Non-resident Foreign Currency Deposit A/C
Features :
All Non-Resident Bangladesh nationals and persons of Bangladesh Origin including those having dual nationality ordinarily residing abroad may open this account with Sonali Bank PLC. The NFCD account may be opened in single/joint name for a period of 1, 3, 6, 12 months. This account may be maintained as long as account holder desires. On maturity the account holder can encash it in local currency or can transfer the amount including accrued interest anywhere he likes. Initial deposit US$ 1000 or GBP 500 sterling or equivalent currency. The account offers attractive interest. Payable in foreign and tax free. The account with accrued interest can be renewed either of the instruction of the account holder or be renewed automatically if there is no instruction otherwise. No interest is given on premature encashment.
Require Documents :
Account opening form as per format above. The account opening form and signature card to be filled in and duly signed. Two copies passport size photographs of the account holder duly attested by remitter's Bank/Embassies. Photocopy of first 7 pages of the passport duly attested by the remitters bank/exchange companies having drawing arrangement with Sonali Bank PLC or by Bangladesh Embassy abroad.