Bangladeshi nationality residing abroad are interested to invest money for better return can open account in any bank in Bangladesh to buy land and share/securities or to deposit money for a fixed term.
The return of fixed deposit in the present market approximately are as follows:
Rate of interest for one month : at the rate of 8% per annum
Rate of interest for three months : at the rate of 11% per annum
Rate of interest for six months : at the rate of 11.50% per annum
rate of interest for twelve months : at the rate of 11.75% per annum
It may be mentioned here that on maturity 10% Tax on Interest will be deducted including Excise Duty as prescribed by the appropriate authority as per their regulation.
For buying a flat or a land you can chose the following procedure to make the transactions transparent as your earnings is genuine.
The return of fixed deposit in the present market approximately are as follows:
Rate of interest for one month : at the rate of 8% per annum
Rate of interest for three months : at the rate of 11% per annum
Rate of interest for six months : at the rate of 11.50% per annum
rate of interest for twelve months : at the rate of 11.75% per annum
It may be mentioned here that on maturity 10% Tax on Interest will be deducted including Excise Duty as prescribed by the appropriate authority as per their regulation.
For buying a flat or a land you can chose the following procedure to make the transactions transparent as your earnings is genuine.
- You need to open a account (SB/F/C) first with a schedule bank in Bangladesh
- Remit fund to this account through banking channel
- Provide cheques to the vendor duly signed by you for your equal monthly installment
- Intimate the bank regarding your transactions to honour those cheques
- Intimate the bank regarding the vendor from whom you are going to buy land/flat
1 comment:
Hi, I've got plenty of questions to akk you regarding foreign investment in Bangladesh. Is there anyway I could speak to you over the phone? If you can, please call me at 01930005000.
Thank!
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