Non-Resident Foreign Currency (NFCD) Account
Non-Resident Foreign Currency Deposit (NFCD) Account is an interest bearing foreign currency account. Bangladeshi nationals staying in another country and earning foreign currencies or after their return to Bangladesh within last six months can open NFCD Account. Minimum amount required to open is USD 1000 or GBP 500 or equivalent currency in Euro.
- A term deposit account in the form of foreign currency
- Open in the form of USD, GBP & EURO.
- Flexible tenor of 1 / 3 / 6 & 12 Months.
- Interest on deposit of NFCD account is exempted from the tax payable under the Income Tax Act.