Expatriate Bangladeshi Nationals and persons of Bangladeshi origin including those having dual nationality may open Non- Resident Foreign Currency Deposit Account with any authorized dealer branch of Janata Bank Limited in Bangladesh for a period of one month, three months, six months or twelve months on renewable basis by depositing minimum US Dollar 1000/- or Pound Sterling 500/- . The eligible person may open this account at any time on their return to Bangladesh.

Interest on NFCD Account is applicable on the basis of Euro currency interest rate which is tax free in Bangladesh. Principal amount including accrued interest is convertible in local currency as well as repatriable to the account holder abroad . This account may be maintained as long as the account holder desires.

NFCD Account opening Forms are available with authorized dealer branches of Janata Bank Limited in Bangladesh and Embassy/ High Commission Offices of Bangladesh abroad.

Rules/Procedures for Opening NFCD Account

• Application in plain paper to the Manager of concern Authorized Dealer branches of Janata Bank Limited.
• Signature of the applicant verified by an official of Bangladesh Embassy /High Commission abroad or Notary Public of the country where the applicant resides and photocopy of the pages of passport containing specimen signature of the applicant where Janata Bank Limited branches or representative offices are not available. FC Account may also be opened through our 4 (four) UAE branches and 2 (two) branches of Janata Exchange Co. Italy.
• Photocopy of passport attested by officials of Embassy / High Commission Office of Bangladesh abroad or our branch officials.
• Two copies of passport size photographs.
• Letter of authority for handover of NFCD Receipt

Persons ordinarily resident in Bangladesh may open RFCD Accounts with the foreign currencies brought in at the time of their return from abroad. This account may be opened with any authorized dealer branches of Janata Bank Limited in US Dollar and Pound Sterling. Interest is payable if the deposit is maintained for a term of not less than one month and the balance is not less than US Dollar 1000/- and Pound Sterling 500/-. RFCD account may be maintained as long as the account holder desires. Balances of such accounts are repatriable abroad.

Expatriate Bangladeshis may invest their hard earned money in the Stock Exchange for purchase of Bangladeshi shares and securities. For this purpose, the expatriates may open NITA account with any authorized dealer branches of Janata Bank Limited. Divident earned from shares/securities is tax-free in Bangladesh. Balance of NITA account is repatriable abroad at the prevailing rate of exchange. NITA account may be operated by the nominee. The account holders may nominate Janata Bank Limited to act as nominee also.

Expatriate Bangladeshi Wage Earners may invest their hard earnings in five years WEDB on renewable basis for denomination of Taka 25,000/-, Taka 50,000/-, Taka 100,000/-,Taka 200,000/-, and Taka 500,000/- or any multiple of these amounts at attractive rate (Present rate 12.00% (with effect from 1st July 2010) compoundable in every six months) of interest and the accrued interest is tax free in Bangladesh.

• Principal amount of WEDB is repatriable to the bond holder abroad at the prevailing rate of exchange.
• WEDB facilities are available in authorised dealer branches of Janata Bank Limited in Bangladesh and in our four UAE branches.
Moreover, we have correspondent relationship with banks & exchange houses almost all over the world.

The Government of the People's Republic of Bangladesh has introduced US Dollar Investment Bond and US Dollar Premium Bond to facilitate investment of hard -earned foreign currency by the non-resident Bangladeshis.

Eligibility to purchase these Bonds

Non-resident Bangladeshis are eligible to purchase US Dollar Investment Bond and US Dollar Premium Bond with the foreign currency sent to his F. C. account or with the cheque/draft in foreign currency (after collection of cheque/draft).

Facilities of US Dollar Investment Bond :

1. i) Period : 3(three) years.
2. Rate of Interest :
   1. On completion of 3 years (full term) -6.5%
   2. On completion of 2 years - 6%
   3. On completion of 1 year - 5.5%
   4. No interest before completion of 1 year.
3. Repayment of interest on 6(six) months basis.
4. Interest is payable in US Dollar. Interest and Principal amount are also repayable in Bangladesh Taka at the request of the purchaser of bonds.
5. Both Principal amount and interest are repatriable

Facilities of US Dollar Premium Bond :

1. i) Period : 3(three) years.
2. Rate of Interest :
   1. On completion of 3 years (full term) -7.5%
   2. On completion of 2 years - 7%
   3. On completion of 1 year - 6.5%
   4. No interest before completion of 1 year.
3. Repayment of interest on 6(six) months basis.
4. Interest is payable in Bangladesh Taka only. Principal amount is also repayable in Bangladesh Taka at the request of the purchaser.
5. Death-risk-benefit for purchase of Premium Bonds at least USD.10,000/- at the first instance and increase investment subsequently will qualify for a free death-risk-benefit @15% to 25% on fulfillment of certain terms and conditions. Not exceeded Tk. 20,00,000/=
6. Principal amount is repatriable

Common facilities of both USD Investment and Premium Bonds:

1. Period : 3 years
2. Interest is payable on 6 months basis.
3. Principal amount is repatriable abroad.
4. Both interest and principal amount is income tax free in Bangladesh.
5. "CIP" facility to the purchaser of Bonds for USD.1,000,000/-(One million).
6. Duplicate Bond will be issued in case of lost, stolen and destroy of original Bonds.
7. Non-resident Bangladeshis may purchase Bonds for any amount in multiply of USD.500/-.

Special Information:

Investment in US Dollar Premium Bond and US Dollar Investment Bond is more profitable than investment of funds abroad as rate of interest in these Bonds is higher with compare to other investments. Expatriate Bangladeshis are requested to invest their hard-earned foreign currencies in 3 years US Dollar Premium Bond and US Dollar Investment Bonds.

For detail information, the expatriates may contact Bangladesh Embassy/High Commission/Consulate Office abroad or Janata Bank Limited Branches in Abu Dhabi(E-mail: jbadas@emirates.net.ae), Dubai (E-mail jbdxbb@emirates.net.ae), Sharjah(E-mail: jbshj@emirates.net.ae), Al-Ain(E-mail: jbaln@emirates.net.ae) in UAE and Janata Exchange Company s.r.l.Italy(E-mail:janataexchange@libero.it) or at the address stated below