BDT – Bangladeshi Taka
The payment processing of this currency is considered to be complex, as the beneficiary might be required to complete local documents to release the funds (“Form C”).
If the beneficiary is a non-profit organization, pre-approval by the local NGO office is required in order to receive the funds.
Please note that due to the current lockdown, local banks are operating on reduce workforce having as consequence that payments in this currency will likely face delays.
- Currency guidelines
Besides the standard information, a clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Moreover the full address (exact branch location) and name of the beneficiary’s bank is mandatory and to be provided in the remittance information.
The nationality of the beneficiary is mandatory for all payments made to any individuals in Bangladesh. If the beneficiary is an institution (and not an individual), then it is not required to specify the nationality.
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge option: OUR/SHA/BEN
• Central bank of Bangladesh: http://www.bangladesh-bank.org/