Uttara Bank PLC.
Uttara Bank PLC.

Investment facilities through Bonds

 

Non Resident Bangladeshis have opportunities to invest their money in different bonds like Wage Earners’ Development Bond, U.S. Dollar Premium Bond and U.S. Dollar Investment Bond to earn attractive profit.

 

Wage Earners’ Development Bond (WEDB):

 

  • Expatriate Bangladeshi people can send the foreign currency earned abroad and invest the same in BDT in Wage Earners’ Development Bond.
  • Maturity period for this type of bond is 5 (five) years.
  • This Bond can be purchased for value of Tk.25,000/-, Tk.50,000/-, Tk.1,00,000/-, Tk.2,00,000/-, Tk.5,00,000/-, Tk.10,00,000/-, Tk.50,00,000/-.
  • Interest rate as prescribed by the government is provided to this renewable Bond. Interest earned against this Bond is tax free.
  • Principal amount of this investment is openly repatriable.

 

The U.S. Dollar Premium Bond:

 

  • Authorized Dealer branches of our bank facilitate Bangladesh Government Savings Bond issued in equivalent U.S. Dollar against the foreign exchange remitted by the Wage Earners.
  • This Bond can be purchased for value of USD500/-, USD1,000/-, USD5,000/-,  USD10,000/-  and  USD50,000/-.
  • Maturity period of this type of bond is 3(three) years.
  • Interest Rate for this type of bond is 7.5% on Maturity (in US Dollar). At the end of 1st year the interest rate is 6.5% in case of premature encashment. At the end of 2nd year it is 7.0%. No interest is payable, if it is encashed before 1 year from the date of issue.
  • Bangladeshi Nationals residing abroad and Bangladeshi origin Foreign Nationals residing abroad are the eligible purchasers.

 

The U.S. Dollar Investment Bond:

 

  • Authorized Dealer branches of our bank facilitate Bangladesh Government Savings Bond issued in equivalent U.S. Dollar against the foreign exchange remitted by the Wage Earners.
  • This Bond can be purchased for value of USD500/-,  USD1,000/-,  USD5,000/-,  USD10,000/-  and  USD50,000/-.
  • Maturity period of this type of bond is 3(three) years.
  • Interest Rate for this type of bond is 6.5% on Maturity (in US Dollar). At the end of 1st year the interest rate is 5.5% in case of premature encashment. At the end of 2nd year it is 6.0%. No interest is payable if it is encashed before 1 year from the date of issue.
  • Bangladeshi Nationals residing abroad and Bangladeshi origin Foreign Nationals residing abroad are the eligible purchasers.