RFCD Account

Resident Bangladeshis are allowed to open and maintain Resident Foreign Currency Deposit (RFCD) Account with foreign exchange brought in at the time of their return from travel abroad. Any amount brought in with declaration in FMJ (Foreign Money and Jewelry) form and up to 10,000 US dollar or its equivalence.

As per prevailing regulatory framework of Resident Foreign Currency Deposit (RFCD) accounts, the balance held in the accounts are freely transferable abroad, including onward foreign travels by account holders. As well as he can avail International Debit/Credit/Prepaid Card against the balances held in RFCD accounts, and the profit rate is Eurocurrency deposit rates.

Facilities of RFCD account:

RFCD accounts may be opened in any approved foreign currency such as USD, EUR, GBP, JPY, AUD, CAD, CHF, CNH and SGD.

• Profit will be payable on the deposits maintained for minimum one month at mark-up of 1.50% over benchmark rate of respective currencies.
• Remittances can be effected on current transactions for dependents of accountholders, in addition to transactions including but without limiting to cost of travel, education for children, treatment, etc. for account-holders
• Without limiting to account-holders themselves, maximum 2(two) supplementary International Cards (debit/credit/prepaid) may be issued to dependents of accountholders against RFCD accounts
• The balances held in the accounts are freely encashable in Taka as and when necessary