Resident Foreign Currency Deposit Account

• Persons ordinarily resident in Bangladesh may open and maintain RFCD Account with foreign exchange brought in at the time of his return from travel abroad.

• Any amount brought in with declaration  to customs authorities in the form FMJ and upto US$ 5000 brought in without any declaration can be deposited in this account.

• Balance in this account can be freely transferred abroad.

• Funds from this account may also be issued to the account holder for the purpose of his foreign travels in the usual manner.

• Interest in foreign currency is paid in this account if the deposits are for a term of not less than one month and the balance is not less than US$ 1000 or GBP 500 or its equivalent.

  Requirement for opening of the account

• Account opening form as per format below. The account opening form and signature card to be filled in and duly signed.

• Two copies of passport size photograph of the account holder.

• Photocopies of the passport  and the relevant pages showing evidences of travelling abroad.