Saturday, April 12, 2008

Non-Residence Foreign Currency (NFCD) Account:

Non-Residence Bangladeshi earning foreign currency abroad can open NFCD A/C through his FC A/C maintained with a authorized dealing branch in Bangladesh. It is a kind of deposit for a fixed tenor and the financial institutions are providing interest on the account as per prescribed rate. Following documents are required for the said account.
  • Account opening form to be filled in with relevant information
  • Photograph two copy duly attested
  • Nomination form with a photograph attested by the A/c holder
  • Photocopy of passport as required by the bank
The beneficiary can take the money back in his name in foreign currency to his account abroad. Therefore, no permission is required to take the money back.

1 comment:

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