MDB PROBASHI SAVINGS

MDB Probashi Savings is a savings account in local currency for the NRBs who are residing abroad and want to save their hard-earned money to utilize in Bangladesh. This is an interest bearing Taka account in which interest is paid twice a year.
  • No physical presence is required; Can be opened from abroad by sending duly completed AOF and all the required documents to Midland Bank NRB Banking Services.
  • This is an interest bearing taka account in which interest is paid twice in year.
  • No initial deposit required for opening this account.
  • Interest calculated on the daily average balance.
  • Higher interest rate on maintaining a certain balance in the account.
  • Free VISA Debit card facility.
  • 24X 7 access to largest network of VISA ATM and POS.
  • No ledger fees/relationship charge (For the First year).
  • Free Internet banking facility with fund transfer facility.
  • E-commerce transactions can be also done through Internet Banking.
  • Free SMS or Alert Banking (For the First year).
  • Free Cheque Book Facility (For First Order).
  • Account can be operated through mandate agreement.
  • Dedicated email ID for any account related queries.
  • Many lucrative investment and savings products can be linked with this account.
  • Any NRB who is between 18 to 65 years old can open this account.
  • The NRB must have valid residence visa/work permit.
  • Duly filled in Bank prescribed account opening form (download).
  • Photo: 2 passport sized photographs of the Applicant.
  • Nominee photo: 1 pp size attested by account holder on the reverse side.
  • Identification Document: Photocopy of Valid passport (For old Bangladeshi passport first 6 pages; for MRP passport first 2 page with identification information). In case of foreign passport attested photocopy of “no visa required for travel to Bangladesh” page required.
  • Valid Proof of Residence: Valid Visa, Resident permit/work Permit/ Green Card. If it is any other language other than English, no translation is required.
  • Address proof: (If any)- Resident /Work ID, Utility Bill, Pay Slip, Rent Receipts, Job Contract Letter, Health Card, Green Card, Social Security Card, Driving License, ID issued by government.

Note: If the Applicant is requesting to open the account from overseas, then all the photocopied documents should be attested. The attestation can be done from the below organizations by taking sign and seal of the respective official of that organization on the photocopied documents (‘Original Seen’ marking):
  • Bangladesh Embassy.
  • any MDB affiliated Exchange House.
  • any reputed Bank’s branch.
  • Notary public in his/her currently residing country. [Notarization should be in a verifiable format]

Required Documents for Joint Account Holder:
  • If the Joint Account Holder’s Residence Status is Non Resident then, the similar list of documentations as the Primary Account Holder will be applicable for the Joint Account holder..
  • If the joint Account Holder is a Resident then, the following Documents should be collected: a. National ID / Passport Copy b. Photo: 2 passport size c. Address proof documents i.e. any utility bill, lease agreement

Requirements For Mandate Holder:
  • One copy passport size photo of the Mandate (Attested by the Applicant)
  • Valid photo ID of the Mandate
  • Address proof document of the Mandate i.e. any utility bill, lease agreement
  • Step 1: Download the MDB Probashi Savings FORM from the website: www.midlandbankbd.net
  • Step 2: Please fill up the required information and put your sign on it.
  • Step 3: Attach the required documents.
  • Step 4: Please Send the Account opening Form and required documents through international postal mail to the following address:

Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh

For any clarifications, please e-mail at nrb.banking@midlandbankbd.net
Q 1: What is MDB Probashi Savings?
Answer: It is an exclusive savings Account for the NRB’s that adds interest on daily basis and pays out on half yearly basis.

Q 2: What is the eligibility of a Client to open this account?
Answer:
  • Must be a citizen of Bangladesh and age 18 years and above
  • The NRB must have valid residence visa/work permit
 

Q 4: What are the Slabs of Interest Rates?
Answer: The slabs of the interest rates to be applied. (Interest rate will be reset periodically upon review by Midland Bank Ltd.' s Asset Liability Committee and will be subject to change as per deposit rate sheet)

