TMSS Foreign Remittance (TFR)

Funding Source: TMSS & NCC Bank Ltd.


Bangladesh is a lobar surplus country and this country contributes in the international labor market through temporary labor migration. People usually migrate internationally of better opportunity and financial well being. But the pattern of migration is different according to socioeconomic status of migrants. Some are temporary and others are permanent migrants. Both categories of migrants send money to their country of origin, to their families, but the temporary migrants, often sends more. Remittances have become the most powerful means to maintain with relationship with migrants with their societies of origin. Remittance plays a most important role in the accounts of many developing countries and is crucial to the survival of poor individuals and communities around the world. The emphasis of development policy is now firmly on poverty alleviation and the achievement of the millennium Goals (MDGs) and remittance are playing a significant role to achieve some goals of MDGs.


TMSS has lunched remittance transfer project jointly with National Credit and Commerce (NCC)   Bank Ltd. With support of Remittance & Payment challenge Fund-RPCF (A joint Project of DFID and Bangladesh Bank) in May 2008. The key features of the project are NCC Bank has entered onto an agreement with TMSS having 803 branches all over the country. At first phase bank will use 250 outlets location the remote areas and where NCC bank don’t have any branch, NCC bank will introduce online cash disbursement facility of the remittance i.e. Remittance service through Electronic fund transfer using banks POS terminals in 300 centuries of banks and TMSS, and customers will be provided a card free of cost loaded with remittance sent. He/She can withdraw money as per his/her requirements from any of the 300 POS terminals.


Goal: The primary goal of any payment system is not to enable the circulation of money in its economy. It is recognized worldwide that an efficient and secure payment system is an enabler of economic activity. It provides the conduit essential for effecting and payments and transmission of monetary policy. Payment systems have encountered many challenges and are constantly adapting to the rapidly changing payment landscape. More recently, the proliferation of electronic payment mechanisms, increase in the number of players in the financial area. Three main areas of public policy have guided payments of usage of systems.


Objective :

  • To increase the volume of remittance inflow though improvement in the quality of remittance product, payment infrastructure and rural outreach.
  • Increase the client satisfaction through efficient handling and reducing cost of remittance processing.
  • To benefit the poor rural women recipients by tagging them with different saving scheme and incentive products.
  • Reduce barriers to the flow of remittance in the institution channels.
  • To explore TMSS widely in both home and abroad through TFR.


Achievements: (Up to July’2018)

* Operation through 803 Branches.

* Total payment: BDT 815,53,68,587/- (Up to July’18)

* Total recipients: 2,90,229 (Up to July’18)

* Total payment: BDT 141,61,23,283/- (During the Year January-July’18)

* Total service recipients: 48,015 (During the Year January-July’18)

Office Location

Office Address

Head Office     :

631/5, West Kazipara, Mirpur-10, Dhaka-1216, Bangladesh

Phone : +88-02-55073530, 55073586, 55073540, 9013659

Email :

TMSS Foundation Office     :

Rangpur Road, Thengamara, Bogura-5800, Bangladesh

Telephone: (+88051) 78569, 78975

E-mail :