Non-Resident Investors Taka Account(NITA)

Features

Non resident person/institutions including Non-resident Bangladeshi nationals may buy/sale Bangladeshi Shares and Securities through opening NITA Account in any AD branches of our Bank. The features of NITA Account are as follows:

  • You being a NITA account holder can purchase shares and securities of domestic company. The profit and dividend of these shares and securities and the sale proceed of shares and securities can be deposited in the NITA account.
     
  • You can also credit the fund in the NITA Account of foreign currency remitted from abroad through banking channel or by transfer of fund from Non-resident Investors Foreign Currency if any in Bangladesh.
     
  • You may freely use the balances of NITA for buy & sale of shares and securities and freely remit abroad in equivalent Foreign Exchange.
     
  • You may appoint nominee for transaction of the Account or nominated us as nominee to buy and sale of shares.
  • Now a day a BO A/C is required to open to buy and sale of shares & securities.

Requirements

  • All Bangladeshi nationals (Bangladeshi passport holders) who are working/living abroad can open NITA. Foreign passport holders who are originally from Bangladesh are also eligible to open an account.
  • A minimum balance of BDT 100,000.00 should be maintained in NITA.


    You have to execute/provide the following papers/documents to open and operate the FC, NFCD, NITA Account and purchase of WEDB/ US Dollar Premium Bond/ US Dollar Investment Bond :-

    The concern authorities are Bangladesh Embassy/ Bangladesh High Commission/ Notary public of the concerned countries/ Bank who have correspondence relationship with us, if the accountholder reside abroad.

    1. Copy of employers certificate/ work permit/ I-20 to be duly attested by the concern authorities.
    2. Copy of the Passport including the signature page with other relevant pages to be duly attested by the concern authorities.
    3. The required documents supplied by us to be duly filled in by the account holder
    4. You have to attest the photographs and signature of the nominee.
    5. You have to provide two passport size photographs (duly attested).
    6. Duly filled in the Application Form along with specimen signature card.

    No attestation is required if a) you stay in Bangladesh at the time of opening the Account or b) you have another FC Account maintain with us.

    Fees


    • Maintenance fee of BDT500 + (15% VAT) will be applicable on a half-yearly basis.
    • Settlement Fee: 0.50% + (15% VAT) per transaction on transaction amount to be charged by HSBC with minimum of BDT500.00 + (15% VAT) or maximum BDT5000.00 + (15% VAT) per transaction.

    CDBL and Other Charges

    • Transaction Fee: CDBL would also charge a Transaction Fee of 0.025% on the market value of the share with a minimum charge of BDT5.00 per transaction. The total fee would be charged back on every month end.
    • Custodian Fee: CDBL will charge BDT300.00 + (15% VAT) per annum for maintaining BO account.
    • Brokerage Commission: The brokerage firm will charge @ 0.40% per transaction.
    • Power of Attorney (POA) revalidation charge of BDT5,350 + (15% VAT) will be applicable if received within 90 days of signing by the Bangladesh High Commission or Embassy in the respective foreign country. BDT7,850 + (15% VAT) charge will be applicable if received after 90 days.
     

Fees

  • Maintenance fee of BDT500 + (15% VAT) will be applicable on a half-yearly basis.
  • Settlement Fee: 0.50% + (15% VAT) per transaction on transaction amount to be charged by Trust Bank with minimum of BDT500.00 + (15% VAT) or maximum BDT5000.00 + (15% VAT) per transaction.