EBL RFCD Account

EBL RFCD is a Deposit account for resident Bangladeshis which can be opened with foreign exchange brought at the time of their return from abroad. Only Resident Bangladeshies can open this account.

Eligibility

  • Persons resident in Bangladesh may open RFCD account with foreign exchange brought in at the time of their return from abroad.
  • Age 18+

Minimum Initial Deposit

  • Minimum Initial Deposit

Required Documents

  • Completed application form
  • A written declaration from the depositor mentioning the date of return from abroad and the amount of foreign exchange brought in
  • FMJ form if the deposit amount is greater than USD 5,000.
  • Copy of Bangladeshi passport with immigration arrival stamp in passport Standard account opening documentation.

Joint Applicant

  • Not allowed

Features

  • Interest bearing deposit account
  • Account can be opened in USD, GBP & EURO
  • Foreign currency deposited in this account is freely convertible into Taka.
  • Deposited foreign currency may easily be sent abroad through banking channel.
  • Funds can be withdrawn locally in local currency.
  • No inward remittance is allowed into this type of account
  • Up to US$ 5000/= or its equivalent may be deposited in this account at any time after return to Bangladesh.
  • Amount in excess of US$5000/= or its equivalent brought in with declaration to customs authority in FMJ Form should be deposited in this account within 30 days of arrival.
  • Interest will be payable if EOD balance is above USD 1,000 or GBP 500.
  • No ledger fee

International Card

Required Documents for Account Opening

  • Completed and Signed Account Opening Form
  • Recent Passport Size Photo of Applicant
  • Copy of Valid Passport, with Arrival Seal from Abroad.
  • Nominee’s Photo ID and Recent Passport Size Photo (attested by Applicant)
  • Copy of Recent Utility Bill-Gas/Electricity/WASA/Telephone
  • Copy of TIN (Optional)

 

 

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Deposit Rates

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