What is NRCTA?
- A Taka-denominated account for Non-Resident Bangladeshis (NRBs)
- Operated through Offshore Banking Units (OBUs)
- Foreign currency can be converted into Taka and deposited into the account
Key Benefits
- Both principal and profit/interest can be freely repatriated abroad
- Interest/profit is applicable on a market-driven basis
- Account types: Savings, Current and Fixed Deposit
- Safe, flexible and modern banking facilities
Sources of Funds
- Remittances sent from abroad
- Transfers from foreign currency accounts or other NRCTAs
- Proceeds/income from direct, portfolio and other permitted investments
- Other permissible sources
Uses of NRCTA Funds
- Local transactions and expenses
- Transfers to NRCTA / NRTA / foreign currency accounts
- Direct / portfolio investment in Bangladesh
- Conversion into foreign currency and repatriation abroad
Loan Facilities
- Loans against NRCTA deposits
- Loans may be used for personal and eligible business purposes
- Loans may be extended to designated third parties of the account holder, subject to applicable regulations
Banking Services
- Easy account opening through digital channels
- Investment and financial advisory services
- Safe, flexible and modern banking facilities
More Details
For detailed information, please refer to the Bangladesh Bank Circular