EBL RFCD Account

RFCD account is a Deposit account for resident Bangladeshis which can be opened with foreign exchange brought at the time of their return from abroad. Only Resident Bangladeshies can open this account.

Eligibility

  • Persons resident in Bangladesh may open RFCD account with foreign exchange brought in at the time of their return from abroad.
  • Age 18+

Required Documents

  • Completed application form
  • A written declaration from the depositor mentioning the date of return from abroad and the amount of foreign exchange brought in
  • FMJ form if the deposit amount is greater than USD 10,000.
  • Copy of Bangladeshi passport with immigration arrival stamp in passport Standard account opening documentation.

Joint Applicant

  • Not allowed

Features

  • Account can be opened in USD, GBP & EURO
  • Foreign currency deposited in this account is freely convertible into Taka.
  • You can deposit up to USD 10,000 or its equivalent into this account upon returning to Bangladesh, you have the option to deposit here against your previous trips abroad
  • Upon declaring to the customs authority on FMJ Form, any amount over USD 10,000 or its equivalent, must be deposited into this account within 30 days of arrival.
  • No inward remittance is allowed into this type of account
  • Deposited foreign currency may easily be sent abroad through banking channel.
  • Funds can be withdrawn locally in local currency.
  • No ledger fee
  • Interest calculated on Minimum day end balance and paid monthly to your account.

International Card

Required Documents for Account Opening

  • Completed and Signed Account Opening Form
  • Recent Passport Size Photo of Applicant
  • Copy of Valid Passport, with Arrival Seal from Abroad.
  • Nominee’s Photo ID and Recent Passport Size Photo (attested by Applicant)
  • Copy of Recent Utility Bill-Gas/Electricity/WASA/Telephone
  • Copy of TIN (Optional)
  • During Account Opening, Branch may request for any other appropriate document(s).

 

 

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