Make Payments in BDT - Bangladeshi Taka
Pay in Bangladeshi Taka (BDT)
Mondial Change allows you to make international payments in BDT (Bangladeshi Taka) with ease. Manage your Bangladeshi Taka beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not charge exchange commission on your BDT operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Bangladeshi Taka (BDT)
It is currently not possible to receive payments in BDT.
Do you want to hedge your exchange risk on the Bangladeshi Taka (BDT)? Check out our dedicated page for BDT currency hedging.
Mondial Change Answers All Your Questions About Payments in Bangladeshi Taka (BDT)
What is the timeframe for a BDT payment to be credited to the beneficiary's account?
It generally takes a minimum of 2 business days for a Bangladeshi Taka transfer to be credited to the beneficiary's account. However, these timeframes are not contractual, and our partners responsible for executing and routing payments cannot be held liable if BDT payments are credited beyond 2 business days to the beneficiary's account. External events such as processing delays by intermediary banks, public holidays, execution time, or compliance checks can significantly impact the payment receipt timeframes.
What are the fees for a payment in Bangladeshi Taka (BDT)?
The fees applied to Bangladeshi Taka (BDT) transfers generally range from 0 to 10 euros, depending on the agreement with Mondial Change's trading desk. The rate primarily depends on your annual BDT exchange volume and the number of Bangladeshi Taka payments made during the year.
Are there minimum or maximum amounts for payments in Bangladeshi Taka (BDT)?
Mondial Change and its partners verify that your Bangladeshi Taka flows are consistent with the data declared during account opening and align with your business volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated well in advance of your operations' validation.
What are the specific rules for executing a payment in Bangladeshi Taka (BDT)?
For BDT payments via the SWIFT network, the following information must be provided at a minimum:
• Full name of the beneficiary
• Full address of the beneficiary
• Local account number
• SWIFT code of the beneficiary's bank
Is it possible to modify a payment in Bangladeshi Taka (BDT) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Bangladeshi Taka (BDT) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then such amendments are not possible, and you must wait for the payment to be returned if applicable.
What are the public holidays when payments in Bangladeshi Taka (BDT) cannot be executed?
January 1st: New Year’s Day
February 21st: Language Martyrs' Day / International Mother Language Day (Shaheed Dibosh)
March 17th: Sheikh Mujibur Rahman's Birthday and National Children's Day
March 26th: Independence Day
Variable Date: Shab-e-Barat (Night of Forgiveness)
April 14th: Bengali New Year (Pohela Boishakh)
May 1st: May Day
Variable Date: Buddha Purnima (Buddha's Birthday)
Variable Date: Eid-ul-Fitr
Variable Date: Eid-ul-Adha
Variable Date: Ashura (Day of Ashura)
August 15th: National Mourning Day
Variable Date: Janmashtami (Krishna's Birthday)
Variable Date: Mawlid / Eid-e-Milad-un-Nabi (Prophet's Birthday)
Variable Date: Durga Puja – Vijaya Dashami
December 16th: Victory Day
December 25th: Christmas Day
History of the Bangladeshi Taka
The Taka (BDT) has been the official currency of Bangladesh since its independence in 1971. It replaced the Pakistani Rupee following the Liberation War. The word "Taka" is derived from the Sanskrit word "Tanka," historically used to denote currencies in South Asia. The Taka is subdivided into 100 poishas. It is issued by the Bangladesh Bank, which also oversees monetary policy and currency circulation in the country.
Monetary Policy of the Bangladeshi Taka
The Bangladesh Bank is responsible for monetary policy. Its primary objective is price stability, controlling inflation, and supporting economic growth. The BDT operates under a managed exchange rate regime, where the central bank may intervene to stabilize the exchange rate against major currencies. It uses tools such as policy interest rates, reserve requirements, government securities markets, and banking credit regulation to manage the money supply and protect the national economy.
Characteristics of the Bangladeshi Taka
The Bangladeshi Taka (BDT) is not a freely convertible currency globally, which limits its use outside Bangladesh. However, it is accepted throughout the country for daily and commercial transactions. BDT banknotes feature cultural and historical motifs and are protected by modern security features. The banking system in Bangladesh is constantly developing, with strong digital growth and better connectivity to the SWIFT network, enabling reliable and regulated international transfers.