The decision was conveyed to all the private universities through a letter sent to their registrars.
The letter signed by UGC Director (Private University) Dr Md Fakhrul Islam was sent to all private university registrars on February 2.
At present, private universities are giving sitting allowances for syndicate, finance committee, academic council and recruitment committee meetings at different rates.
The UGC has fixed the sitting allowance at Tk 4,000-10,000 for a syndicate meeting while Tk 3,500-8,000 for a finance committee and Tk 3,000-6,000 for an academic council and recruitment committee meeting.
Members from outside will get the transport allowance, it said.
All private universities were requested to follow the decision properly as per the Private University Act-2010.
Out of total 105 private universities, 96 are currently running their academic activities in the country.