For the first time in the country, Bangladesh Bank has allowed banks to introduce international debit cards. This permission will allow the bank to issue an international debit card against an account. Like credit cards, customers will not be able to spend more than 12,000 per annum abroad in the annual travel quota.

The central bank's foreign exchange policy department has sent a circular on June 16 to the chief executives of all banks.

The letter, signed by the general manager of the department, gave three instructions to issue international credit cards.

It said that from now on, banks will be able to issue international credit cards against the customer's local currency bank account opened under the travel quota. Before spending abroad, you have to get dollar endorsement from the bank in the customer's passport. In order to adjust the money spent abroad, the customer must have enough money as the account with which the international debit card will be attached.

It has been reported that with this international debit card, you can go abroad and do all the approved things like credit card, shopping, travel, hotel bill payment. That is why you have to endorse the dollar worth of annual travel quota before going abroad. However, a person cannot spend more than 12 thousand dollars a year. Only if you have money in your account can the customer spend the entire 12,000 of the travel quotas.

Earlier, the limit was 5,000 for SAARC countries and Myanmar. In addition, the limit for other countries was 7 thousand dollars. Debit card costs cannot be more than this.