US
Dollar Investment Bond
US Dollar Investment Bond is a product designed by
Bangladesh Central 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 secure and tax free income
with a stable and lucrative interest rate.
Features
& Benefits:
·
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.
Eligibility:
·
Wage earners serving abroad in the name
of any other person named in wage earners application
·
Government employees working abroad
·
The Bond may be issued in the name of a
holder of a non-resident account against remittances from abroad to the account
Required
Documents:
·
The purchaser must have a FC account
with the Bank
·
The purchaser must have the photocopy of
the relevant pages of the passport where the purchaser's name, date of birth,
date and place of issue; expiry date, photograph and signature appear
·
Address Proof of the Bond Holder in
abroad.
·
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
Comments