NRB Investment

NRB can invest money by purchasing different bonds designed by Bangladesh Bank issued by different scheduled Banks. There are three types of bond like Wage Earner’s Development Bond (WEDB) for local currency & US Dollar Investment Bond and US Dollar Premium Bond for US currency offered by present scheduled banks.NRB also can invest in share market through NITA Account.

Wage Earner’s Development Bond (WEDB)

NRB Wage Earner Development Bond (WEDB) is a product designed by Bangladesh 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 secured and a tax free income with a stable and lucrative interest rate.

• 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.
• The interest rate is  8.70% for 6 months; 9.45% for 12 months; 10.20% for 18 months; 11.20% for 24 months; 12% for 60 months.
• Maximum  tenure is five years.
• Tax exemption on the principal amount.
• 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.

List of some banks which have WEBD

Eligibility & Required Documents

• A Bangladeshi wage-earner serving abroad eligible to purchase this bond in his own name or in the name of any other person named in his 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
• Copy of employer’s certificate/work permit/I-20 to be duly attested by the concern authorities.
• Copy of the Passport including the signature page with other relevant pages to be duly attested by the concern authorities
• Account holder has to attest the photographs and signature of the nominee
• Account holder has to provide two passport size photographs (duly attested)
• Duly filled in the Application Form along with specimen signature card
• Other documents as per bank requirement

US Dollar Investment Bond

US Dollar Investment Bond is a product designed by Bangladesh Bank for Bangladeshi national living abroad & issued against US Dollar. 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

• 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.

List of some banks which have US Dollar investment bond

Eligibility & Required Documents

• A Bangladeshi wage-earner serving abroad eligible to purchase this bond in his own name or in the name of any other person named in his 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
• Copy of employer’s certificate/work permit/I-20 to be duly attested by the concern authorities.
• Copy of the Passport including the signature page with other relevant pages to be duly attested by the concern authorities
• Account holder has to attest the photographs and signature of the nominee
• Account holder has to provide two passport size photographs (duly attested)
• Duly filled in the Application Form along with specimen signature card
• Other documents as per bank requirement

US Dollar Premium Bond

US Dollar Premium Bond is a product designed by Bangladesh Central bank for Bangladeshi national living abroad issued against US Dollar. Interest rate of this bond is little higher than US Dollar investment bond 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

• 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.
• 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.

List of some banks which have US Dollar premium bond

Eligibility & Required Documents

• A Bangladeshi wage-earner serving abroad eligible to purchase this bond in his own name or in the name of any other person named in his 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
• Copy of employer’s certificate/work permit/I-20 to be duly attested by the concern authorities.
• Copy of the Passport including the signature page with other relevant pages to be duly attested by the concern authorities
• Account holder has to attest the photographs and signature of the nominee
• Account holder has to provide two passport size photographs (duly attested)
• Duly filled in the Application Form along with specimen signature card
• Other documents as per bank requirement

NRB Investment In share Market/NITA Account

NRB can invest in local share market through Non Resident Investors Taka Account (NITA). NITA is a facility that is provided to non-resident individuals/institutions including non-resident Bangladeshi nationals who are interested in trading Bangladeshi securities against foreign exchange remitted from abroad.
Features

• Non-resident portfolio investors have to open a Non-resident Investors Taka Account (NITA) with any authorized dealer in Bangladesh funding the purchase and easy repatriation of the sales and income proceeds.
• Securities can be purchased only through a member/registered broker of the stock exchange. However, public issues not yet listed in a stock exchange can be bought directly from the issuing company.
• For the purpose of trading securities, investors need to open a security account/trading account with stock broker listed with the exchanges.
• Funds from NITA can be used to purchase shares and securities listed in a stock exchange
• The balances in this account are freely remittable abroad in foreign exchange.

List of some banks which have NITA Account

Required Documents

For Institutional Trading Account

• Company NITA A/C number with custodial bank or A/C statement
• Board Resolution
• Memorandum and Articles of association
• Specimen signature of account operators
• Letter of Authorization
• A valid photo ID of the Managing Director
• Valid photo ID of Account Operator(s)

For Individual Trading Account

• Account opening form and Signature Card duly filled up
• Individual NITA A/C Number with custodial bank or A/C statement
• Valid passport or national ID card photocopy
• Two copies passport size photograph of account holder
• One copy passport size photograph of authorized person (if any)