Probashi Kallayan Bank (PKB) – প্রবাসী কল্যাণ ব্যাংক (পিকেবি) is a state-owned bank in Bangladesh and a specialized financial institution dedicated to serving non-resident Bangladeshis (NRBs). The bank was established in 2010 by the Government of Bangladesh to provide financial services to overseas Bangladeshis. PKB started its operations with an initial capital of 1 billion taka, of which 95% came from the Wage Earners’ Welfare Fund, while the remaining 5% was contributed by the Government of Bangladesh.
In 2021, the Expatriates’ Welfare Minister announced plans to establish branches of Probashi Kallyan Bank (PKB) in every Upazila across Bangladesh. In August 2021, PKB signed an agreement with NCC Bank to facilitate remittance disbursement. Additionally, in June 2022, PKB established a currency exchange booth at Hazrat Shahjalal International Airport to further support expatriate workers. PKB plays a crucial role in enhancing financial inclusion for expatriate workers and ensuring that their contributions benefit both their families and the national economy.
See also:
❏ Banks in Bangladesh
Probashi Kallayan Bank (PKB) at a glance: | |
| Bank Name | Probashi Kallayan Bank (PKB) – প্রবাসী কল্যাণ ব্যাংক (পিকেবি) |
| Logo |  |
| Legal Status | Public Limited Company |
| Established | 2010 |
| Type | Public Bank |
| Category | Commercial Bank |
| Origin | Local Bank |
| No. of Branches | 120 |
| Authorized Capital | Tk. 5,000.00 million |
| Paid up Capital | Tk. 4,000.00 million |
| Address | Probashi Kallyan Bhaban, 71-72 Eskaton Garden Road, Eskaton, Dhaka-1000, Bangladesh |
| Call Center | +88-02-48322873 |
| Telephone | +88-02-48321979 |
| info@pkb.gov.bd | |
| Website | www.pkb.gov.bd |
| Service Hours | Business day (Sun ~ Thu) 10:00 am ~ 4:00 pm * (Fri ~ Sat) Closed |
| Services |
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Overview of Probashi Kalyan Bank (PKB):
Probashi Kallayan Bank (PKB) – প্রবাসী কল্যাণ ব্যাংক (পিকেবি) is a state-owned specialized financial institution established under the Probashi Kallyan Bank Act-2010 with the aim of contributing to the country’s economy by increasing remittance inflows while ensuring the overall welfare of expatriate Bangladeshis. The bank was founded in 2011 and was officially listed as a scheduled specialized bank on July 30, 2018.
PKB began its operations with an initial capital of 1 billion taka, of which 95% came from the Expatriate Workers’ Welfare Fund and the remaining 5% was contributed by the Government of Bangladesh. As of March 2021, the bank’s authorized capital stood at 5,000 million taka, while its paid-up capital reached 4,450 million taka. Notably, in 2020, the paid-up capital was 4,000 million taka. The bank’s head office is located in Eskaton, Dhaka.
Since its establishment, Probashi Kallyan Bank (PKB) has provided migration loans to hundreds of thousands of overseas workers. The bank approves migration loans within just three days. Additionally, a significant number of workers who have returned from abroad have received employment assistance through rehabilitation loans. Probashi Kallyan Bank operates through 120 branches across various districts in Bangladesh. The bank collects registration fees, smart card fees, and wage earners’ welfare fees from approximately 2,000 workers preparing to go abroad each day through its 120 branches, including the main branch.
PKB launched its online banking services in January 2014. Due to the limitations of existing banking systems, many expatriate workers resort to illegal channels for transferring money. To ensure fast, accurate, and professional financial services for migrants and to increase remittance inflows, PKB is in the process of introducing limited commercial banking activities. To further support migrant workers, a help desk has been set up at Hazrat Shahjalal International Airport to assist both departing and returning workers.
History of Probashi Kallayan Bank (PKB):
Probashi Kallayan Bank (PKB) – প্রবাসী কল্যাণ ব্যাংক (পিকেবি) is a state-owned specialized scheduled bank in the financial sector of Bangladesh. It was established in 2011 under the Probashi Kallyan Ain 2010 to coordinate welfare activities for expatriate Bangladeshis and facilitate intra-transaction services for remittances.
