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Bangladesh Bank asks banks to open deposit accounts for NRBs

Published : Sunday, 9 August, 2020 at 7:11 PM  Count : 237
Observer Online News Desk

Bangladesh Bank asks banks to open deposit accounts for NRBs

Bangladesh Bank asks banks to open deposit accounts for NRBs



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 Sunday.





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

SZA

Related Topics

Bangladesh Bank   deposit accounts for NRBs  




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