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- Under Bai Salam agreement (forward purchase) funding support will be provided directly to the farmers/grower (group/individual) against supply of agreed quantity of the produce on maturity. The deal will be adjusted on delivery of the contracted produce by the farmer at maturity. Bank may take services from 3rd party (individual/NGO/Association) for monitoring & control in the form of agent/partnership.
- Tax exemption on the principal and interest amount.
- Loan Facility on the bonds in Bangladesh
- Maximum limit up to TK 1 crore on bond purchase.
- Death risk benefit up to 30% to 50% of investment.
- Interest payable every six months in BD
- Can be used as security for any loan
- Purchaser of Wage Earner's Development Bond can repatriate the principal amount of the bond in foreign currency.
- Interest is payable in Bangladesh currency or in US Dollar.
- Principal amount payable in Bangladesh currency or in US Dollar.
- Investors of one Million US Dollar and above shall be treated as CIP
- NRBs can invest into the Bangladeshi Capital Market from anywhere in the world
- Custodian Service will be provided by Trust Bank
- 100% repatriation of capital, dividend and investment profits
- NRBs can apply for IPOs as well as buy and sell shares in the Secondary Market through Trust Bank Limited. They can use e-mail, fax or phone to issue trade orders to Trust Bank PLC.
- This account can be opened by
- Bangladeshi nationals residing abroad
- Foreign nationals residing abroad or in Bangladesh
- Foreign firms registered abroad & operating in Bangladesh or abroad
- Foreign missions and their expatriate employees
- Resident Bangladeshi nationals working with foreign/ international organizations operating in Bangladesh; provided their salary is paid in foreign currency
- Deposit can be made in foreign currency only (Cash, TC, Drafts or transfer from other FCY Accounts)
- Cash
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