US Dollar Investment Bond


Introduction

US Dollar Investment Bond is a product offered by Bangladesh Central Bank for the Non Resident Bangladeshis (NRBs) to invest their hard earned money for earning a safe and tax free income with the assurance of a very steady and lucrative interest rate.

Features and 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% (Up to BDT 2,000,000) of investment.

  • Principal and interest can be repatriated in the foreign country.

Applicable Interest Rate

The slabs of the interest rates to be applied are as follows:

Tenure

Applicable Interest Rate

Before 1 year from the date of issue

No Interest

Completion of 1 Year

05.50%

Completion of 2 years

06.00%

Completion of 3 years

06.50%


(Interest rate might be reset periodically upon review by Bangladesh Bank)

Required Documents for purchasing Bonds

  • The purchaser must have a photocopy of the relevant pages of the passport with the purchasers name, date of birth, date and place of issue; expiry date, photograph and signature appear (In case of foreign passport holders including the page where it appears “NO VISA REQUIRED TO TRAVEL TO BANGLADESH” )
  • 02 Copy passport sized photographs of the Bond Holder & 2 copy for the Nominee
  • Income source proof documents of the purchaser
  • 03 Copies of Mandate holder photographs, with A/c holder’s signature on the back
  • Duly filled out and signed Mandate holder application
  • Duly Filled out Application for Bonds
  • Duly filled out debit Instruction Form
  • The purchaser must have a FC account for any kind of bond
  • The purchaser of Wage Earner Development & US Dollar Investment Bond must have to maintain a MDB Probashi Savings along with FC account

Steps: US Dollar Investment Bond

  • Step 2: Please fill up the required information and put your sign on it.
  • Step 3: Attach the required documents.
  • Step 4: Please Send the Bond opening Form and required documents through international postal mail to the following address:


  • Midland Bank NRB Banking Services
    Head Office Annex
    Zahed Plaza (Level 10)
    30 Gulshan Avenue
    Gulshan 2, Dhaka 1212
    Bangladesh



    For any clarifications, please e-mail at nrb.banking@midlandbankbd.net

Frequently Asked Questions (FAQs)

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For details, please feel free to contact any of our MDB NRB Service, Head Office

Download Forms

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For details, please feel free to contact any of our MDB NRB Service, Head Office

Media Room

Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh

PBX: (+88) 096 66 410 999 Ext.999-216

nrb.banking@midlandbankbd.net