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Resident
Foreign Currency Deposit Account |
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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.
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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.
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Balance in this account can be freely
transferred abroad.
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Funds from this account may also be issued
to the account holder for the purpose of his foreign travels in the usual manner.
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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.
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Requirement for opening of the account
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Account opening form as per format below.
The account opening form and signature card to be filled in and duly signed.
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Two copies of passport size photograph of
the account holder.
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Photocopies of the passport
and the relevant pages showing evidences of travelling abroad.
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