Home / Chandpur / In Chandpur the amount of remittance receipt in last six month is Tk. 811 crore

In Chandpur the amount of remittance receipt in last six month is Tk. 811 crore

In Chandpur the amount of remittance receipt in last six month is Tk. 811 crore.
The state-owned banks in Chandpur have received foreign remittances of Tk 811.38 crore from 3.65 lakh expatriates in the six months from January to June 30 of the 2020-2021 fiscal year.

According to the information received from the regional office of the concerned state-owned bank in Chandpur, this information was obtained by contacting the mobile on Sunday morning, July 04.

According to the information received, Sonali Bank received foreign remittances of Tk 186 crore, Janata Bank Tk 141.86 crore, Agrani Bank Tk 352 crore and Desh Krishi Bank Tk 131.52 crore in the first six months of 2021.

Besides, it has earned Tk 64.62 crore in the fiscal year 2020-21. Of these, Sonali earned Tk 14.39 crore, Krishi Bank Tk 32.83 crore, Janata Tk 8.23 crore and Agrani Bank Tk 9 crore 7 lakh.

Incidentally, remittances sent by Chandpur expatriates in return for their labor are creating liquidity in more than two hundred bank branches and a few hundred shopping malls in the district. The foreign remittances of the expatriates in the district have changed the picture in terms of their own houses or buildings, business, education, agriculture, development of infrastructure in their respective areas, infrastructural development of mosques, madrasas and orphanages.

According to the recent data of Chandpur Manpower and Employment Bureau for 2020-2021, there are 1 crore 14 lakh 61 thousand Bangladeshi expatriates in 162 countries of the world. Chandpur ranks 7th among other districts of the country in terms of expatriates.

According to sources in the Chandpur Manpower and Employment Office, 3 lakh 65 thousand legitimate Chandpur workers in different countries of the world, including the Middle East, send remittances from their workplaces to their nearest relatives through banks and other agencies. Illegal or development or otherwise there are numerous more remittances acquired for which no statistics could be known.

Saudi Arabia is the largest labor market in Bangladesh. About 5.5 million expatriates are working here. It is followed by Kuwait, Qatar,
Bahrain, Lebanon, Jordan and Libya. The people concerned think that this is a huge achievement for the riverine Chandpur.

Most of the expatriates in Chandpur are spending their labor in the Middle East and Arab countries. Chandpur has expatriate workers in many countries of the world including Malaysia, Italy, France, Singapore, Japan, South Korea. They are sending these remittances.

The expatriates of Chandpur send these remittances every month through various international and authorized agencies of Bangladesh Bank. Some banks are only transacting money through a secret PIN number. Many expatriate customers also send money in person.

Meanwhile, banks like Uttara, Rupali, Pharma, Mercantile, Prime, Dutch-Bangla, City, National, United Commercial, Trust, etc. in Chandpur deal with remittances, but they are unable to provide information on development transactions as they have regulatory offices in Cumilla. It was not included in the report of Chandpur Times as it was not possible to mention it in the report.

The country’s reserves of foreign remittances sent by expatriates are increasing. Employment creation and socio-economic conditions are improving. Each foreign remittance desk and help desk of some banks have been opened to provide services separately. The bank branch is committed to provide the highest level of service in this regard.

Within minutes of remittances to expatriates, the bank is able to disburse the desired amount to its customers. Bangladeshi expatriates send the money from their respective workplaces through various finance agencies approved by Bangladesh Bank.

The Deputy General Manager of Sonali Bank in Chandpur said, “The government is giving 2% incentive for the expatriates to send their hard-earned money to the country legally.” It also helps to increase the bank’s reserves.

In this regard, General Manager of Agrani Bank Geeta Rani said, “Apart from improving the condition of expatriates, remittances are keeping the economic wheel of our country in motion. The government is giving them 2% incentive for this remittance. Agrani Bank is giving another 1%.”

Correspondent: Abdul Ghoni, July 04,2021