BB allows opening deposit accounts for NRBs
Published: 11:16 PM, 9 August 2020
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.