Question: Who
can open Convertible Taka Account ?
Answer:
Ø
Foreign Nationals
Ø
Foreign organizations
Ø
Diplomatic Missions
Ø
UN organization
Ø
Non-profit international bodies
Ø
Foreign contractor and consultants engaged for specific project under
the Govt. or semi Govt. agencies
Ø
Expatriate employees of the above noted missions/organization that are
resident in Bangladesh
Ø
Foreign airlines and shipping lines operating in Bangladesh
Question: What
is the rate of interest in Convertible Taka Account?
Answer:
This account is considered as demand deposit
account. But AD may allow interest as applicable for STD Account.
Question: What
are the different use of fund in Convertible Taka Account ?
Answer:
Ø
For FC payment in abroad
Ø
For local expenses
Ø
For transfer to another F/C account
Ø
For Transfer to another convertible Taka account
Ø
For Transfer to another non-convertible Taka Account
Question: What
is the use of balance of Non-convertible Taka Account ?
Answer :
The balance of Non-convertible Taka account can only
used for local expenses.
Question: What
is the rate of interest in Non-Convertible Taka account ?
Answer. This Account considers as a
demand deposit. But AD may allow interest as applicable for STD A/C.
Question. Who
can open the Non-Resident Investor’s Taka Account (NITA) ?
Answer:
Ø
Bangladesh Nationals residing abroad(including dual nationality)
Ø
Foreign nationals residing abroad or in Bangladesh
Ø
Foreign firms registered abroad and operating in Bangladesh or abroad
All the above concerns may open a NITA for buy Bangladesh
shares & Securities. NITA may be operated by the nominee. All transaction
for buying and selling should be done through a member/registered broker of
stock exchange.
Question: What
are the different utilization of fund in Non-Resident Investor’s Taka Account
(NITA)?
Answer:
Ø
AD can freely transfer any amount any where of the world by FTT, FDD
etc. as per request of the account holder from the NITA by converting in FC
Ø
Incidental expenses related to sales and purchases of
shares/securities
Ø
Account operational expenses
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