RESIDENT FOREIGN CURRENCY ACCOUNT (RFCD)


» Who are Eligible: Persons ordinarily resident in Bangladesh may open with foreign exchange brought in at the time of their return from travel abroad.
» Time Bar of Opening A/C: Any time after return to Bangladesh. However, upto USD 5000 or equivalent can be deposited any time after return from abroad while amount exceeding USD 5000 or equivalent (with declaration to customs authority in FMJ Form ) can be deposited within one month of return from abroad.
» What to deposit: Foreign exchange brought in from abroad in the forms of notes, coins, TCs, draft, etc. can be deposited only to such account.
» Deposit balance may be used: Balance of NFCD accounts may be sent abroad through banking channel, encash to BDT for local disbursements or currency notes, TCs & cards while proceeding abroad.
» Interest: These accounts are interest bearing.
» A/C Opening Requirements: 2 copies recent PP size Photograph, Photocopy of Passport, Photocopy of work permit, salary certificate or employer’s certificate.
Download Foreign Currency Account Opening Form
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