JAKARTA - Bangladesh Bank relaxed rules on June 22 for remitting consular and visa-processing fees collected in Bangladesh, according to BSS, the state-run national news agency. The circular allows Authorized Dealers to transfer the funds abroad without obtaining prior approval from the central bank.

The revised provision covers consular fees collected by foreign embassies in Bangladesh in local currency and deposited in designated taka accounts maintained with Authorized Dealers. It also covers visa-processing fees collected through nominated resident agents of foreign embassies.

The funds may be sent to bank accounts designated by the embassies, their home offices or other competent authorities abroad. The change gives banks authority to process qualifying remittances directly, instead of sending each transaction to Bangladesh Bank for prior clearance.

Bangladesh Bank said the revised policy is aimed at “streamlining foreign exchange procedures and facilitating smoother financial transactions related to consular and visa services offered by foreign missions in Bangladesh.”

Authorized Dealers must still check the underlying paperwork before transferring the funds. Bangladesh Bank instructed banks to collect visa fees at rates set by the concerned embassies and to obtain invoices from embassies, home offices or competent authorities.

The invoices must be supported by applicant-wise collection statements. Banks must also deduct all applicable taxes before remitting the funds overseas.

The circular replaces sub-paragraph (1) of paragraph 31 of FE Circular No. 37, issued on September 30, 2025. BSS said the other instructions on the matter remain unchanged.

The measure also follows other visa-payment facilitation steps in the country. Back on May 11, Bangladesh Bank allowed Authorized Dealers to process payments for visa bonds and refundable security deposits required by embassies or foreign authorities, including through direct remittance or preloaded international and virtual cards.