Mobile Banking in Bangladesh, DBBL, Bkash, Post office and other

Today Several Organization giving Mobile Banking Service in Bangladesh such as DBBL, Bkash, Post office and other




what is the charges of the service?
ans: issuer will pay as per following:

money order amount (bdt)	fees (bdt)
up to bdt 1,000	27
for every subsequent bdt 1,000	10

- e.g. for bdt 4,000/- fees will be bdt 57/-
- for bdt 10,000/- fees will be bdt 117/-
6. what is the maximum amount that can be sent through electronic money order?ans: bdt 50,000/- at this moment

NB: 10.000 TK or more need National ID copy

(At Agent Point)
Current limit for the customers are as under:
 Cash-in frequency per day = 5 times
 Cash-out frequency per day = 5 times
 Per transaction limit (Cash-in /cash-out) =Tk. 20,000/-
 Daily transaction limit (Cash-in /cash-out) =Tk. 50,000/-
 Cash-in frequency per month = 20 times
 Cash-out frequency per month = 20 times
 P2P transfer per day = Tk. 10,000/-
 P2P transfer per month = Tk. 25,000/-

Fees & Service Charges
Registration Fee : Free
Cash-in at DBBL Branch : Free
Cash-out at DBBL Branch/ATM : Free
Remittance Disbursement (To mobile account) : Free
Salary Disbursement : Free
P2P Fund Transfer : Free
Mobile Top-up : Free

Cash-in Charges : 1% of the transaction amount or Tk. 5/-, whichever is higher
Cash-out Charges : 2% of the transaction amount or Tk. 10/-, whichever is higher

tariff
Service Charges Registration No charge applicable Cash In No charge applicable Send Money (individual) Tk. 2.00 (for any amount) Cash Out from Agent 1.85% of Cash Out amount Cash Out from ATM 2% of Cash Out amount Payment (merchant) No charge applicable
Transaction Limits Transaction Type Minimum Amount per transaction (Tk.) Maximum Amount per transaction (Tk.) Maximum Amount per day (Tk.) Maximum Amount per month (Tk.) Cash In 50 125,000 125,000 250,000 Send Money 10 10,000 10,000 25,000 Cash Out from Agent 50 125,000 125,000 250,000 Cash Out from ATM 2,000 20,000 125,000 250,000 Payment * NA NA NA NA
* Payment: as per bill amount					....

 

What is EMTS? The regular paper based money order service of the post office seemed a time consuming, expensive and inefficient approach of remit money to any part of the country. There was a demand for quick transfer of money to locations where the beneficiary can collect and use it instantly. With this perspective in view, Bangladesh Post launched a new money order service named Electronic Money Transfer Service (EMTS), commonly known as Mobile Money Order Service. This fulfilled the expectations of people to remit the desired amount of money to their near and dear ones so as to utilize when they need. This is mobile as well as web based remittance service available in all important post offices of the country. The sender can send the money within a minute and recipient/beneficiary can collect it instantly. Both sender and recipient get confirmation of the remittance and disbursement as soon as it is made in their mobile phones. Area Coverage : This service is available in all important post offices of the country. Presently 2000 post offices provide the EMTS which is covering all district, upazilla/thana and important/busy rural post office locations. Every month hundreds of post officials are being trained and the service is expanded to those locations. EMTS Tools/Devices: Bangladesh Post maintains a server and call center to monitor and support the service. All Electronic Money Transfer Service locations (post offices) are equipped with computer, internet connectivity and/or mobile phones which are used to send the issue or payment request to the server. Procedure: The sender goes to the post office and fills up an issue form (EMO -1) giving required information like sender name, address, mobile phone number, recipient's name, address mobile phone number, amount of money to be sent etc. The post office staff sends the information to the central server through the computer or official EMTS mobile phone. When the request is accepted and confirmed by the server through issuing SMS generating a 16 digit unique PIN to senders mobile phone and a separate confirmation message is sent to issuing post office. The sender shall inform the recipient to collect the money from his/her nearest post office. The recipient goes to the post office and again fill up the disburse form (EMO-2) and claim the money showing the PIN. The post office counter operator verifies the information given by the recipient from server with those used earlier by sender; if everything is match the disbursement procedure is made. As soon as the disbursement is completed the sender is again confirmed by another SMS generated by the server.
FEATURES 1.Remittance in a minute 2.User Friendly- adoption of mobile phones & applications 3.Maximum Area coverage: Locations distributed throughout the country (presently 2000 POs), to be expanded to all Post Office locations 4.Transaction security ensured by a 16 digit auto PIN generation mechanism 5.Independent of Mobile Operator-customer enjoying mobile operator's service can use this service. 6.EMTS devices not specific to power sources like electricity -have freedom of using any Source of Power (electricity, battery, solar charger) 7.Ensure customer satisfaction- Daylong well acquainted Help Desk Service 8.Optional Corporate Services: a)One 2 Many transactions-Option for Salary Disbursement b)Many 2 One Transactions- Option for collection of tution/Admission fees from students 9.Location Independent Disbursement 10.Widely used Network Partner- Banglalink Mobile Operator 11.Database Management and Security-VPN Connectivity 12.Scope to add new value added service and future expansion
List of Offices of Electronic Money Transfer Service