The Presidents/Chief Executives,

All Authorized Dealers/Microfinance Banks / Exchange Companies

Dear Sir/Madams,

Reimbursement of Telegraphic Transfer (T.T.) Charges Scheme against Home Remittances

1. Please refer to EPD Circular Letter No. 9 of 2024 and other related instructions on the subject, issued from time to time.
2. In this regard, it has been decided to make the following revisions in the subject scheme:

3. The minimum size of eligible transaction has been raised to USD 200.
4. The rebate structure has been revised to a flat rate of SAR 20 per eligible transaction

5. Moreover, the Exchange Companies have also been included under the subject scheme.
6. The above revisions shall take effect from July 01, 2025 and the operational instructions related to the implementation of the scheme are given at Appendix-A.
7. All Authorized Dealers/ Microfinance Banks/ Exchange Companies are advised to bring the same to the notice of all their constituents.