Dhaka Wednesday, September 30, 2020

BB allows opening deposit accounts

2020-08-09 19:15:57 BdST

2020-09-30 15:50:24 BdST

Published: 2020-08-09 19:15:57 BdST

Business Live: Bangladesh Bank (BB) has asked scheduled banks to open deposit accounts for non-resident Bangladeshis (NRBs) to encourage them, who are working abroad, in saving their hard-earned money in Bangladesh.

“The deposit accounts in the name of NRBs may be opened in the form of savings for a period of one year and above. The accounts may also be opened without initial installment for the persons proceeding abroad for employment,” as per a BB circular issued today.

Besides, the deposit accounts will be credited in the local currency –Bangladesh Taka (BDT) – after conversion of foreign currency properly, it added.

Dhaka, 09 August (campuslive24.com)//MI


Share Your Valuable Comments: