Regulatory Alerts2022-12-04
Added
FEPD Circular Letter No. 45: Regarding Disbursement of Cash Incentive against Inward Remittances Earned by Armed Forces Members from UN Mission
The document instructs scheduled banks in Bangladesh to disburse cash incentives to members of the Army, Navy, Air Force, and Police serving in UN peacekeeping missions based on inward remittances. A 2% incentive applies to remittances received between July 1, 2019, and December 31, 2021, while a 2.5% incentive applies to those received from January 1, 2022, onwards. The process requires the respective forces to submit eligibility lists to their banks, which then apply to the Bangladesh Bank's Accounts and Budgeting Department for fund release before crediting the incentives to individual accounts.
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