Q 5: What are the unique features of this product?
Answer:
  • No physical presence is required; Can be opened from abroad by sending duly completed AOF and all the required documents to Midland Bank NRB Banking Services
  • This is an interest bearing taka account in which interest is paid twice in year
  • No initial deposit required for opening this account
  • Interest calculated on the daily average balance basis
  • Higher interest rate on maintaining a certain balance in the account
  • Free VISA Debit card facility
  • 24X 7 access to largest network of VISA ATM and POS
  • No ledger fees/relationship charge (For the First year)
  • Free Internet banking facility with fund transfer facility
  • E commerce transactions can be also done through Internet Banking
  • Free SMS or Alert Banking
  • Free Cheque Book Facility (For First Order)
  • Account can be operated through mandate agreement
  • Dedicated email ID for any account related queries
  • Many lucrative investment and savings products can be linked with this account


Q 6: What about Interest Accrual & Payment Procedure?

Answer: Interest will be calculated on daily average balance of the account and paid on half yearly basis. * *If the End of Day balance of the accounts falls below BDT 5,000.00, then for that particular day there will be no accrual of interest.

Q 7: What is the maximum allowed debit transaction per month to qualify for interest?
Answer: Maximum number of debit transactions allowed to qualify interest for the month is 10 (Ten).

Q 8: What about Tax Deduction on Interest?
Answer: Interest is tax deductible as per NBR rules.

Q 9: What about Excise Duty & VAT?
Answer: Excise Duty and VAT will be deducted as per NBR rules.

Q 10: As it is a NRB Account, then should not be the TAX, Excise Duty & VAT waived?

Answer: No, only income TAX is waived for NRBs. The tax on interest and excise duty and VAT for the deposited would be applicable as per NBR rules.

Q 11: Is there any option for repatriating the amount deposited in the MDB Probashi Savings to the overseas account directly?
Answer: Yes. Direct repatriation is possible with required regulatory approval.

Q 12: What are the points of Account opening?
Answer:
  • All the Branches
  • NRB Banking Services
  • Customers can directly download the form from bank’s website and send the dully filled up form and required documents through international postal mail from the residing country.


Q 13: What would be the sending address if the customer is sending the account opening request  from abroad?
Answer: 
Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh


Q 14: What are the documents required for opening the account?
Answer: Bank prescribed account opening form duly filled up
    • Photo: 2 passport size
    • Nominee photo: 1 pp size attested by account holder attestation on the reverse side.
    • Identification: Photocopy of Valid passport (6 pages) with due attestation. In case of foreign passport attested photocopy of “no visa required for travel to Bangladesh” page required.
    • Valid VISA: Entry VISA with due attestation. If it is any other language other than English, no translation is required.
    • Address proof: (If any)- Resident /Work ID, Utility Bill, Pay Slip, Rent Receipts, Job Contract Letter, Health Card, Green Card, Social Security Card, Driving License, ID issued by government

Note: If the Applicant is requesting to open the account from overseas, then all the photocopied documents should be attested. The attestation can be done from the below organization by taking sign with seal of the respective official of that organization on the above photocopied document (‘Original Seen’ marking):
  • Bangladesh Embassy
  • Any MDB affiliated Exchange House
  • Any reputed Bank’s branch
  • Notary public in his/her currently residing country *
* Notarization should be in a verifiable format

Q 15:  Does the MDB Probashi Savings have joint application option?
Answer: Yes, Can be done.

Q 16: Who can be Joint Account Holder?
Answer: Any NRB/ Resident can be Joint Account Holder.

Q 17: What are the documents required for the Joint Account Holder?
Answer:
  • If the Joint Account Holder is a NRB then, all the similar required documentations for MDB Probashi Savings would need to be collected from him/her.
  • If the joint Account Holder is a Resident then, the following Documents should be collected:
  • National ID/ Passport Copy
  • Photo: 2 passport size
  • Address proof documents i.e. any utility bill, lease agreement


Q 18: Who will fill up Transaction Profile Portion?
Answer: Client will fill up Transaction Profile (TP) at the time of opening of accounts mentioned in the account opening form.

Q 19: What about Nomination & deceased Account?
Answer:
  • One person can be nominated by account holder for each account.
  • Nomination will be cancelled, if nominee dies in the life time of account holder. Account holder, in such cases will advise in writing a new nominee.
  • Account holder, with written instruction, may change the nominee any time.
  • In the event of account holder’s death, his/her nominee will not be allowed to continue the account, and amount deposited prior to the death of account holder, shall be paid to the nominee, after proper identification.


