Economic Reporter :
The Bangladesh Bank has slashed the cash withdrawal (cash-out) charge through mobile financial services to Tk 4 a thousand taka for the export-oriented industries’ workers and staff against their salaries they would receive from the government’s refinance scheme.
A BB circular issued on Thursday instructed the country’s MFS operators only to follow cost recovery policy and to give subsidy in some cases for the sake of the workers against their salary cash-out through the MFS.
To this end, BB instructed the MFS operators to charge 0.8 per cent against the workers’ or staff’s salary cash-out.
Of the 0.8 per cent cost, the loan distributing banks have been asked to contribute 0.4 per cent and the rest 0.4 per cent would only be applicable to the workers and staff, the BB circular said.
An official of the central bank said that the reduced cash-out charge would be a relief for the workers considering the high transaction charge.
Usually the MFS operators charge between Tk 14.5-18 against cash-out of Tk 1,000.
On March 25, the government announced a Tk 5,000 crore package for the payment of salaries of the workers and staff employed in the export-oriented industries.
The Bangladesh Bank has slashed the cash withdrawal (cash-out) charge through mobile financial services to Tk 4 a thousand taka for the export-oriented industries’ workers and staff against their salaries they would receive from the government’s refinance scheme.
A BB circular issued on Thursday instructed the country’s MFS operators only to follow cost recovery policy and to give subsidy in some cases for the sake of the workers against their salary cash-out through the MFS.
To this end, BB instructed the MFS operators to charge 0.8 per cent against the workers’ or staff’s salary cash-out.
Of the 0.8 per cent cost, the loan distributing banks have been asked to contribute 0.4 per cent and the rest 0.4 per cent would only be applicable to the workers and staff, the BB circular said.
An official of the central bank said that the reduced cash-out charge would be a relief for the workers considering the high transaction charge.
Usually the MFS operators charge between Tk 14.5-18 against cash-out of Tk 1,000.
On March 25, the government announced a Tk 5,000 crore package for the payment of salaries of the workers and staff employed in the export-oriented industries.
