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US Dollar Investment Bond
US Dollar Investment Bond is a product designed by Bangladesh Central bank for Bangladeshi national living abroad. The objective of this product is to encourage the NRBs to invest their hard earned money to purchase bonds on which the government guarantees a secure and tax free income with a stable and lucrative interest rate.
Features & Benefits
This bond can be issued in the denomination of US $500, $1000, $5000, $10,000 and $50,000.
Can be purchased of any amount in multiples of US $500 without a maximum limit.
The interest rate is 6.5 % per annum payable on half-yearly basis in U.S. Dollar
The tenure is three years
The interest is payable in US Dollars
Auto renewal option available
Can be used as security for any loan
Tax exemption on the principal and interest amount
The principal and interest will be payable in US Dollar
Investors of one Million US Dollar and above shall be treated as CIP
Death risk benefit up to 15% to 25% of investment
Principal and interest can be repatriated in the foreign country.
Apply Eligibility
Wage earners serving abroad
In the name of any other person named in Wage earners application
Government employees working abroad
The Bond may be issued in the name of a holder of a nonresident account against remittances from abroad to the account
Required Documents
The purchaser must have a FC account with the Bank
The purchaser must have the photocopy of the relevant pages of the passport where the purchaser's name, date of birth, date and place of issue; expiry date, photograph and signature appear
Address Proof of the Bond Holder in abroad.
2 Copy of passport size photographs of the Applicant& 1copy for the Nominee with the signature of the Applicant on the back.
Valid work permit /proof of employment of the Applicant abroad
For more information please here.
For any banking needs please call 24 Hour Call Center 16221 or e-mail us at probashi@bracbank.com
We will soon be in touch with you
16221 +880 2 55668056 (Overseas Callers)
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