Non-Resident Convertible Taka Account (NRCTA)
Hot Line: +8801938801756, +8801968378132
Swift Code: DBBLBDDH
Non-Resident Convertible Taka Account (NRCTA) Products are available for eligible Non-Resident Bangladeshis (NRBs).
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if you are ready, you can open an NRCTA - Savings/Current using the link Open NRCTA - Savings/Current
if you have a saved incomplete account opening form, please click here to re-start Complete NRCTA - Savings/Current
Products and Rates
| Products | BDT |
|---|---|
| 3 Months | 7.00% |
| 6 Months | 7.10% |
| 12 Months | 7.20% |
| 24 Months | 7.20% |
| 36 Months | 7.20% |
Features of NRCTA Fixed Deposit
- Minimum deposit of BDT 100,000.
- Automatic renewal options based on the customer's preference.
- Loan facilities against eligible NRCTA deposits, subject to regulatory requirements and the Bank's credit policies.
Opening NRCTA Fixed Deposit
A tracking ID has been sent to your verified email or mobile after the successful submission of the NRCTA account opening request.
You can check the account opening status using the Tracking ID
- Please click the link to check the account opening status. Check Status
You can withdraw balance of your offshore banking NRCTA account using your international debit card (MasterCard or Visa) (Customers with USD 25,000 or more in FCY accounts will now receive a Signature Multicurrency Debit Card, while those with less than USD 25,000 will receive a Platinum Debit Card.) or
To transfer fund from your offshore banking FC account to overseas account or a local currency account, Please fill up the form as given below.
if you are ready, Please click the link to fill out the online form. Fund transfer request
Check your fund transfer request status. Fund transfer request status
Frequently Asked Questions
NRCTA is a Taka-denominated account designed for eligible Non-Resident Bangladeshis (NRBs) and residents intending to proceed abroad for employment. It enables customers to maintain funds in Bangladesh, make permitted local transactions, transfer funds and access eligible repatriation and investment facilities in accordance with Bangladesh Bank regulations.
The eligible customers are:
- Non-Resident Bangladeshis (NRBs).
- Residents intending to proceed abroad for employment.
Yes. Eligible residents intending to proceed abroad for employment may open an NRCTA, subject to submission and verification of the required documents.
Customers may apply through:
- Online channel: The Bank’s web-based platform or NexusPay app, subject to the availability of the approved account-opening facility.
- Branch channel: Designated Authorized Dealer (AD) branches of DBBL.
Applications will be processed by the concerned Offshore Banking Unit or designated AD branch in accordance with the Bank’s KYC, AML/CFT, verification and approval procedures.
The prescribed documents include:
- A copy of a valid passport containing the personal information pages.
- A valid visa with at least six months’ validity, residency permit, work permit, employment contract or other relevant evidence establishing NRB status, as applicable.
- Photographs of the applicant and nominee.
- Valid photo identification of the nominee.
- Other documents required under the Bank’s applicable account-opening and KYC procedures.
NRCTA Savings, Current and Fixed Deposit Accounts are maintained in Bangladeshi Taka (BDT).
Permissible sources include:
- Inward foreign currency remittances received through banking channels, authorized money exchange houses, money transfer operators (MTOs) and other legitimate payment service providers, converted into Taka.
- Transfers from eligible private foreign currency accounts or Non-Resident Foreign Currency Deposit (NFCD) accounts after conversion into Taka.
- Transfers from other NRCTAs.
- Interest or profit earned on eligible account balances.
- Repatriable proceeds from eligible foreign direct investment (FDI), foreign portfolio investment (FPI) or other permitted investments originally funded from eligible sources.
- Eligible refunds of share subscriptions and other payments originally made from the NRCTA or eligible foreign currency accounts.
- Other sources permitted under Bangladesh Bank regulations.
All credits remain subject to applicable regulatory requirements and verification of the source and legitimacy of funds.
Funds must originate from eligible sources and be received through permitted channels.
Yes. Subject to applicable regulations, customers may:
- Transfer funds to other NRCTAs and eligible Non-Resident Taka Accounts (NRTAs).
- Transfer eligible funds to private foreign currency accounts or NFCD accounts in equivalent foreign currency.
- Make legitimate local payments and other permitted transfers in Bangladesh.
Eligible funds may be repatriated abroad in accordance with Bangladesh Bank regulations, applicable foreign exchange requirements and the Bank’s prescribed verification and processing procedures. Customers should contact the Bank regarding the required documents, eligible amounts and available transaction channels.
Yes. Eligible NRCTA deposits may be placed under lien to secure loans from the Bank’s Domestic Banking Units (DBUs), subject to applicable Bangladesh Bank regulations, credit assessment and the Bank’s approved lending policies.
The key features are:
- Account currency: BDT.
- No account opening balance requirement.
- No minimum balance requirement.
- Free account maintenance.
- Free internet banking.
- Free SMS alerts.
- Annual debit card fee: Free.
- Account statement charges: As per the Bank’s prevailing schedule of charges.
- Cheque book facility: Applicable to onshore NRCTA customers only.
- Excise duty: As per government rules.
The proposed interest rate is linked to the Bank’s Savings Plus product, with an additional 1 percentage point.
No. no minimum balance is required.
Account holders are eligible for a multicurrency Visa debit card, with no annual debit card fee. Internet banking is also available free of charge. Card issuance, usage and transaction facilities remain subject to applicable regulations and Bank policies.
Eligible funds may be transferred to permitted accounts or repatriated abroad in accordance with Bangladesh Bank regulations and the Bank’s prescribed procedures.
The NRCTA Current Account is designed to provide convenient access to Taka-denominated funds for legitimate local payments, transfers and other permitted transactions in Bangladesh.
No. The NRCTA Current Account is non-interest-bearing.
The key features are:
- Account currency: BDT.
- No account opening balance requirement.
- No minimum balance requirement.
- Free account maintenance.
- Free internet banking and SMS alerts.
- Annual debit card fee: Free.
- Account statement charges: As per the Bank’s prevailing schedule of charges.
- Cheque book facility: Applicable to onshore NRCTA customers only.
- Excise duty: As per government rules.
Account holders are eligible for a multicurrency Visa debit card without an annual fee, subject to applicable regulations, card issuance requirements and the Bank’s policies.
Existing NRCTA Savings or Current Account holders are eligible to open an NRCTA Fixed Deposit Account, subject to the Bank’s applicable procedures.
Available tenures 3/6/12/24/36
The minimum deposit amount is BDT 100,000.
The proposed interest rate is linked to the Bank’s regular Term Deposit products, with an additional 1 percentage point.
Yes. Premature encashment is subject to the applicable provisions of the Bank’s General Banking Manual for regular term deposits. The interest payable, if any, will be determined in accordance with those provisions.
On maturity, the deposit will be automatically renewed according to the customer’s selected option:
- Renewal of both principal and accrued interest.
- Renewal of principal only, with interest paid out.
Eligible principal and accrued interest may be repatriated in accordance with Bangladesh Bank regulations and the Bank’s applicable processing and compliance procedures.
Yes. Eligible NRCTA Fixed Deposits may be placed under lien to secure loans from the Bank’s DBUs, subject to applicable regulatory requirements, credit assessment and the Bank’s approved lending policies.
Eligible NRBs may apply through the Bank’s web-based platform or NexusPay app.
Any delegated operation, power of attorney or third-party transaction arrangement must be subject to the Bank’s approved procedures, customer verification requirements and applicable Bangladesh Bank regulations.
no account opening balance requirement for NRCTA Savings and Current Accounts and free account maintenance.