How to Open a Bank Account in Bangladesh From Abroad

PROBASHI BANKING

BANKING BEYOND BOUNDARIES

Probashi Banking division of the Bank caters the NRBs (Non- Resident Bangladeshi) not only by disbursing remittance but also offering 'One Stop Banking Solution' by creating a favorable environment and opportunity for the NRBs to make long-term financial contributions in the socio-economic progress of the nation. To facilitate the NRBs (Non- Resident Bangladeshi) a bunch of Probashi Banking products and services are designed to secure expatriate Bangladeshi(s) future saving(s) and investment(s) need as well as providing a structured financial planning for future.

Preserving Your

VALUES

BRAC Bank Probashi Current Account

It is ideal for Probashi Bangladeshis / Returning Bangladeshis who do not wish to earn interest due to religious or other reasons. This account also comes with cheque book and ATM card and is ideal for regular transaction. **This account will be maintained in Taka.

Features & Benefits

• 24 hour Access to ATMs and POSs
• No Interest (Ideal for people who do not want interest for religious reasons)
• No restriction on frequent transactions

Eligibility

• Any NRB who is between 18 to 65 years of old can open this account
• The NRB must have valid Residence / Work permit.

Required Documents

• Photos: 2 pp size
• Nominee Photos: 1 pp size with account holder attestation on the reverse side. Photo may be kept pending at the time of account opening and must be provided with 15 days of account opening.
• Identification: Photocopy of Valid passport (6 pages) with due attestation. In case of foreign passport attested photocopy of no visa required for travel to Bangladesh page required.
• Valid VISA: Entry VISA with due attestation. If it is in any other language other than English, no translation is required.
• Work/Residency Permit: Not required. However it may be taken when visa is not valid to prove that applicant is legally residing abroad.
• Address proof document (Any one):
  • Resident Permit
  • Work ID
  • Utility Bill
  • Pay Slip
  • Driving License
  • Government issued ID card
  • Credit Card Bills
  • Rent Receipts
  • Over seas Bank Statement
  • Citizenship card / Health Card / Green card / Social Security card
  • Job Contract Letter
  • Mobile Bill
  • PO BOX no. will be accepted if the company's name against the PO Box no. is the same as mentioned in employee's office address

Start Saving

From Anywhere

BRAC Bank Probashi Savings Account

Probashi Savings Account offers a regular savings account in local currency for the NRBs who is residing abroad and want to save their hard-earned money to utilize in future after coming back to Bangladesh.

Features & Benefits

• This is an interest bearing Taka account in which interest is paid twice a year
• Cheque Book and ATM Card are available in this account

Eligibility

• Any NRB who is between 18 to 65 years of old can open this account
• The NRB must have valid Residence / Work permit.

Required Documents

• Photos: 2 pp size
• Nominee Photos: 1 pp size with account holder attestation on the reverse side. Photo may be kept pending at the time of account opening and must be provided with 15 days of account opening.
• Identification: Photocopy of Valid passport (6 pages) with due attestation. In case of foreign passport attested photocopy of no visa required for travel to Bangladesh page required.
• Valid VISA: Entry VISA with due attestation. If it is in any other language other than English, no translation is required.
• Work/Residency Permit: Not required. However it may be taken when visa is not valid to prove that applicant is legally residing abroad.
• Address proof document (Any one):
  • Resident Permit
  • Work ID
  • Utility Bill
  • Pay Slip
  • Driving License
  • Government issued ID card
  • Credit Card Bills
  • Rent Receipts
  • Over seas Bank Statement
  • Citizenship card / Health Card / Green card / Social Security card
  • Job Contract Letter
  • Mobile Bill
  • PO BOX no. will be accepted if the company's name against the PO Box no. is the same as mentioned in employee's office address

Planting Your Future

AT Home

BRAC Bank Probashi Fixed Deposit

A fixed deposit account allows you to deposit your money for a set-period of time, there by earning you a higher rate of interest in return. Fixed Deposits can be made from 3 months to 3 years. Interest is paid on the maturity at a very attractive rate. ** This account will be maintained in Taka.

Features & Benefits

• NRBs can choose any of the Fixed Deposit maturity period from the tenures of : 3 months, 6 months, 12 months, 24 months, 36 months.
• Auto renewal on maturity, if no instruction is received.
• Cumulative interest gain.

Eligibility

• Any NRB who is between 18 to 65 years of old can open this account
• The NRB must have valid Residence / Work permit.
• The applicant must have to maintain Probashi Savings / Current Account.

Required Documents

• Document for Proof of Identification:
  • 3 copies of passport size photo
  • Photocopy of the first 6 pages of valid passport
  • Photocopy of the valid work permit/employment visa (duly attested)
  • One copy passport size photo of the Nominee (Attested by the Applicant) ,if differs from the Probashi Savings/Current Account
  • Duly filled Probashi FD account opening form
• At Least one of the Following Documents (Photocopy):
  • Utility Bill
  • Driving License
  • Residence Permit (Govt. issued Identity card)
  • Credit Card Bills
  • Rent Receipt
  • Overseas Bank Statement
  • Work ID
  • Pay Slip
• Proof of Address:
  • Address on Passport
  • Overseas Bank Statement (bank passbook will not be considered as a valid address proof)
  • Rent Receipt along with duly stamped / registered lease deed. Lease deed should be valid as on date of account opening.
  • Letter from existing banker, this letter should clearly specify that the mentioned address is the customer's communication address and period of relationship with the bank which should be more than 3 months
  • Utility Bill, i.e. Electricity Bill, Landline telephone bill, Gas connection Bill, Water connection Bill.
  • Driving license, ID issued by Government.

