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As per the circular, the local currency accounts to which IDCs are linked will have sufficient funds to support the expenses to be met from the cards. Alternatively, the ADs should retain endorsed amount equivalent in taka from local currency accounts in the margin accounts, to be maintained in the names of customers for smooth adjustment of the expenses incurred through IDCs.

Currently, the banks are allowed only to issue international credit/pre-paid card (ICC/IPC) against the annual personal travel quota entitlements of the prospective cardholders in line with the existing Guidelines for Foreign Exchange Transactions.

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