» Who are Eligible:
(a) Bangladeshis residing/working abroad
(b) Bangladeshis having dual nationality residing abroad
(c) Bangladesh nationals serving with missions of Bangladesh in foreign countries
(d) officers/staff of the government/semi-government organizations /nationalized banks and employees of body corporate posted abroad or deputed with international and egional agencies against foreign currency remitted through banking channel or brought in cash.
» Initial deposit: Generally USD1000 or GBP500 or equivalent. For the Foreign nationals,
companies/firms registered and/or incorporated abroad, other financial institutions including
institutional investors abroad and Type-A units in EPZ USD 25,000 or equivalent.
» Account Nature: As term deposits maturing after 1/3/6/12 months, can be maintained in US
Dollar (USD), Great Britain Pound (GBP), Euro (EUR) or Japanese Yen (JPY).
» What to deposit: Remittances sent from abroad through banking channel, fund sent from
private FC accounts, proceeds of convertible foreign exchange viz. currency notes, TC, drafts etc.
brought into Bangladesh by the account holders while on visit to Bangladesh may be deposited
to such accounts.
» Deposit balance may be used: NFCD may be sent abroad through banking channel, encash to
Bangladesh Taka for local disbursements or currency notes, TCs & cards while proceeding
» Profit: At the Euro-currency deposit rates, profit is exempted from the tax payable. In case of
premature repayments, the principal can be withdrawn while profit amount will be forfeited to
the depositing AD.
» A/C Opening Requirements: 2 copies of recent PP size Photograph, Photocopy of Passport,
Citizenship certificate (if available), Certificate or approval from our authority for exporting
manpower, Nomination of Nominee.