Government Incentive on Wage Earners’ Remittance

The Government of the People’s Republic of Bangladesh is offering 2.5% incentives on wage earners’ remittances to encourage the use of formal channels for sending money home. If you are a Bangladeshi citizen residing abroad and remitting funds through legitimate channels, you are eligible to receive cash incentives in Bangladeshi Taka.

Mutual Trust Bank Limited (MTB) proudly supports this initiative by facilitating remittance through a wide range of services, including:

Mobile Wallet Transfers
Cash Pick-Up Services
Direct Bank Account Transfers

No matter which option you choose, your remittance qualifies for the government-provided incentive, provided the transfer is made through authorized and legal remittance channels.

Start sending money to your loved ones today and enjoy government incentives with every transfer — securely, swiftly, and reliably with MTB.

For more details, please contact our remittance support team MTB Remittance mtbremittance@mutualtrustbank.com or visit your nearest MTB Branch.

Terms and Condition

Eligibility Criteria for 2.5% Government Incentive on Wage Earners’ Remittance

Definition of Wage-Earner:

As per The Wage Earner Development Bond Rules, 1981, a Wage-Earner is defined as a Bangladeshi national who is gainfully employed abroad and not employed by the Government or any statutory, autonomous, or semi-autonomous body. This also includes Bangladeshi-origin individuals who have acquired foreign nationality.
Banks shall make decisions accordingly.

Ineligible Remittances:

The following types of remittance do not qualify for the 2.5% government incentive:

Foreign Direct Investment (FDI), donations, trade payments, freelancing/IT services/remote jobs, exports, gifts, and goods or services transactions
Remittances used to purchase Wage Earner Development Bonds, US Dollar Investment Bonds, or US Dollar Premium Bonds
Foreign currency brought in cash by non-residents

Additional Notes:

For Foreign Currency (FC) accounts, only wage earners’ remittances sent from abroad are eligible. The 2.5% incentive is applicable only on the portion converted into Bangladeshi Taka, subject to proper verification.
If salary is repatriated from abroad by an organization or individual and the beneficiary is a natural person, the remittance may qualify for the incentive upon verification.