NRBs can now park their funds in FDR, DPS
Non-resident Bangladeshis (NRBs) can now keep their funds in the form of Fixed Deposit Receipts (FDR) and Deposit Plus Schemes (DPS) with local lenders following a central bank directive yesterday. Earlier, the NRBs were allowed to open savings or current accounts with banks but did not get favourable interest rates against their fund.
Now, however, the Bangladeshi expatriates can deposit their money... Read More