Paper Title
Challenges of Channeling Workers Remittances Through Banks in Bangladesh

Worker remittances have been a consistent source of foreign exchange in Bangladesh that has been playing an important role in improving supply side in the foreign exchange market and reducing poverty level. The paper is about challenges of channeling workers’ remittances to come up with some policy inputs for augmenting remittances through banking channel. The paper found that it is now crucial for the country to ensure greater penetration of MFS in remittance services being within the bank led formal model. Banks must work to improve the quality of services to the remitters. Deposit and loan products should be developed to attract remitters through banking channels. Ultimately there is no alternative of designing well-thought positive and negative incentive structure for the remitters. Key Terms- Non-resident Bangladeshi, Remittance, Di-risking, Money Transfer Organization, Mobile Financial Services.