Q 20: Can Mandate be assigned for MDB Probashi Savings?
Answer: Yes, one mandate holder can be assigned by the account holder/s for each account.

Q 21: Who can be assigned as a Mandate Holder?
Answer: Any Resident can be authorized as a Mandate Holder by the Account Holder/s to do the legitimate transactions into his/her account in absence of him/her in the country.

Q 22: If the MDB Probashi Savings is a Joint Account, then can any of the accountholder assign a Mandate Holder to the account?
Answer: All Joint-accountholders are required to sign regardless of mode of operation.

Q 23:  What will be the authority for the Mandate holder to operate the account?
Answer: The Mandate holder can only do the legitimate debit and credit transactions. Any other account related operational issues i.e. any static data change request, Term deposit issuance/closure request, account closure, Internet banking /sms banking subscription request, Dormant/Inactive account activation request,  Debit card issuance/renewal, cheque book renewal, statement request cannot be done through Mandate Holder or on the request of Mandate Holder.

Q 24: What are the documents required for assigning a Mandate Holder to MDB Probashi Savings?
Answer: The following Documents should be collected:
  • Duly Filled up and Signed Mandate Authorization Letter
  • Duly Filled up and Signed Mandate Details Form
  • 1 Copy of Passport sized photograph of the Mandate attested by the Applicant/s
  • Copy of National ID Card/ Passport of the Mandate
  • Copy of Utility Bill  as the address proof of the Mandate
 

Q 25: Can the Mandate Holder be authorized for using cheque book & Debit Card?
Answer: The Mandate holder can be authorized to use Account Holder’s cheque book only.

Download


For details, please feel free to contact any of our MDB NRB Service, Head Office

MDB NFCD ACCOUNT

  • Non Resident Bangladeshi Nationals/NRBs/Dual Citizens with Bangladeshi origin.
  • Any Bangladeshi Nationals serving with Embassies/High Commissions of Bangladesh in foreign countries/Officers and staffs of the government/semi government departments/nationalized banks and employees of body corporate posted abroad ore deputed with international and regional agencies like IMF, World Bank, IDB, ADB etc. During their assignments can also open this account.
  • The Shore Staffs in Bangladeshi Shipping companies who are posted abroad*

*The crew members of Bangladeshi shipping companies are not eligible to open this account
  • This is an interest bearing term deposit account.
  • Can be opened for the tenures of one /three/six and twelve months.
  • This account can be maintained in Pound, US Dollar, Pound, Euro or Japanese Yen.
  • Minimum Balance is USD 1000 or GBP 500 or equivalent in other currencies.
  • The balance and the accrued interest of this account can be freely transferable abroad without any prior permission from Bangladesh Bank.
  • The interest accrued on this account is fully exempted from Tax.
  • Cheque book facility is available with this account.
  • Foreign Currency brought in at the time of their return from travel abroad. However, if it exceeds US 5000 (or its equivalent) then should be declared to the customs on "FMJ form" at the time of arrival.
  • Inward remittance.
  • Transfer from any other Foreign Currency Accounts.
  • Can be also credited from the convertible foreign exchange i.e. currency notes, travelers cheques, drafts etc. brought into Bangladesh while their temporary visit. However, if it exceeds US 5000 (or its equivalent) then should be declared to the customs on "FMJ form" at the time of arrival.
  • Local withdrawals can be made in taka only.
  • Freely transferable/repatriable with the accrued interest to the own account/any beneficiary Accounts maintained abroad.
  • Two Copies of passport sized recent photographs of the Applicant.
  • Photocopy of first six pages of your Bangladeshi passport. In case of foreign passport, include photocopy of the page that says ‘no visa required to travel to Bangladesh’
  • Copy of Valid Visa/Work Permit/ Resident Card.
  • Proof of income i.e. Salary / Pay Slip, Job Contract letter /overseas bank statement not old than three months from the account opening date or any other document that proofs applicant legitimate income source.
  • Note: At least one of the following documents as proof of overseas address (photocopy):
    • Work ID.
    • Resident Permit.
    • Utility Bill.
    • Pay Slip.
    • Driving License.
    • Government issued ID card.
    • Credit Card Bills.
    • Rent Receipts.
    • Over seas Bank Statement.
  • One copy of passport sized photograph of the Nominee attested by the Applicant.
  • Duly Filled in Account opening Form.
  • Step 1: Download the Non Resident Foreign Currency Deposit Account (NFCD Account)FORM from the website: www.midlandbankbd.net
  • Step 2: Please fill up the required information and put your sign on it.
  • Step 3: Attach the required documents.
  • Step 4: Please Send the Account opening Form and required documents through international postal mail to the following address:
Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh
Download Account Opening Form

