BB allows opening deposit accounts for NRBs

BB allows opening deposit accounts for NRBs

Economy Deskdaily-bangladesh.com

Published: 23:16 9 August 2020  

File Photo

File Photo

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 the conversion of foreign currency properly, it added.

 

Source: BSS

DailyBangladesh/EKD