Hundreds of Bangladeshi expatriates are engaged in a variety of professions in Singapore. Most of them have to remit money to their families as well as their kith and kin in Bangladesh. Only a meager amount of their remittance used to reach Bangladesh through banking channels before our Exchange House started operation on the 24th of August, 2002. Many illiterate and gullible Bangladeshi guest workers fell prey to 'Hoondi' syndicates (unauthorized/unscrupulous intermediaries). 'Hoondi' vendors, in the name of remitting money to Bangladesh through non-banking channels under various tricky ploys, fleeced many Bangladeshi brothers and left them bereft of their hard earned savings.

Instructed by the Government of the People's Republic of Bangladesh Agrani Bank opened the Exchange House to help Bangladeshi professionals and guest workers in Singapore remit their money to any Branch of any Bank in Bangladesh within the shortest possible time. There has been overwhelming response from Bangladeshi expatriates as well as other remitters in Singapore immediately after its opening. Our Exchange House remains open till late in the evening every day.

Besides remitting money any Bangladeshi Wage Earner staying in Singapore can also open NFCD Account and FC Account and purchase Wage Earners' Bonds through assistance from our Agrani Exchange House.

For further information, you may contact: frmd@agranibank.org