For details, please feel free to contact any of our MDB NRB Service, Head Office

MDB FC ACCOUNT

  • Bangladeshi Nationals residing abroad/NRBs/Dual Citizens with Bangladeshi origin.
  • Resident Bangladeshi nationals working with Foreign /International Bodies whose salary are disbursed fully and partially* in Foreign Currency.
  • Foreign Nationals residing in abroad or in Bangladesh.
  • Foreign Firms Registered abroad and operating in Bangladesh and abroad.
  • Foreign Missions and their Expatriate employees.

Note: *For partial Salary Disbursement only the portion in FC can be credited to this account.
  • This is a non interest bearing account.
  • This account can be maintained in US Dollar, Pound, Euro or Japanese Yen.
  • No initial deposit required for opening this account.
  • The balance of this account is fully repatriable without any prior permission from Bangladesh Bank.
  • Local disbursements can be made freely in BDT only at the prevailing exchange rate.
  • Option to have a mandate holder to maintain the account in absence of the account holder.
  • Cheque book facility is available with this account.
  • Inward remittance.
  • Transfer from any other Foreign Currency Accounts of abroad.
  • Non Residents Taka Accounts of Banks abroad.
  • Can be also credited from the convertible foreign exchange i.e. currency notes, travelers cheques, drafts etc. brought into Bangladesh while NRBs’ temporary visit. However, if it exceeds US 5000 (or its equivalent) then should be declared to the customs on "FMJ form" at the time of arrival.
  • Local withdrawals can be made in taka only.
  • Freely transferable/repatriable to the own account/any beneficiary Accounts maintained abroad from the balance.

For Bangladeshi Nationals Residing abroad (NRBs)/Dual Citizens with Bangladeshi origin


  • Two Copies of passport sized recent photographs of the Applicant.
  • Photocopy of first six pages of the Bangladeshi passport. In case of foreign passport, photocopy of the page that says ‘no visa required to travel to Bangladesh’
  • Copy of Valid Visa/Work Permit/ Resident Card.
  • Proof of income i.e. Salary / Pay Slip, Job Contract letter /Tax Certificate/Business license /overseas bank statement (not old than three months from the account opening date) or any other document that proofs applicant legitimate income source.
  • Note: At least one of the following documents as proof of overseas address (photocopy):
    • Work ID.
    • Resident Permit.
    • Utility Bill.
    • Pay Slip.
    • Driving License.
    • Government issued ID card.
    • Credit Card Bills.
    • Rent Receipts.
    • Over seas Bank Statement.
    • One copy of passport sized photograph of the Nominee attested by the Applicant.
    • Duly Filled in Account opening Form.


For Bangladeshi Nationals Residing in Country


  • Two Copies of passport sized recent photographs of the Applicant.
  • Photocopy of first six pages of Bangladeshi passport.
  • Proof of income i.e. Salary / Pay Slip, Job Contract letter or any other document that proofs applicant legitimate income source in Foreign Currency.
  • Copy of local address proof document (Rental agreement, Utility Bill etc.).
  • One copy of passport sized photograph of the Nominee attested by the Applicant.
  • Duly Filled in Account opening Form.