Constant Return

FROM EVERY ANGLE

BRAC Bank Probashi Abiram

Probashi Abiram is a Fixed Deposit, which is ideal for NRBs who want to get a return every month. If the NRB has sufficient fund, s/he can open Probashi Abiram for 1 year to 3 years tenure .The interest will be paid every month on the Probashi Savings/Current Account automatically. This is ideal for customers who want to pay their DPS installments. Accounts will be maintained in Taka.

Features & Benefits

• Customers can earn monthly return.
• Monthly installment for DPS will be automatically realized from this account.
• Access to wide network of BRAC Bank.

Eligibility

• Any NRB who is between 18 to 65 years of old can open this account
• The NRB must have valid Residence / Work permit.
• The applicant must have to maintain Probashi Savings / Current Account.

Required Documents

• Document for Proof of Identification:
  • 3 copies of passport size photo
  • Photocopy of the first 6 pages of valid passport
  • Photocopy of the valid work permit/employment visa (duly attested)
  • One copy passport size photo of the Nominee (Attested by the Applicant) ,if differs from the Probashi Savings/Current Account
  • Duly filled Probashi Abiram account opening form
• At Least one of the Following Documents (Photocopy):
  • Utility Bill
  • Driving License
  • Residence Permit (Govt. issued Identity card)
  • Credit Card Bills
  • Rent Receipt
  • Overseas Bank Statement
  • Work ID
  • Pay Slip
• Proof of Address:
  • Address on Passport
  • Overseas Bank Statement (bank passbook will not be considered as a valid address proof)
  • Rent Receipt along with duly stamped / registered lease deed. Lease deed should be valid as on date of account opening.
  • Letter from existing banker, this letter should clearly specify that the mentioned address is the customer's communication address and period of relationship with the bank which should be more than 3 months
  • Utility Bill, i.e. Electricity Bill, Landline telephone bill, Gas connection Bill, Water connection Bill.
  • Driving license, ID issued by Government.

Fixing

Your Future

BRAC Bank Probashi DPS

To secure NRB's hard-earned money, Probashi Banking Service introduces an ideal monthly saving scheme "Probashi DPS"

Features & Benefits

• Monthly installment of minimum Tk. 500 and its multiples.
• Installment will be realized automatically on due date.
• Loans are provided against 90% of deposited amount.

Eligibility

• Any NRB who is between 18 to 65 years of old can open this account
• The NRB must have valid Residence / Work permit.
• The applicant must have to maintain Probashi Savings / Current Account.

Required Documents

• Document for Proof of Identification:
  • 3 copies of passport size photo
  • Photocopy of the first 6 pages of valid passport
  • Photocopy of the valid work permit/employment visa (duly attested)
  • One copy passport size photo of the Nominee (Attested by the Applicant) ,if differs from the Probashi Savings/Current Account
  • Duly filled Probashi Abiram account opening form
• At Least one of the Following Documents (Photocopy):
  • Utility Bill
  • Driving License
  • Residence Permit (Govt. issued Identity card)
  • Credit Card Bills
  • Rent Receipt
  • Overseas Bank Statement
  • Work ID
  • Pay Slip
• Proof of Address:
  • Address on Passport
  • Overseas Bank Statement (bank passbook will not be considered as a valid address proof)
  • Rent Receipt along with duly stamped / registered lease deed. Lease deed should be valid as on date of account opening.
  • Letter from existing banker, this letter should clearly specify that the mentioned address is the customer's communication address and period of relationship with the bank which should be more than 3 months
  • Utility Bill, i.e. Electricity Bill, Landline telephone bill, Gas connection Bill, Water connection Bill.
  • Driving license, ID issued by Government.

Wise Investment Of Hard

Earned Money

BRAC Bank Wage Earner's Development Bond (WEDB)

Probashi Wage Earner Development Bond (WEDB) 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 purchased in the denomination of BDT 25000, 50000, 100000, 200000, 500000, 1000000, 5000000
• The purchaser can purchase Bond any amount in multiples of BDT. 25,000/- without any maximum limit
• No restriction on frequent transactionsThe interest rate is 12 % per annum payable on half-yearly basis
• The interest rate is 12 % per annum payable on half-yearly basis
• The tenure is five years
• Tax exemption on the principal
• Can be used as security for any loan
• Death risk benefit up to 40% to 50% of investment.
• Auto renewal option available
• Investors of BDT 80 Million and above shall be treated as CIP.
• Purchaser of Wage Earner's Development Bond can repatriate the principal amount of the bond in foreign currency

Eligibility

• A Bangladeshi wage-earner serving abroad
  • in his own name ; or
  • in the name of any other person named in his application;
• Government employees working abroad

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.
• 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.

Get a guarantee

For you investment

BRAC Bank 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.

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.

For more information please here.
Please call our 24 hours call center 16221 or e-mail us at [email protected]

Get a guarantee

For you investment

BRAC Bank US Dollar Premium Bond

US Dollar Premium 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 tenure is three years
• The interest rate is 7.5 % per annum payable on half-yearly basis in Bangladeshi taka
• The interest is payable only in Bangladeshi Taka
• 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 can be repatriated in the foreign country.

For more information please here.
Please call our 24 hours call center 16221 or e-mail us at [email protected]

Investment in Capital Market

For Non-Resident Bangladeshi

BRAC Bank 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.

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.
Please call our 24 hours call center 16221 or e-mail us at [email protected]

SCHEDULE OF CHARGES

How to Open a Bank Account in Bangladesh From Abroad

Source: https://www.bracbank.com/en/retail/probashiBanking

Share this post