Revised WEDB rules for continuing & enhancing bond selling

প্রবাসীদের জন্য চালু করা বিভিন্ন বন্ডে বিনিয়োগ নীতিমালা শিথিল করেছে বাংলাদেশ ব্যাংক। এখন থেকে বিদেশে অবস্থানরত বাংলাদেশী নাগরিক অর্থাৎ প্রবাসী সকল রেমিটেন্স আহরণকারী ও প্রেরণকারী চাকরিজীবী কিংবা ব্যবসায়ী নির্বিশেষে তাদের উপার্জিত অর্থের বিপরীতে যে কোন ধরনের বন্ডে বিনিয়োগ করতে পারবেন। আইন, বিচার ও সংসদ বিষয়ক মন্ত্রণালয়ের এক চিঠির প্রেক্ষিতে সোমবার বাংলাদেশ ব্যাংকের ডেট ম্যানেজমেন্ট ডিপার্টমেন্ট এ সংক্রান্ত এক প্রজ্ঞাপন জারি করে। এতে বলা হয়েছে, প্রবাসী ব্যবসায়ীরা কিংবা প্রবাসে অবস্থানরত অন্য কোন পেশাজীবীগণ তাদের উপার্জিত অর্থের মাধ্যমে বাংলাদেশে ওয়েজ আর্নার ডেভেলপমেন্ট বন্ডে বিনিয়োগ করতে আইনগত কোন বাধা নেই।

পুনশ্চঃ আগে প্রবাসী ব্যবসায়ীদের ক্ষেত্রে ওয়েজ আর্নার ডেভেলপমেন্ট বন্ডে বিনিয়োগ করতে আইনগত নিষেধাজ্ঞা ছিল।

Find the Bangladesh Bank circular: Click Here

What is blue-chip share or stocks

What is blue-chip share or stocks:

A blue-chip stock is the stock of a large, well-established and financially sound company that has operated for many years. A blue-chip stock typically has a market capitalization in the billions, is generally the market leader or among the top three companies in its sector, and is more often than not a household name.

-By Investopedia

Blue chip stocks are shares of very large and well-recognized companies with a long history of sound financial performance. These stocks are known to have capabilities to endure tough market conditions and give high returns in good market conditions. Blue chip stocks generally cost high, as they have good reputation and are often market leaders in their respective industries.

-By The Economic Times

In generally blue chip share is market renowned share which provides good amount of yearly dividends to this stock holder, profit growth is higher, market capitalization is large, market leaders in its sector, debt-to-equity ratio is stable, and return on equity is good etc.

Sample blue chip shares are: 
                                            3M (MMM),

Alphabet (GOOGL),

Amazon (AMZN),

Apple (AAPL),

Bank of America (BAC),

Coca-Cola (KO),

Disney (DIS)

How to open a NFCD (Non-Resident Foreign Currency Deposit) account?

NFCD (Non-Resident foreign currency Deposit):

A.    NFCD accounts can be opened in US Dollars, Pound Sterling, German Mark, Japanese Yen, or Euro Currency for one month, three months, six months or one year, in any authorized dealership licensee branch of the country or foreign bank acting in Bangladesh. Minimum deposit amount will be $1000 US or £500 Pound Sterling or equivalent amount for other currencies.

B.   NFCD account can be continued renewal basis for unbounded time. Account holder can be continuing his account after permanent return of home country. NFCD account can be opened from his foreign income even if permanently arrival of home within six month.

C.   For the currency of the NFCD calculation, the interest earned in the currency of EuroCorrency is earned in foreign currency. Interest earned of BFCD account in Bangladesh is tax free.

D.     Premature encashment is possible but in that case interest will not be given.

E.    Principal and interest amount of NFCD account is hassle free transferrable in any country in specific foreign currency. Outstanding amount of this type of account is also convertible in BDT.

F.    Non-resident Bangladeshi people can collect account opening form from Bangladeshi high commission office.

Bangladesh post office savings bank

Bangladesh post office provides savings banking facilities to the mass people along with its principal services. As we know post office has numerous number of branches in root level. It has branches in every District & Thana level. It is very much easier to reach mass people for financial inclusion through government post office channel. I am in doubt that, most of the people don’t know regarding savings banking facility of post office. It provides lucrative interest rate rather than the conventional banking. Currently it provides 7.5% simple interest rate for customer’s savings bank account. One customer can deposit maximum of 30,00,000/= taka in one name or singly. And maximum 60,00,000/= taka in joint name. It’s also provides fixed term deposit as below manner:

Can be nominated to one or more person:

Fixed deposit	Rate of Profit (%)	Rate of SSP (%)	Total Rate of Profit (%)
At the end of 1st year	10.40%	0.00%	10.40%
At the end of 2nd year	11.40%	0.00%	11.40%
At the end of 3rd year	12.40%	0.84%	13.24%

If a depositor withdraws profit after every 6 months the interest rate would be

Fixed deposit	Rate of Profit (%)
At the end of 1st year	10.00%
At the end of 2nd year	10.50%
At the end of 3rd year	11.00%

***10% source tax will be deducted from profit as per circular.

I strongly believe that if government takes proper initiative to promote post office saving banking, it will be faster spread among mass people & government will be achieved financial inclusion goal rapidly.

05.05.2019