For Foreign Nationals residing in abroad or in Bangladesh/Foreign missions’ Expatriate Employees


  • Two Copies of passport sized recent photographs of the Applicant.
  • Copy of Valid Passport the Applicant.
  • Copy of Valid Visa (if the Applicant is residing in Bangladesh only).
  • Copy of BOI Permission Visa (if the Applicant is residing in Bangladesh only).
  • Proof of income i.e. Salary / Pay Slip, Job Contract letter ,business account statements, Tax Certificate or any other document that proofs applicant legitimate income source.
  • Any local Address proof document.
  • copy of passport sized photograph of the Nominee attested by the Applicant.
  • Duly Filled in Account opening Form.
  • Required Documents for assigning a Mandate Holder
  • One copy passport size photo of the Mandate (Attested by the Applicant).
  • Valid photo ID of the Mandate.
  • Address proof document of the Mandate.
  • Duly filled in Mandate Authorization Form.
  • Step 1: Download the Foreign Currency Account (FC Account)FORM from the website: www.midlandbankbd.net
  • Step 2: Please fill up the required information and put your sign on it.
  • Step 3: Attach the required documents.
  • Step 4: Please Send the Account opening Form and required documents through international postal mail to the following address:
  • Midland Bank NRB Banking Services
    Head Office Annex
    Zahed Plaza (Level 10)
    30 Gulshan Avenue
    Gulshan 2, Dhaka 1212
    Bangladesh

  • For any clarifications, please e-mail at nrb.banking@midlandbankbd.net
Download Account Opening Form

For details, please feel free to contact any of our MDB NRB Service, Head Office

WAGE EARNER'S DEVELOPMENT BOND (WEDB)

Probashi Wage Earner Development Bond (WEDB) is a product offered by Bangladesh Central Bank for the Non Resident Bangladeshis (NRBs) to invest their hard earned money for earning a safe and tax free income with the assurance of a very steady and lucrative interest rate.
  • This bond can be purchased in the denomination of BDT 25000, 50000, 100000, 200000, 500000, 1000000, 5000000.
  • The purchaser can purchase Bond any amount in multiples of BDT. 25,000/- without any maximum limit.
  • The interest rate is 12% per annum payable on half-yearly basis.
  • The tenure is five years.
  • Tax exemption on the principal.
  • Can be used as security for any loan.
  • Death risk benefit up to 40% to 50% (Up to BDT 500,000) of investment.
  • Auto renewal option available.
  • Investors of BDT 80 Million and above shall be treated as CIP.
  • Purchaser of Wage Earner's Development Bond can repatriate the principal amount of the bond in foreign currency.
The slabs of the interest rates to be applied are as follows:

Tenure

Applicable Interest Rate

Before 6 Months

No Interest

Above 6 Months to 1 Year

8.70%

Above 1 Year to 1.5 Years

9.45%

Above 1.5 Years to 2 Years

10.20%

Above 2 Years to 5 Years

11.20%

After 5 Years

12.00%

(Interest rate might be reset periodically upon review by Bangladesh Bank)

Required Documents for purchasing Bonds


  • The purchaser must have a photocopy of the relevant pages of the passport with the purchasers name, date of birth, date and place of issue; expiry date, photograph and signature appear (In case of foreign passport holders including the page where it appears “NO VISA REQUIRED TO TRAVEL TO BANGLADESH” )
  • 02 Copy passport sized photographs of the Bond Holder & 2 copy for the Nominee
  • Income source proof documents of the purchaser
  • 03 Copies of Mandate holder photographs, with A/c holder’s signature on the back
  • Duly filled out and signed Mandate holder application
  • Duly Filled out Application for Bonds
  • Duly filled out debit Instruction Form
  • The purchaser must have a FC account for any kind of bond
  • The purchaser of Wage Earner Development & US Dollar Investment Bond must have to maintain a MDB Probashi Savings along with FC account
  • Step 1: Download the Wage Earner's Development Bond (WEDB) FORM from the website: www.midlandbankbd.net
  • Step 2: Please fill up the required information and put your sign on it.
  • Step 3: Attach the required documents.
  • Step 4: Please Send the Bond opening Form and required documents through international postal mail to the following address:
Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh

