[ad_1]
The government has established a uniform cash-out charge for the disbursement of cash from social security programs and other government activities through mobile banking (Mobile Financial Services-MFS).
The Finance Department issued a circular on November 12 setting a uniform cash withdrawal fee of 0.60 percent at MFS.
In this case, beneficiaries of social security programs and other sectors of the government will be able to withdraw the money received from the government in the mobile banking account by charging at this rate, that is, taking cash from the SFM agent. If you withdraw 100 rupees, you will have to pay a fee of 60 paisa, you will have to pay 8 rupees per thousand rupees.
Today cash, bKash, Rocket, UKash, SureCash and a few other companies offer mobile financial services. Your cash withdrawal fee varies from Tk 80 to Tk 75 depending on the operator. Interested parties think that establishing a uniform cash charge will save the government a great deal of money.
According to a circular issued by the Department of Finance, the government implements a significant number of social security activities / projects / programs each year under the social security program. Among these social security programs, the cash is distributed among the beneficiaries for various types of allowances, fees, scholarships, stipends, etc. Additionally, other government activities also require cash to reach beneficiaries.
He also said that one of the government’s goals is to deliver these cash to the beneficiaries in a timely and uninterrupted manner. With this objective in mind, the government has already prioritized the disbursement of cash from the public treasury directly to beneficiaries through mobile financial services following the ‘Government to Person (GTP)’ approach.
In this context, it is necessary to determine a uniform cash-out charge for the disbursement of cash from social security programs and other government activities through mobile financial services. In this context, the circular states that the government has set a uniform cash withdrawal fee for the disbursement of cash from social security programs and other activities through mobile financial services.
The circular said that the uniform cash charge for the distribution of cash in social security programs and other government activities for mobile financial services was 0.60 percent.
The circular states that all ministries / departments that distribute cash through social security programs and other government activities through MFS will follow the same cash withdrawal fee. Specify the scope of operation of the operator and monitor accordingly.
RMM / MSH
The corona virus has changed our lives. Time is spent in joy and pain, in crisis, in anxiety. How are you spending your time? You can write in Jago News. Send it today – [email protected]
[ad_2]
