The Presidents/Chief Executives

All Authorized Dealers/Microfinance Banks/Exchange Companies

Dear Sir/Madam,

Discontinuation of Telegraphic Transfer Charges Incentive Scheme (TTCIS)

Attention of Authorized Dealers, Microfinance Banks and Exchange Companies is invited to EPD Circular Letter No. 04 of 2025, regarding the subject scheme.

2.   In this regard, it is hereby informed that the TTCIS is discontinued with effect from July 01, 2026. However, the Authorized Dealers (ADs) shall continue to implement the scheme at their end while preserving its key features. The ADs shall ensure that home remittance transactions meeting the criteria laid down in the above-mentioned circular letter remain free-of-cost for the senders and beneficiaries of home remittances.

3.   All Authorized Dealers/ Microfinance Banks/ Exchange Companies are advised to bring the same to the notice of their constituents.