For any clarifications, please e-mail at nrb.banking@midlandbankbd.net

Download

wedbond FAQ

For details, please feel free to contact any of our MDB NRB Service, Head Office

Download

WEDB Opening Form

For details, please feel free to contact any of our MDB NRB Service, Head Office

US DOLLAR INVESTMENT BOND

US Dollar Investment Bond is a product offered by Bangladesh Central Bank for the Non Resident Bangladeshis (NRBs) to invest their hard earned money for earning a safe and tax free income with the assurance of a very steady and lucrative interest rate.
  • This bond can be issued in the denomination of US $500, $1000, $5000, $10,000 and $50,000.
  • Can be purchased of any amount in multiples of US $500 without a maximum limit.
  • The tenure is three years.
  • The interest rate is 7.5 % per annum payable on half-yearly basis in Bangladeshi taka.
  • The interest is payable only in Bangladeshi Taka.
  • Auto renewal option available.
  • Can be used as security for any loan.
  • Tax exemption on the principal and interest amount.
  • The principal and interest will be payable in US Dollar.
  • Investors of one Million US Dollar and above shall be treated as CIP.
  • Death risk benefit up to 15% to 25% (Up to BDT 2,000,000) of investment.
  • Principal can be repatriated in the foreign country.
The slabs of the interest rates to be applied are as follows:

Tenure

Applicable Interest Rate

Before 1 year from the date of issue

No Interest

Completion of 1 Year

05.50%

Completion of 2 years

06.00%

Completion of 3 years

06.50%

(Interest rate might be reset periodically upon review by Bangladesh Bank)
  • The purchaser must have a photocopy of the relevant pages of the passport with the purchasers name, date of birth, date and place of issue; expiry date, photograph and signature appear (In case of foreign passport holders including the page where it appears “NO VISA REQUIRED TO TRAVEL TO BANGLADESH” )
  • 02 Copy passport sized photographs of the Bond Holder & 2 copy for the Nominee
  • Income source proof documents of the purchaser
  • 03 Copies of Mandate holder photographs, with A/c holder's signature on the back
  • Duly filled out and signed Mandate holder application
  • Duly Filled out Application for Bonds
  • Duly filled out debit Instruction Form
  • The purchaser must have a FC account for any kind of bond
  • The purchaser of Wage Earner Development & US Dollar Investment Bond must have to maintain a MDB Probashi Savings along with FC account
  • Step 1: Download the US Dollar Investment Bond FORM from the website: www.midlandbankbd.net
  • Step 2: Please fill up the required information and put your sign on it.
  • Step 3: Attach the required documents.
  • Step 4: Please Send the Bond opening Form and required documents through international postal mail to the following address:
Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh

For any clarifications, please e-mail at nrb.banking@midlandbankbd.net
Download US Dollar Investment Bond FAQs

For details, please feel free to contact any of our MDB NRB Service, Head Office

Download

US Dollar Investment Bond Opening Form

For details, please feel free to contact any of our MDB NRB Service, Head Office

US DOLLAR PREMIUM BOND

US Dollar Premium Bond is a product offered by Bangladesh Central Bank for the Non Resident Bangladeshis (NRBs) to invest their hard earned money for earning a safe and tax free income with the assurance of a very steady and lucrative interest rate.
  • This bond can be issued in the denomination of US $500, $1000, $5000, $10,000 and $50,000.
  • Can be purchased of any amount in multiples of US $500 without a maximum limit.
  • The tenure is three years.
  • The interest rate is 7.5 % per annum payable on half-yearly basis in Bangladeshi taka.
  • The interest is payable only in Bangladeshi Taka.
  • Auto renewal option available.
  • Can be used as security for any loan.
  • Tax exemption on the principal and interest amount.
  • The principal and interest will be payable in US Dollar.
  • Investors of one Million US Dollar and above shall be treated as CIP.
  • Death risk benefit up to 15% to 25% (Up to BDT 2,000,000) of investment.
  • Principal can be repatriated in the foreign country.

