Transferring funds to on-shore bank accounts for necessary payments, settle liabilities and various investments.
Making outward remittances in favour of remittance senders.
Type of A/Cs:
Al-Wadiah FC Account.
Mudaraba Term Deposit: 03/06/12 months or 02/03/04/05 years
Eligibility of the persons/firms
Resident Bangladeshi individuals and corporate entities including Type-A, Type-B, and Type-C industrial enterprises operating in EPZs/EZs/HTPs can open and operate an International Banking Account as a facilitator of non-resident remitters.
Currency of the A/Cs:
Account may be opened in USD, EUR, GBP, YEN and CNY;
Required documents for opening A/Cs:
Individual Account:
Account Opening Form to be duly filled in and signed by applicant.
Photocopy of valid NID/ Passport / Driving License.
Two copies passport size photographs of Applicant- self attested;
One copy of photograph and copy of NID of Nominee (attested by the Applicant)
Proprietorship Account:
Account Opening Form to be duly filled in and signed by applicant.
Photocopy of valid NID/ Passport / Driving License.
Two copies passport size photographs of applicant.
Copy of the updated trade license.
Partnership Account:
Account Opening Form to be duly filled in and signed by applicants.
Two copies passport size photographs of applicants.
Photocopy of valid NID/ Passport / Driving License.
Copy of the partnership deed of the firm.
Copy of the updated trade license.
Copy of the firm’s certificate of registration (If registered)
All applicants must fill the individual information form.
Limited Company:
Account Opening Form to be duly filled in and signed by applicants.
Two copies passport size photographs of each applicant.
Photocopy of valid NID/ Passport / Driving License.
Copy of Certificate of Incorporation.
Copy of Memorandum and Articles of Association.
Copy of Letter Commencement of Business. (For PLC)
Board resolution of the Firms/Company, in case account is opened in the name of Firm/ Company,
Copy of the updated trade license.
Copy of Form-XII and Schedule-X.
Minimum Balance & Profit rate:
For Al-Wadiah Current Account Minimum Balance: USD 1000 or equivalent FC.
No profit will be applicable.
For Mudaraba Term Deposit Minimum Balance: USD 3000 or equivalent FC.
Provisional profit rate will be declared by the bank from time to time but within ceiling given by Bangladesh Bank;
Period of deposit
Ceiling on Profit rate
03 months/ 06 months /12 months
1.5%+benchmark rate
02 years/ 03 years
2.25% +benchmark rate
04 years / 05 years
3.25%+benchmark rate
Maintenance Fee:
no fee applicable
TAX & Excise Duty:
not applicable
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