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NRB BANKING & FOREIGN REMITTANCE DIVISION

Jamuna Bank PLC is one of the fastest growing private commercial Banks in the country having wide Branch & Associate network throughout the Country. All the branches are running with real-time Online and ATM facilities to settle their transaction from remote areas. We have dedicated NRB Banking Division to ensure personalized services to the valued customers at branch & Head Office Level.

We have an admirable Remittance Tie-up with a good number of world renowned Exchange Houses and Banks throughout the World to facilitate the Remittance services to the Beneficiaries. We also handle outward remittance services. The outward Remittance includes FC Cash & wire Transfer through SWIFT. The Inward Remittance products are over the counter payment (OTC), JBL Account Credit, 3rd Bank Account Credit, Mobile Financial Services (MFS) through bKash , Nagad & wire Transfer through SWIFT etc. We have a strong Remittance Settlement Network with different associate Banks & BEFTN /RTGS/NPSB/Nikash facilities with all the commercial Banks operating in Bangladesh, which cover about 11,500+ remote locations besides our 277 branches, 48 Agents, 9 associate Banks, 348 owned & over 10,000+ shared ATM installations throughout the country.

Remittance plays a major role contributing to economy in terms of foreign currency reserve, as there is a great deal of disproportion between export and import business. Also inward remittances constitute around 7% of Bangladesh’s total GDP. The incomes through remittances are invested for food, non food expenditure, durable and other expenses for the purchase of land. Almost 13 million Bangladeshi citizens living abroad for working purpose are sending money which is a significant source of global income along with garments industry. Saudi Arabia has been the largest source of remittances since 1980s followed by United Arab Emirates, Oman, Qatar, Singapore, Bahrain, Kuwait, Libya, Iraq, Malaysia and United Kingdom.

Our main purpose is to cater to the needs of NRBs & their beneficiaries offering different deposit products and services. Prioritizing the needs of NRBs, we are in process to offer different personalized products & services by establishing JBPLC own Exchange Houses in different Countries like UK & Spain. To serve the NRBs in the best possible manner, Jamuna Bank PLC has deployed NRB community consultants in Exchange Houses around the globe. They encourage potential customers to use legal channels to remit their money to the loved ones as well as to invest their savings in the productive sectors.

JBL Remittance

 

Jamuna Bank continues to do business with several well-known international money transfer companies and had achieved remarkable achievement regarding the inward foreign remittance, such companies are:

List of Exchange Houses :
Serial No.Name of exchange housesCountry of EstablishmentOffered Services
1Aftab Currency Exchange Ltd, EuropeUnited KingdomInstant Cash , Bank Deposit, Bkash & Nagad Payment
2Al-Ansari Exchange LLC, GlobalUnited Arab EmiratesInstant Cash & Bank Deposit
3Al-Bader Exchange, UAEUnited Arab EmiratesBank Deposit
4Al-Zaman Exchange, QatarQatarInstant Cash & Bank Deposit
5iFAST Global Bank Limited, UK (BFC Bank  Bharian)United KingdomInstant Cash & Bank Deposit
6Cash Plus Co.,  SeychellesSeychellesBank Deposit
7Continental Exchange Solutions INC  (RIA),GlobalUnited State of AmericaInstant Cash & Bank Deposit
8Instant Cash FZE, GlobalUnited Arab EmiratesInstant Cash & Bank Deposit
9Kuwait Asian Int’l Exchange Co W.L.L, KuwaitKuwaitBank Deposit
10MoneyGram Payment Systems Inc. USA, GlobalUnited State of AmericaInstant Cash & Bank Deposit
11National Exchange Co SRL ITALYITALYInstant Cash & Bank Deposit
12NEC Money Transfer-EUROPEUnited KindomInstant Cash & Bank Deposit
13Placid NK Corporation, GlobalUnited State of AmericaInstant Cash & Bank Deposit
14Pragati Exchange, UAEUnited Arab EmiratesInstant Cash & Bank Deposit
15Redha Al Ansari,  UAEUnited Arab EmiratesInstant Cash & Bank Deposit
16Mastercard Transaction Services (US) LLC (Trans-Fast Remittance LLC), GlobalUnited State of AmericaInstant Cash & Bank Deposit
17Trans-Fast Remittance Spain (Only Spain)SpainInstant Cash , Bank Deposit & bKash Payment
18UAE Exchange Centre, KuwaitKuwaitBank Deposit
19WesternUnion Money Transfer, USA,GlobalUnited State of AmericaInstant Cash
20Worldwide West 2 East (Sha Global), EuropeUnited KingdomInstant Cash & Bank Deposit
21Sunman Global Exchange CorpUnited State of AmericaInstant Cash & Bank Deposit
22Terra Payment Services (Mauritius)MauritiusInstant Cash , Bank Deposit, Bkash & Nagad Payment
23KMB International MoneyTransfer, UKUnited KingdomInstant Cash & Bank Deposit
24Eastern Exchange CompanyQatarInstant Cash & Bank Deposit
25Japan Remit FinanceJapanInstant Cash , Bank Deposit, Bkash & Nagad Payment
26Money Link (UK) Ltd.United KingdomBank Deposit
27X Press Money Services Limited GlobalUnited KingdomInstant Cash & Bank Deposit
28Zenj Exchange Co. W.L.L., BahrainBahrainInstant Cash

Charts Below show the comparative analysis of last five years foreign remittance receipt of Jamuna Bank PLC.

Fig: Inward remittance Volume from 2018-2022