Non Resident Foreign Currency Deposit (NFCD):

 


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April 27, 2024 05:36:45 pm

USD
TT-Clean 109.5000
TT-Selling 109.5000
OD-Sight: 109.5000
BC-Selling 110.0000
EURO
OD-Sight: 119.4545
BC-Selling 128.5540
TT-Clean 119.4545
POUND
OD-Sight: 138.9103
BC-Selling 144.6560
TT-Clean 138.9103
JPY
BC-Selling 0.8038
TT-Clean 0.7603

Non Resident Foreign Currency Deposit (NFCD)

 Features:

  • This account can be opened from abroad by sending foreign currency through bank and required documents or after returning from abroad temporarily or permanently.
  • Minimum amount to open this account is USD1000/- GBP500/- or equivalent any other foreign currency. For foreign persons / organizations / investors, it is USD25000/- or equivalent any other foreign currency.
  • This account can be opened in USD, GBP, EURO or JPY for a period of 1/3/6/12 months which is renewable.

 Eligibility:

This is a foreign currency denominated account. Non-resident Bangladesh nationals residing and working abroad, Bangladeshi residing abroad and having dual citizenship, Bangladesh nationals working in Bangladesh Mission abroad and regular officials of any government / autonomous organizations, state owned banks posted abroad or other legitimate international organizations are eligible to open NFCD account.

 Requirements for opening NFCD Account:

  • Two copies of recent passport size photograph
  • Photocopy of passport
  • Citizenship certificate
  • Salary certificate or employer’s certificate
  • Other related documents required for opening this type of account.

 Facilities:

  • Deposited foreign currency can be encashed in BDT.
  • Foreign currency can be sent abroad through bank.
  • Foreign currency can be taken with while going abroad.
  • Applicable interest can be earned on deposited amount of related foreign currency.
  • Interest earned against this account is tax free.

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