BSS
  20 May 2025, 19:56

BB allows banks to pay fees for correspondence courses abroad

 
DHAKA, May 20, 2025 (BSS) - Bangladesh Bank (BB) has allowed banks to pay 
fees for correspondence courses abroad without prior approval.
 
"To facilitate the development of professional skills, it has been decided 
that banks may remit fees for correspondence courses to be paid by students 
to foreign professional or educational institutions for appearing in 
professional examinations," said a BB circular issued here today.
 
Earlier, students had to seek approval from the Bangladesh Bank to remit fees 
for correspondence courses.
 
The remittances must be sent to the foreign institutions abroad, after 
deducting any applicable taxes, according to the notice.
 
"The facility shall be admissible for one correspondence course at a time. 
For each release of foreign exchange subsequent to the first, the current 
progress report needs to be taken into consideration," the notice read.