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NRBC Bank launches six NRCT accounts for expatriates
Published : Wednesday, 11 November, 2026 at 4:03 PM
Press Release
NRBC Bank PLC has introduced six types of Non-Resident Convertible Taka Accounts (NRCTA) to expand savings and investment opportunities for Bangladeshi expatriates. The new accounts were formally inaugurated by the Bank’s Managing Director & CEO, Dr. Md. Touhidul Alam Khan, FCMA, at the Bank’s Head Office on Wednesday, November 11, 2026.
Of the six accounts, three are designed for customers under conventional banking services: NRCTA Saver, NRCTA Biz and NRCTA FDR. The remaining three are available under the Bank’s Shariah-based Islamic banking services: Mudaraba Savings NRCTAccount, Mudaraba MTDR NRCT Account and Al-Wadiah NRCTA Account.
Among others, the inauguration ceremony was attended by Deputy Managing Director and Chief Business Officer (CBO) Md. Shaheen Howlader; Chief Credit Officer Mr. Tanushree Mitra; Chief Human Resources Officer (CHRO) Mr. Faisal Ahmed; Chief Financial Officer (CFO) Mr. Rasedul Islam, FCA, FCMA; Head of International Division Mr. Hasnat Reza Muhibbul Alam; Head of Islamic Banking Window Md. Abdul Gafur Raana; Head of ICT Operations Division Md. Razidul Islam; Head of Treasury Mr. Kazi Zunaid Zaman; and Head of SME-Agri Business Division Md. Romjan Ali Bhuyan.
Speaking at the event, the Managing Director of NRBC Bank, Dr. Md. Touhidul Alam Khan, said, “NRCT Accounts will establish a secure and institutional banking relationship between Non-Resident Bangladeshis (NRBs) and the country’s financial system.
With the introduction of six new NRCT account products by NRBC Bank, expatriate Bangladeshis will have expanded opportunities to save and invest in Bangladesh. In addition to earning Shariah-compliant returns, account holders will be able to repatriate their funds abroad, including both principal and profit, and conveniently operate their accounts through digital banking channels.”
Through the bank’s Authorized Dealer (AD) branches and Offshore Banking Unit (OBU), expatriate Bangladeshis will be able to maintain current, savings and term deposit accounts. These accounts offer a range of attractive benefits, including the flexibility to withdraw or repatriate the entire account balance along with accrued returns at any time, market-driven interest/profit rates, and monthly crediting of interest/profit for NRBC NRCT Account holders.
The introduction and operation of NRCT Accounts are expected to play a significant role in promoting remittance inflows through formal banking channels, ensuring greater financial security for expatriate Bangladeshis and strengthening the country's foreign exchange reserves.
-MT
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Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Advertisement: 41053012; 01793317829, 01550707291, 01550707296
E-mail: [email protected], [email protected]. [email protected], [email protected], [email protected], [email protected], Online-email: [email protected]
