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	EBL NFCD

EBL NFCD (Non Resident Foreign Currency Deposit) Account is an interest bearing time deposit account for Non Resident Bangladeshis which can be opened with foreign exchange for a period of 1/3/6/12 months.

Key Features

	The accounts are in the nature of term deposits maturing after one month, three months, six months and one year.

	The accounts can be maintained in US dollar, pound sterling, Euro or Japanese yen;

	Accounts may be opened against remittances in other convertible currencies after conversion of those.

Eligibility

	Any person (individual) willing to open EBL NFCD, must have an FCY Account (EBL Global) with EBL.

	Category A: All non-resident Bangladesh nationals and persons of Bangladesh origin including those having dual nationality and ordinarily residing abroad can open interest bearing time deposit accounts named EBL NFCD as per Bangladesh Bank's guidelines on foreign exchange transactions.

	Category B: Bangladesh nationals serving with Embassies/High Commissions of Bangladesh in foreign countries as also the officers/staff of the Government/ semi-Government departments/ nationalized banks and employees of body corporate posted abroad or deputed with International and Regional agencies like IMF, World Bank, IDB, ADB etc. during their assignments abroad may open such accounts. Crew members of the Bangladeshi shipping companies are not entitled to open such accounts, but shore staff posted abroad can open such accounts.

	Category C: Foreign nationals and companies/firms registered and/or incorporated abroad, banks, other financial institutions including institutional investors and 100% foreign owned (A-Type) industrial units in the Export Processing Zones in Bangladesh, are also allowed to open and maintain NFCD accounts.

	Age 18+ for Category A & B

Minimum Initial Deposit

	Category A & B: Initially with minimum amount of US$ 1,000 or GBP 500 or equivalent.

	Category C: The minimum amount of time deposits in such cases should be US$ 25,000 or its equivalent in GBP, Euro or Japanese yen.

Interest Rate

Competitive Interest Rates to be provided - please contact with nearest EBL AD Branches for details.

Fees & Charges

	No Account related fee

	Premature encashment fee USD 10

Please Note: The account will be operated as per the Bangladesh Bank GFET guidelines. All Fees, Charges & regulations shall follow Standard EBL Savings Account & Debit Card regulation & rates published. 5% VAT applicable on fees and charges & Income Tax shall be deducted at source on interest income (where applicable). EBL holds the right to change any interest rate, fees, charges and regulation without informing the customer.

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