Business Desk :
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 on Tuesday, reports BSS. 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.