The slabs of the interest rates to be applied are as follows:

Tenure

Applicable Interest Rate

Before 1 year from the date of issue

No Interest

Completion of 1 Year

06.50%

Completion of 2 years

07.00%

Completion of 3 years

07.50%


(Interest rate might be reset periodically upon review by Bangladesh Bank)
  • The purchaser must have a photocopy of the relevant pages of the passport with the purchasers name, date of birth, date and place of issue; expiry date, photograph and signature appear (In case of foreign passport holders including the page where it appears “NO VISA REQUIRED TO TRAVEL TO BANGLADESH” )
  • 02 Copy passport sized photographs of the Bond Holder & 2 copy for the Nominee
  • Income source proof documents of the purchaser
  • 03 Copies of Mandate holder photographs, with A/c holder's signature on the back
  • Duly filled out and signed Mandate holder application
  • Duly Filled out Application for Bonds
  • Duly filled out debit Instruction Form
  • The purchaser must have a FC account for any kind of bond
  • The purchaser of Wage Earner Development & US Dollar Investment Bond must have to maintain a MDB Probashi Savings along with FC account
  • Step 1: Download the US Dollar Premium Bond FORM from the website: www.midlandbankbd.net
  • Step 2: Please fill up the required information and put your sign on it.
  • Step 3: Attach the required documents.
  • Step 4: Please Send the Bond opening Form and required documents through international postal mail to the following address:
Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh

For any clarifications, please e-mail at nrb.banking@midlandbankbd.net
Download US Dollar Premium Bond FAQs

For details, please feel free to contact any of our MDB NRB Service, Head Office
 

Download

US Dollar Premium Bond Opening Form

For details, please feel free to contact any of our MDB NRB Service, Head Office

MDB FOREIGN REMITTANCE SERVICE

Midland Bank has relationships with the leading Money Transferring Companies all around the world. MDB aims to disburse the remittance money to your beneficiaries in as little as 10 minutes, making it as simple to do and hassle free.

Your beneficiary can receive money in two ways. They are:
  • Over the bank counter and/or
  • Beneficiary’s bank account.

Midland Bank Remittance Disbursement Network
  • 26 Branches covering all division
  • 14 Agent Banking Locations and constantly adding new in the network
SL NO. EXCHANGE HOUSE NAME COUNTRY OF ORIGIN OPERATING COUNTRIES
1 BRAC SAAJAN EXCHANGE LTD. UK UK, IRELAND, POTUGAL,SPAIN, ITALY, FRANCE  
2 CONTINENTAL EXCHANGE SOLUTIONS. INC, USA (RIA) USA GLOBAL  
3 INSTANT CASH UAE GLOBAL  
4 PRABHU GROUP INC. USA GLOBAL  
5 PLACID NK CORPORATION, USA USA GLOBAL  
6 WESTERN UNION USA GLOBAL  
7 XPRESS MONEY SERVICES LTD UAE GLOBAL  
SL NO. CURRENCY NAME BANK NAME BANK ADDRESS ACCOUNT NO SWIFTCODE
1 US Dollar AB Bank Ltd Liberty Building, 41-42 Sir Vithaldas Thackersey Marg 5001-000069-155 ABBLINBB
2 US Dollar United Bank of India 4, N.C.Dutta Sarani Calcutta-700 001, India. 0084050096733 UTBIINBBCAL
3 US Dollar AXIS Bank Ltd AXIS House, Worli Mumbai, India 913020052056634 AXISINBB004
4 EURO United Bank of India, Calcutta Branch 4, N.C.Dutta Sarani, Calcutta-700 001, India. 0084050096742 UTBIINBBCAL
5 EURO MashreqBank Psc 1st Floor, 2 London Wall Buliding London, EC2M 5PP 00013269 MSHQGB2L
6 EURO AKTIF YATIRIM BANKASI A.S. Aktif Yatirim Bankasi A.S.PNSC Building, Genel Müdürlük Büyükdere Caddesi No: 163, Zincirlikuyu Sisli 34394 Istanbul, Turkey. TR16001430000
0000003892390
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7 GBP MashreqBank Psc 1st Floor, 2 London Wall Buliding London, EC2M 5PP 00013258 MSHQGB2L
8 JPY National Bank of Pakistan Main Branch CJ Bldg 3F, J -4, 2chome Nishi Shimbashi, Minato-Ku, Tokyo 105-0003 Japan 21125 NBPAJPJT
9 US Dollar Mashreq Bank Psc 50 Broadway, Suite 1500, New York, NY 10004. USA 70010119 MSHQUS33
10 US Dollar Kookmin Bank Foreign Exchange Business Dept. 5/F, Kookmin Bank H.Q Building 84, Namdaemun-ro, Jung-gu Seoul, Korea 100-703. 862-8-USD-01-9 CZNBKRSEXXX
11 US Dollar Habib American Bank 99 Madison Avenue New York, NY 10016, U.S.A. 20729121 HANYUS33XXX
12 US Dollar MCB Bank Limited Export Processing Zone Branch,(Offshore Banking Unit) Export Processing Zone, Landhi Industrial Area, (Extension) Mehran Highway, Landhi, Karachi, Pakistan. 0000000015619082 MUCBPKKA

