Personal Account Opening Criteria

Eligibility

• Non-resident Bangladeshi nationals
• Bangladeshi origin foreign nationals
• Resident Bangladeshi individuals’ relations with non-residents
• Foreign nationals
• Age 18 and above

Key features

• Account can be opened in USD/EUR/GBP
• Fund to be credited by inward remittances received through banking channels only
• Foreign currency deposited in this account is freely convertible into Taka
• Deposited foreign currency is freely remittable to abroad through a banking channel
• There are many banking facilities available
• Balance of these accounts are exempted from any Tax, Excise duty and Levy
• Balance held in the deposit account can be transferred to the on-shore bank accounts for meeting necessary payment and various investments
• Making outward remittances of the balance amount including interest/profit as and when necessary

Non-Personal/Corporate Account Opening Criteria

Eligibility

• Corporate Entities including type A, B, C and industrial enterprises operating in special economic zones having bonafide relations with non-residents.
• Companies/Firms registered & Operated in abroad
• Foreign Institutional Investor & Custodian may open the account
• The account can be opened by any entity outside of Bangladesh

Key features

• Account can be opened in USD/EUR/GBP
• Fund to be credited by inward remittances received through banking channels only
• The interest is calculated on the outstanding balance on a daily basis
• Foreign currency deposited in this account is freely convertible into Taka
• Deposited foreign currency is freely remittable to abroad through a banking channel
• Balance of these accounts are exempted from any Tax, Excise duty and levy
• Balance held in the deposit account can be transferred to the on-shore bank accounts for meeting necessary payment and various investments
• Making outward remittances of the balance amount including interest/profit as and when necessary
• Off-shore/Onshore transfers and Outward remittances will be allowed for payment & investments.

Interest Rate

• Attractive interest rates up to 8.45% on FC Term Deposits *
• *condition applied