The bank was incorporated as a public limited company in 2018. As of March 2021, the authorized and paid-up capital of the bank stood at 5,000 million and 4,450 million taka, respectively. Notably, until 2020, the paid-up capital of the bank was 4,000 million taka. The management of the bank is overseen by a 14-member Board of Directors.
Probashi Kallyan Bank (PKB) established to support the financial needs of expatriate Bangladeshis. In 2010, the Government of Bangladesh passed the Probashi Kallyan Bank Act-2010 to create a dedicated financial institution for non-resident Bangladeshis (NRBs). In 2011, PKB officially commenced operations with an initial capital of 1 billion taka, of which 95% was sourced from the Wage Earners’ Welfare Fund and 5% from the Government of Bangladesh.
In 2014, the bank launched online banking services to facilitate transactions for expatriates. In 2018, PKB was officially listed as a scheduled specialized bank, allowing it to expand its banking operations. In 2021, the Expatriates’ Welfare Minister announced plans to establish PKB branches in every Upazila across Bangladesh. PKB signed an agreement with NCC Bank in August 2021 to enhance remittance disbursement services. In 2022, the bank set up a currency exchange booth at Hazrat Shahjalal International Airport to assist expatriate workers with currency conversion.
PKB continues to play a vital role in increasing financial inclusion for migrant workers, ensuring safe and efficient remittance transfers, and supporting returnee migrants with financial rehabilitation and investment opportunities.
Services Offered by Probashi Kallayan Bank (PKB):
Probashi Kallyan Bank (PKB) provides specialized financial services to non-resident Bangladeshis (NRBs) and their families. The bank focuses on facilitating remittance flows, supporting migrant workers, and promoting financial inclusion.
1. Migration Loans
- Provides low-interest loans to potential migrant workers to cover their migration costs, including visa processing, airfare, and initial settlement expenses.
- Loan approval is processed within three days to ensure quick financial assistance.
2. Rehabilitation Loans
- Offers financial assistance to returning migrant workers to help them start small businesses or reintegrate into the economy.
- Encourages entrepreneurship among returnee expatriates.
3. Remittance Services
- Facilitates safe and efficient remittance transfers for expatriates.
- Partnered with NCC Bank in 2021 to enhance remittance disbursement services.
4. Savings and Investment Schemes
- Special deposit accounts designed for non-resident Bangladeshis (NRBs).
- Fixed deposit schemes with attractive interest rates to encourage savings.
5. Online Banking Services
- Launched in January 2014 to provide expatriates with easy access to banking services.
- Enables account management, fund transfers, and remittance tracking online.
6. Collection of Government Fees
- Collects registration fees, smart card fees, and wage earners’ welfare fees from workers preparing to go abroad.
- Processes fees for approximately 2,000 migrant workers daily through 120 branches.
7. Currency Exchange Services
- Established a currency exchange booth at Hazrat Shahjalal International Airport in June 2022 to assist migrant workers.
8. Airport Help Desk for Migrant Workers
- Provides assistance to departing and returning migrant workers at Hazrat Shahjalal International Airport.
9. Expansion of Banking Services
- PKB is working towards launching limited commercial banking activities to provide faster and more professional financial services for migrants.
- Future plans include expanding branches to every Upazila in Bangladesh.
PKB continues to evolve to meet the financial needs of expatriates and ensure that their contributions benefit both their families and the national economy.
Contact
Probashi Kallyan Bank (PKB), Head Office: Probashi Kallyan Bhaban, 71-72 Eskaton Garden Road, Eskaton, Dhaka-1000, Bangladesh or contact any Branch of the Bank
✆ Call Center: +88-02-48322873
Telephone: +88-02-48321979
Email: info@pkb.gov.bd
Website: www.pkb.gov.bd
Probashi Kallyan Bank (PKB)
About Probashi Kallyan Bank (PKB)