MDB STUDENT FILE SERVICES

MDB STUDENT FILE SERVICES: A SIMPLE SOLUTION FOR FEES PAYMENT DURING STUDYING ABROAD!


MDB Student File Service is a customized banking solution for students which eases educational related financial transactions abroad. Through Student File, students can pay for their tuition fees and living expenses overseas .Student File opening is a mandatory requirement set by Bangladesh Bank for Foreign Exchange transfer to other countries. (Study criterion is described in FE circular (F. E Circular: 11, No: 5)

SERVICES OFFERED UNDER MDB STUDENT’S FILE SERVICE

  • Opening/Processing student File: MDB will open, process and maintain a file for each student till completion of the course.
  • Fund Transfer Facility: Tuition fees and living expenses can be transferred Foreign Demand Draft (FDD)/ Foreign Telegraphic Transfer (FTT) /SWIFT in favor of Educational institutions abroad.

Tenure of a file

Once a student file is opened, that file stays with that bank, which means, for progressive semesters, the file will be operated from that bank. In case of genuine exceptions, where the customer has to move the account in another bank, then transfer will take place between banks.

  • Convenient fund transfer of Tuition Fess & Living expenses for the entire academic period
  • Legitimate method of remitting to another country and can be used effectively for future reference
  • Flexibility of Foreign Currency endorsement
  • Competitive exchange rate
  • Faster processing of Student File

ELIGIBILITIES FOR OPENING STUDENT FILEPENING STUDENT FILE

Midland Bank will open the student file for following regular courses such as:
  • Undergraduate.
  • post graduate
  • Language course pre-requisite to bachelor degree
  • Professional diploma/certificate courses i.e.
  • Commercial Flying
  • Computer Programming
  • Hotel Management and Catering
  • Chartered Accountancy
  • Cost & Management Accountancy are special fields for which students are allowed to open Student File.

N.B: Language, diploma, separate foundation course is not allowed
Account relationship is mandatory to open a student file. Account can be opened in single name of the financer/ joint name- Financer & Student (any One can operate) for debiting the remittance.
In case of new files: as per FE Circular-11 No: 10(A), following documents are required to be submitted by the student with attested photocopies:
  • Original offer letter from overseas institution with acceptance of admission / registration / I-20 for USA institution need to be accompanied containing following information:
    • Course name
    • Course start date
    • Course duration
  • Details of annual expenses (tuition and living) from respective institution(in case of advance payment refund policy should be mentioned)
  • Original academic certificates& transcripts. (SSC, HSC, O & A level, diploma, graduation, post-graduation including IELTS, TOEFL if any) ( originals need to be shown at the branch)
  • Original Valid Passport & VISA of student (Pre-visa declaration for Australian institutions)
  • Detail information of the person financing the student with a copy of Passport size photo.

Note: Both the student & the financer should be present in person at the time of opening student file.

In case of subsequent term(s) payment: ( FE Circular-11 No: 10(F))
  • Certificate/ record from institution on continuation of studies
  • Progress report / transcript
  • Revised expense estimate for next academic year

Student Quota:
Education Cost & Living Cost as per estimate furnished by Foreign Institution/University and USD 200 or equivalent for transit expenses

Student File Fee:
  • Student File Opening Fee: BDT 5000
  • Student File Renewal Fee: BDT 3000
  • Transaction Fees: 1000.00 for each subsequent transaction as service charge

Note: 15% Vat is applicable on all fees

Midland Bank NRB Banking Services

Head Office Annex
Zahed Plaza (Level 9)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh
Hotline: 16596

PBX: (+88) 096 66 410 999 Ext.999-216

nrb.banking@midlandbankbd.net