Updated on : 03-08-2022
Bangladesh Bank (BB) has increased and fixed the interest rate of non-resident foreign currency deposit (NFCD) accounts to encourage inward foreign currency.
For one year and up to three years of deposit, NFCD account holders, with the regular interest rate, will get 2.25 per cent interest and for three years and up to five years of deposit, with the regular interest, they will enjoy 3.25 per cent interest, as per a BB circular issued today.
Other instructions in this regard will remain unchanged till further notice.
Earlier on July 17, the central bank allowed the banks across the country to raise fresh deposits under NFDC accounts without any reference to the euro currency interest rate.
Source: DHAKA, Aug 1, 2022 (BSS)
Title | Category | Created On |
---|---|---|
The signing of MoU on cooperation and trade between Bangladesh and Argentina | Trade | 2023-03-14 11:02:00 |
The signing of Memorandum of Cooperation on Trade and Investment between Bangladesh and Singapore | FTAs | 2022-12-06 10:59:03 |
Export earnings fetch 36.18pc growth in August | General | 2022-09-07 09:54:23 |
Bangladesh strives to keep on preferential facilities beyond LDC graduation: EDR Sec | General | 2022-09-07 09:46:10 |
Bangladesh Bank increases interest rate of NFDC | General | 2022-08-03 15:29:45 |