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| Probashi Biniyog |
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BRAC Bank Limited offers 'Probashi Biniyog' – a product that exclusively provides Non-Resident Bangladeshis (NRBs) the opportunity to invest in the Bangladeshi Capital Market through a Beneficiary Owner's (BO) account which will be funded by a Non Resident Investor's Taka Account (NITA). Both BO account and NITA will be held with BRAC Bank Limited. |
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| Features |
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NRBs can invest into the Bangladeshi Capital Market from anywhere in the world |
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Custodian Service will be provided by BRAC Bank |
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100% repatriation of capital, dividend and investment profits |
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NRBs can apply for IPOs as well as buy and sell shares in the Secondary Market through BRAC Bank Limited. They can use e-mail, fax or phone to issue trade orders to BRAC Bank Limited |
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| BRAC Bank Limited will |
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Provide custodial services, i.e. hold your shares/stocks in safe custody |
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Arrange purchases and sales of securities of your choice through its subsidiary, BRAC EPL Stock Brokerage Limited. |
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Collect information on your income from such assets (e.g. dividends) |
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Provide information on the underlying companies and their annual general meetings, manage cash transactions, perform foreign exchange transactions where required and provide regular reporting on all their activities to you |
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Manage funds in NITA and arrange repatriation of all funds including capital gains to your overseas bank account based on your instructions |
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| Eligibility |
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All Bangladeshi nationals (Bangladeshi passport holders) who are working/living abroad can open NITA. Foreign passport holders who are originally from Bangladesh are also eligible to open an account. |
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| Account Operations |
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Only share related transactions are allowed |
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No ATM card or Cheque book will be issued against NITA |
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NITA (Current account – non-interest bearing account) will provide customers the flexibility to remit funds from abroad which will be kept in the account as local currency (BDT) |
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Permissible deposits under NITA |
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- Inward Remittances
- Transfer from FCY account
- Refund Warrants of IPO
- Sale proceeds of shares
- Dividends/Bonus from shares
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| How To Get Started? |
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| In order to avail the Share dealing and custodial services, we will require you to fill out and sign the following: |
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FC Account opening Form (only if you do not already have one) – To remit foreign currency into your account and enjoy NRB quotas while applying for IPOs. |
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NITA (Non-Resident Investor's Taka Account) opening Form – To make financial transactions for purchase and sale of shares in the secondary stock market (that is in Dhaka Stock Exchange). |
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Customer Information Form – To conduct actual trading of shares in the share market. |
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BO Account opening Form – To hold shares that will be purchased by the BRAC Bank Limited on your behalf. |
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BO Account nomination Form – To nominate up to two people to receive any outstanding shares in the event of death. |
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Custodian Agreement – To authorize BRAC Bank Limited as the custodian of your shares. |
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NITA Securities Accounts Services Agreement – To authorize BRAC Bank Limited to carry out your share trading orders and settle all transactions that are required to close deals. |
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| We will require you to send us the hard copies of all the papers/forms along with the following supporting documents: |
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Photocopy of your passport |
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7 copies of passport sized photographs of yourself |
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3 copies of passport sized photographs of nominee (with your signature) |
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Any statement from your employer or a business document if you are involved in business |
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Copy of your resident/work permit or valid visa |
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Proof of Address (utility bill or bank statement) |
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| Please put all forms, agreements and supporting documents in one package and send via courier to the following address: |
ATTENTION: ZARIA ZAREEN
PROBASHI BANKING SERVICE
BRAC BANK LIMITED
1 GULSHAN AVENUE, GULSHAN 1,
DHAKA 1212, BANGLADESH
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 Probashi Biniyog Application Form |
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| NITA & FC Account Opening Form |
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| Guideline for Investment in Capital Market of Bangladesh |
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| Probashi Biniyog Flash Presentation |
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| Schedule of Charges for Probashi Biniyog |
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| For any banking needs please call 24 hour Phone Banking: 01819 230000 or e-mail us at probashi@bracbank.com |
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| We will soon be in touch with you |
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24 Hour Phone Banking