Regulatory Alerts2020-09-07
Added · Updated
DMD Circular Letter No. 05: Regarding Further Clarification of the Rule related to Wage Earner Development Bond Eligibility
The document clarifies that expatriate Bangladeshis receiving foreign currency pensions, beneficiaries receiving service benefits upon a wage earner's death, and Bangladeshi mariners, pilots, or cabin crew employed by foreign-owned shipping/airline companies or foreign offices of Bangladeshi-owned companies are not eligible to purchase Wage Earner Development Bonds. These specific groups are explicitly excluded from bond purchase opportunities under the clarified rules.
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