i) To facilitate the said operations in a wider scale, it has been decided that persons resident outside Bangladesh without limiting to non-resident Bangladeshi nationals, persons of Bangladeshi origin, foreign nationals, companies/firms registered and operating abroad, foreign institutional investors may open and maintain FC accounts in approved foreign currency with OBOs.

ii) It has also been decided that Offshore Banking Operations (OBOs) may maintain FC accounts termed as International Banking IB accounts in the name of resident Bangladeshi individuals and corporate entities including Type- A, Type- B and Type- Industrial enterprises operating in EPZs/EZs/ HTPs having Bonafide relations with non- residents. In this context, IB account- holder will act as facilitator of remitters and utilize the funds accordingly.

i) IB Accountholder will act as Facilitators of Remitters and utilize the fund along with interest allowed in IB account accordingly.

IB Account can only receive inward remittances through official channel.

i) IB Account Holder may deposit their fund in the approved Currency as Term deposit and may avail interest rate as per following benchmark:

ii) No tax or excise duty will be imposed on IB account balance. Noteworthy, in future if Bangladesh Bank or other govt. regulatory authorities provide instruction regarding tax, excise duty and other charges on IB account then account will be monitored as per the instructions.

iii) The proceeds/fund of the IB Account(s) may be utilized in the following method: A) Can be transferred to the Onshore Bank Accounts for meeting necessary payments and various investments. B) Can be utilized towards making outward remittances of balance amount including interest/profit as and when necessary. C) A declaration or acknowledgement needed by the Remitter for fund transfer.

Yes, customers can open a joint OBPLC IB account. But in such cases both the account holders must individually qualify to open the account as per question 1 above.

A customer can open a Fixed Deposit account in foreign currency (USD/EUR/GBP) under this program. To credit the funds for the Fixed Deposit account, the customer has to open a FC current account first. This FC current account will help to facilitate fund transfers, remittances, and other account operations. So, basically the customer will have to have both Current and Fixed deposit account(s) in OBPLC IB.

For individual OBPLC IB existing account opening form will be required. Customer can also open account through Non-face-to-face (NF2F) account opening procedure for the non-residents.

Yes, any existing ONE Bank customer can open OBPLC IB account if he or she qualifies for OBPLC IB account as per question 1 above.

Currently at ONE Bank, a customer can open OBPLC IB account in USD, EUR & GBP currency only.

For maintaining a FC current account, no minimum balance is required. For Fixed deposit account the minimum deposit amount is USD/EUR/GBP 1,000.

The available tenors are 3 months, 6 months, 1 year, 2 years, 3 years, 4 years and 5 years.

To open a Fixed deposit account, opening a current account is a mandatory requirement.

Yes, nominee is required for Individual accounts (both current and Fixed deposit) only as per existing policy.

Yes, the customer can physically come to open OBPLC IB account in any ONE Bank branch which will be routed through respective OBU branches i.e. Gulshan Branch (901) and Agrabad Branch (902).

No, there is no maximum limit for OBPLC IB account.

Yes, a customer can open multiple OBPLC IB accounts in USD, EUR and GBP separately as per their requirement.

Yes, a customer is free to open multiple IB accounts in any bank they desire.

No, currently IB account under Islamic Banking is not available with ONE bank.

Yes, ONE Bank App can be used by Individual account holders for viewing purpose only. No transaction can be done through ONE Bank app.

No there is no limit on the number of transactions in the account.

There are no fees and charges for maintaining OBPLC IB account and there is no hidden fee also. Details of the fees and charges are given below:

Applicable interest rates of IB account for different tenors will be available in OBL connect and Web Page of OBPLC.

The bank will use the prevailing TT clean Buying rate of the bank on the date of the conversion. The exchange rates are available in our website.

Yes, the entire balance along with interest of OBPLC IB account is freely transferrable abroad.

Yes, you can. In such cases the cross currency conversion will take place.

No, remittance incentive is not applicable to OBPLC IB deposits or encashment.

Our SWIFT Code is ONEBBDDH It is also known as BIC (Bank Identification Code).

OBPLC Offshore Banking SWIFT Code is ONEBBDDHOBU.

Exempted. As per new Offshore Banking Act passed by National Parliament of Bangladesh on 14 March 2024, depositors are exempted from any tax on the balance of OBPLC IB account and on any interest paid. Also no excise duty is applicable on the balance of the account.