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| EBL Swadesh Biniyog |
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| NRB Banking |
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 simple solution for NRBs to invest in the capital market of Bangladesh |
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EBL will provide Non-Resident Bangladeshis (NRBs) the option to subscribe to IPO and also to buy and sell shares in the secondary market through a Beneficiary Owners (BO) account which will be funded by Non Resident Investors Taka Account (NITA). NITA will be held with EBL Bangladesh and the BO account with EBL Securities Limited. |
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| Features |
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NRBs can subscribe to IPO from anywhere in the world. |
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NRBs will be able to sell the shares, acquired through IPO, in the secondary market through EBL at their discretion. |
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NRBs will be able to buy/sell shares in the secondary market at their discretion. |
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Repatriation of the investment (capital, dividends or investment profit) |
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| Who is eligible? |
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All Bangladeshi nationals (Bangladeshi passport holders) who are working/living abroad can open NITA. |
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Foreign passport holders who are originally from Bangladesh are also eligible to open an account. |
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| Required documents – for new customers |
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| The following documents will be required for opening an account: |
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Completed NITA account form |
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Completed BO account form |
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Completed BO account nominee form |
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Completed Trade account opening form |
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Power of Attorney |
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Tripartite Agreement |
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A certified copy of the valid passport with valid visa |
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Four copies of passport size photographs of the applicant |
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Four copies of passport size photos of the nominee which must be attested on the back by the primary account holder |
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Proof of address (utility bill/bank statement copy etc) |
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Proof of income (last tax return/employment certificate/contract/recent pay slip) |
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All the required documents must be in English (if the documents are in other language it has to be translated into English) and also need to be verified and attested by the Bangladesh High Commission or Consulate General's Office (if customer sends the documents from abroad) |
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If the customer provides the Power of attorney (POA) from abroad, POA has to be notarized by Notary Public and then attested by the Bangladesh High Commission or Consulate General's Office. |
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If the customer comes to the branches, then customer will provide the POA on Non-judicial Stamp (worth of BDT150.00). |
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| Required documents – for existing customers |
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For existing NRB FCY/LCY account holders of EBL, the following documents will be required, provided other documents are already in order. |
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Completed NITA account form |
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Completed BO account form |
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Completed BO account nominee form |
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Completed Trade account opening form |
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Power of Attorney |
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Tripartite Agreement |
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Four copies of passport size photographs of the applicant |
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Four copies of passport size photos of the nominee which must be attested on the back by the primary account holder |
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| Limitations |
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Only share related transactions are allowed (apply for IPO, sale of IPO, buy & sell share in the secondary market and inward/outward Remittance) |
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No debit card and cheque book will be issued against NITA |
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Non-interest bearing account |
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Deposit facilities |
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- Inward remittances (remittance through third party is not allowed)
- Transfer from FCY account
- Refund warrant of IPO
- Sale proceeds of IPO
- Sale proceeds of share from the secondary market
- Dividend
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| Fees & Charges |
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| EBL Charges |
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NITA account maintenance fee of BDT300 + 15% VAT will be applicable on half yearly basis |
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IPO application processing fee BDT200 + 15% VAT |
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Settlement fee: 0.30% per transaction on transaction amount to be charged by EBL with minimum of BDT500.00 or maximum BDT5,000.00 + 15% VAT |
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Power of Attorney (POA) revalidation charges BDT3,500.00 + 15% VAT |
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| CDBL & other charges |
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Custodian Fee: CDBL will charge BDT 500 + 15% VAT per annum |
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Brokerage Commission: Brokerage firm will charge @0.40% per transaction. |
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| Forms: |
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| For more information please contact |
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| NRB Department |
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| Cell: +8801979325698 and +8801979325699 |
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| Email: nita@ebl.com.bd |
