Regulatory Alerts2019-12-02
Added · Updated
PSD Circular No. 06: About crediting beneficiaries MFS account with proceeds of foreign remittance including subsequent cash incentives
The Payment Systems Department of Bangladesh Bank permits banks to directly credit a maximum of BDT 125,000, including cash incentives, to the Mobile Financial Services (MFS) accounts of beneficiaries receiving remittances via banking channels. For all other MFS transactions not involving remittance proceeds, entities must ensure compliance with PSD Circular No. 01/2019 dated May 19, 2019.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share