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Product Summary

An RFCD (Resident Foreign Currency Deposit) account is a bank account for resident Bangladeshis to deposit foreign currency brought back from abroad. It allows account holders to maintain funds in foreign currencies like USD, Pound Sterling, or Euro and earn interest. The funds are freely transferable, can be used to purchase foreign currency, and an international debit or credit card is typically issued for global use.

  • Eligibility:
    Available to Bangladeshi citizens who have traveled abroad and brought back foreign currency.
  • Currency:
    Funds can be deposited in major foreign currencies, including US Dollars, Pound Sterling, and Euro, though availability may vary by bank.
  • Interest:
    The account is interest-bearing, with interest credited at specific intervals, such as every six months.
  • International Card:
    Holders can receive an international debit or credit card to access their funds globally.
  • Free Remittance:
    Funds in the account can be freely remitted for legitimate purposes, including travel, education, and medical treatment.
  • Conversion:
    Account holders can convert foreign currency to Taka at the prevailing exchange rate.
To open an RFCD account, you typically need to:
  • Be a resident Bangladeshi citizen.
  • Be at least 18 years old.
  • Deposit foreign exchange you brought back from abroad, sometimes with a customs declaration.

**For any further query please contact your nearest Premier Bank Branch

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