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Bangladesh Bank widens cash incentive on remittance

Bangladesh Bank widens cash incentive on remittance

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Bangladesh Bank has widened the cash incentive on remittance for encouraging sending remittances through legal channels. 

Expatriate Bangladeshis will enjoy 2.5 per cent cash incentive if they remit five categories of service benefits in the form of remittance through legal channels, as per a BB circular issued today. 

The categories are retirement benefits such as pension fund, provident fund, leave salary, bonus and other gratuities, and retirement benefit paid by employers, the circular added.