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Send Money To Bangladesh-Easy Way To Transfer Money

A large part of the money coming to Bangladesh from abroad comes through remittances from expatriates. A large part of which comes from expatriate unskilled workers. In the whole year, the expatriates sent 2,174 crore US dollars to the country. Shariful Hasan, head of BRAC’s migration program, said they did not have exact figures on how many migrant workers were cheated out of remittances each year.

“But for those of us who work with expatriates, especially those who provide an emergency service at the airport, we’ve seen this often happen. He was telling BBC Bangla.

Shariful Hasan, head of BRAC’s migration program, said he did not have exact figures on how many migrant workers were cheated out of the country each year.

“But those of us who work with expatriates, especially at the airport, provide an emergency service. We’ve seen this happen a lot of the time. He was telling BBC Bangla

How to send remittances from abroad

The expatriates were later deceived by their close relatives after sending their hard earned money from abroad to the country. The hard-earned money sent by the expatriates is spent by their relatives or they make money in their own name which makes the expatriates destitute after returning from exile. One of the major reasons for this is that many expatriates do not know how to send remittances from exile to the country, they will not suffer.
• According to the data of Bangladesh Bank, remittances worth ২১ 215 crore were sent by expatriates last September. In August came 196 crore dollars. And last July was the highest single month remittance record, ২৫ 259 million. There is no precedent of so much remittance coming in a month before.

As of November 2020, migrant workers had earned Rs 19.89 billion. If this trend of flow continues, the amount of remittances will increase by 16.5 percent as compared to last year.

According to Bangladesh Bank, Saudi Arabia tops the list in terms of sending more remittances in the current 2022 fiscal year. The list includes the top 10 countries – the United States, the United Arab Emirates, Malaysia, the United Kingdom, Oman, Kuwait, Qatar, Italy and Singapore.

Amount of remittances in 2022

As of July-October of the current financial year, remittances from Saudi Arabia amounted to US ২১ 2114.3 million, US ১০ 1095.5 million from USA, US ৬৭ 98.4 million from UAE, US ৭ 695.1 million from Malaysia. US ৬৮৮ 8 million from the United Kingdom, US ২ 742.2 million from Oman, US ৬ 624.7 million from Kuwait, US ৪ 449.3 million from Qatar, US ২ 290.6 million from Italy and US ২ 235.9 million from Singapore. Dollars.

Ways to send and bring money abroad for development

Tasnim Siddiqui, chairman of Ramroor, an organization that works with expatriates, said that many have found that expatriates have wealth in the country but when the expatriates return to the country, they have to share it with their parents and siblings. It has also been observed that the expatriate has sent money to his brother and the brother has made wealth in his own name.
So how can expatriates save their money?
Shariful Hasan, head of BRAC’s migration program, said he did not have exact figures on how many migrant workers were cheated out of the country each year.

“But for those of us who work with expatriates, especially those who provide an emergency service at the airport, we’ve seen this often happen. He was telling BBC Bangla.
Immigration officials at Ramru and BRAC offered some suggestions.

An expatriate needs to plan how to save money when going abroad to earn money or get a job.
Expatriates can open various term bank accounts in their own name where their hard earned money will be deposited directly in the bank.
If he sends money to buy a land or a house, he will verify that the property is in his own name before paying it in full. This is because the expatriates who return to the country later face ownership complications.

List of money exchanges, bank branches and related countries from which remittances can be sent to Bangladesh: (You can save the image below on your phone or PC and then zoom in.)

MTO

How to send money from abroad through Bkash

Through bKash, expatriates can easily send money to Bangladesh:

যান Go to Authorized and Partner Bank Branch / Money Exchange / MTO Agent

প্রদান Provide bKash account number and full name (when opening bKash account)

Pay the required amount and request the Bank / Money Exchange / MTO Agent to start and complete the work.

Rules for sending money from abroad to bank / exchange house / MTO agent

The bank / exchange house / MTO agent confirms the following when sending money from abroad:

The recipient has a registered and valid development account

• Recipient’s development account number and full name provided correctly

• Remittances sent (in Bangladeshi Taka) are not exceeding the limit.

[junkie-alert style = “green”] Rupali and Agrani Bank give extra incentives to send remittances from abroad. [/ junkie-alert]

 

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