Villagers in faraway areas will no longer have to travel long distances to receive the money sent by family members from abroad.
The villagers will soon be able to draw money sent from abroad from the bank branch nearest their home.
Private commercial National Credit and Commerce Bank and NGO Thengamara Mohila Sabuj Sangha are working jointly to introduce a foreign remittance project to provide the new services by April.
Bangladesh Bank governor Salehuddin Ahmed inaugurated the project at Dhaka Sheraton Hotel, saying the project would help cut the flow of inward remittances through illegal hundi .
"The remittance sent by expatriates play a major role in the economy," the governor said, urging other banks to take similar schemes in conjunction with the NGO sector. NCC Bank's managing director Nurul Amin put the cost of the project at Tk 8 crore.
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