What is the 2.5% remittance incentive?

The Bangladesh government pays a 2.5% bonus on top of the transferred amount when remittances arrive through formal banking channels. This applies automatically — no application needed — and is credited to the recipient's bank account.

Cheapest way to send money to Bangladesh?

Wise, Remitly, and Tap Tap Send are typically the cheapest formal-channel providers, with margins under 1.5%. Combined with the 2.5% government incentive, formal transfers usually outperform informal hundi.

How fast is bKash or Nagad wallet delivery?

Most providers credit bKash and Nagad wallets within 5–60 minutes. Recipients can withdraw cash from any bKash/Nagad agent or pay merchants directly with the funds.

Are remittances to Bangladesh taxable for the recipient?

No — personal remittances to family in Bangladesh are exempt from income tax. The 2.5% government bonus is also tax-free. Business or commercial remittances may have tax implications.

Why is the BDT corridor competitive from Singapore?

Roughly 200,000 Bangladeshi workers in Singapore generate steady transfer volume. Singapore-based providers (DBS Remit, YouTrip, Wise) have built dedicated SGD→BDT pricing that often beats Western Union and bank wires.

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Bangladeshi Taka (BDT) Live Exchange Rate & Remittance Guide

BDT · ৳ · Bangladesh Bank

1 USD =

৳122.75

Live (cached)

About the Bangladeshi Taka

The Bangladeshi Taka was introduced in 1972 following independence from Pakistan, replacing the Pakistani rupee at par. Bangladesh Bank manages it under a managed float, having moved away from a crawling peg in 2003. The taka has faced sustained depreciation pressure due to import bills and energy costs.

Why BDT matters for remittance

Bangladesh receives over $22 billion in remittances annually — roughly 5% of GDP. Major sending corridors include Saudi Arabia, UAE, USA, UK, Malaysia, and Singapore. The government offers a 2.5% cash incentive on remittances received through formal banking channels to discourage hundi.

BDT cross-rates

Live

What 1 Bangladeshi Taka (BDT) is worth in major currencies right now, at the wholesale mid-market rate.

Currency	1 ৳ BDT =	Inverse (1 unit in BDT)
USD USA	$0.008147 USD	৳122.75 BDT
EUR Europe	€0.007029 EUR	৳142.27 BDT
GBP UK	£0.006081 GBP	৳164.45 BDT
INR India	₹0.769286 INR	৳1.2999 BDT
AED UAE	د.إ0.029923 AED	৳33.420 BDT

USD rate is live from Wise's comparison API; other reference rates are derived from the latest USD-anchored mid-market table. Retail providers add a margin on top — see the comparison table on each corridor page for the rate you'll actually receive.

Compare BDT corridors

See live rates and the best providers for each pair.

USD→BDT SGD→BDT AED→BDT GBP→BDT MYR→BDT

Bangladesh remittance guide

Country profile for sending money TO Bangladesh — delivery methods, regulations, recipient guidance.

🇧🇩 Send to Bangladesh

BDT remittance regulations

Inbound remittances are regulated by Bangladesh Bank under the Foreign Exchange Regulation Act. Remittances received through approved channels qualify for the 2.5% government incentive paid directly to the recipient. Cash withdrawal limits apply for foreign currency conversions.

How to send Bangladeshi Taka (BDT)

Use a Bangladesh Bank-approved provider (Wise, Remitly, Western Union, Tap Tap Send) to qualify for the 2.5% government remittance incentive.
Bank deposit to Sonali, Janata, Agrani, BRAC, or Islami Bank is the most common delivery method.
bKash and Nagad mobile wallets are widely supported — credit typically arrives in under an hour.
Recipients should mention the transfer is a remittance to ensure the 2.5% incentive is applied.

Currency facts

ISO 4217: 050
Sub-unit: 100 poisha = 1 taka
Central bank: Bangladesh Bank
Daily FX volume: $900 million/day
Symbol: ৳
52-week range (vs USD): 108.5 – 111.5

Frequently asked questions

Live rates fetched from Wise's public comparison API. For currency conversion mid-rates we display Wise's quoted rate, which has zero markup. Methodology.