Bangladesh Bank has relaxed regulations on the remittance of consular and visa processing fees, allowing Authorized Dealers (ADs) to transfer such funds abroad without prior approval from the central bank.

A circular issued by Bangladesh Bank on Sunday said the move is aimed at simplifying foreign exchange procedures related to diplomatic and consular financial transactions.

Under the new rules, consular fees collected by foreign embassies in Bangladesh in local currency and deposited in designated taka accounts maintained with Authorized Dealers can now be remitted directly abroad. Previously, such transfers required prior approval from Bangladesh Bank.

The circular also permits the remittance of visa processing fees collected through nominated resident agents of foreign embassies. These funds may be transferred to accounts designated by the respective embassies, their head offices, or other authorized foreign entities.

Banks have been instructed to collect visa fees at rates determined by the concerned embassies and ensure proper documentation, including invoices and applicant-wise statements of collections.

Bangladesh Bank further directed Authorized Dealers to deduct all applicable taxes before remitting funds overseas.

The circular replaces a previous provision under FE Circular No. 37 issued on September 30, 2025, while other related instructions will remain unchanged.

The central bank said the policy revision is intended to streamline foreign exchange operations and facilitate smoother transactions for consular and visa services provided by foreign missions in Bangladesh.