The UN has described the exodus as the world's fastest-developing refugee emergency, slamming Buddhist-majority Myanmar for engaging in ethnic cleansing against its Rohingya Muslim minority.
Bangladesh will build a single, enormous refugee camp to house around 800,000 Rohingya refugees as a Bangladeshi minister warned his country was struggling to deal with the flood across the border.
Myanmar's military have blamed the unrest on the Rohingya.
Rights groups say more than half of more than 400 Rohingya villages in the north of Rakhine State have been torched in a campaign by the security forces and Buddhist vigilantes to drive out Muslims, Reuters reported.
Prior to the Monday talks in Dhaka, Bangladeshi Prime Minister Sheikh Hasina had demanded an immediate end to violence and safe passage in Myanmar for the refugees to return to their ancestral homes.
He further said the United Nations had "substantial capacity" in Myanmar, which can be swiftly deployed to northern Rakhine once clearance is granted by local authorities.
India had also called for implementation of the Kofi Annan Commission recommendations as a solution to the crisis.
The stress on Bangladesh has been increasing as the inflow of refugees continues even after nearly more than 40 days after the first instance of violence on 25 August.
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Aid agencies are warning of acute shortages of food for the exhausted, hungry and weak refugees arriving in Cox's Bazar, which could soon lead to widespread malnutrition, IOM said.
Earlier this week, the United Nations warned of the enormous pressure to accommodate refugees who have fled to neighbouring Bangladesh, in an appeal for $430 million to provide aid for those displaced.
Health experts have also voiced alarm that conditions in the grossly deficient camps are ripe for disease outbreaks such as cholera.
The attacks prompted a vicious response by Myanmar's authorities, resulting in clashes and death of hundreds of Rohingya, while hundreds of thousands have fled the conflict area.
Under that agreement almost a quarter of a million people were repatriated from Bangladesh to Myanmar between the early 1990s and 2005, he said.
Three groups of diplomats were taken to three different areas on Monday, said Ye Htut, district administrator of Maungdaw in Rakhine.
On reports of mass graves of Hindus found in the violence-hit region, Haque said, "This is part of ethnic cleansing".
A previous controlled tour for diplomats scheduled for last week was abruptly canceled.