FEPD Circular No. 40: Family remittance facility for foreign nationals who are resident in and have income in Bangladesh

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No. 40 Date: November 15, 2017
All Authorized Dealers of
Foreign Exchange in Bangladesh
Family remittance facility for foreign nationals who are resident in and have income in Bangladesh

Attention of the Authorized Dealers (ADs) is invited to the Paragraph-8, Chapter-11 of Guidelines for Foreign Exchange Transactions (GFET), 2009 (Volume-1) and FE Circular No.06, Date: April 15, 2013 in terms of which foreign nationals who are resident in and have income in Bangladesh are permitted to make monthly remittances to the country of their domicile out of their current savings up to 75% of their net income to cover their commitments abroad.
2. It has now been decided that besides their country of domicile, such monthly remittances
may be sent to other countries where family members of them live in as declared by them in the prescribed application form (as per paragraph 2(e) of Appendix 5/63 of GFET’ 2009 (Volume-1)).
3. Other instructions contained in the Paragraph-8, Chapter-11 of GFET’ 2009 (Volume-1) and
FE Circular No.06, Date: April 15, 2013 shall remained unchanged.
Please bring the contents of this circular to the notice of all your concerned constituents. Yours faithfully,

(Jagannath Chandra Ghosh)
Deputy General Manager
Phone: 9530092