Resident Foreign Currency Deposit (RFCD)

 


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March 6, 2026 04:36:01 am

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Resident Foreign Currency Deposit (RFCD)

Features:

  • This is a foreign currency denominated account.
  • Persons ordinarily resident in Bangladesh can open this account with the foreign currency they bring back with them from abroad.

 Eligibility:

Persons ordinarily resident in Bangladesh can open and maintain RFCD account in the form of savings nature with foreign currency brought in at the time of their return from abroad.

 Requirements for opening RFCD Account:

  • Two copies of recent passport size photograph
  • Photocopy of passport
  • Salary certificate or employer’s certificate
  • For the Officers of Different Embassy they need not submit all these documents but the Employers certificate is must.
  • 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.

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