Regulatory Alerts2022-10-24
Added
DMD Circular Letter No. 09: Considering Passport Number as Unique Identification Number for Purchasing US Dollar Premium Bond and US Dollar Investment Bond
The Ministry of Finance amends its previous circular to allow investors without a National Identity Card (NID) to use their passport number as a Unique Identification Number for purchasing US Dollar Premium Bonds and US Dollar Investment Bonds, thereby making the NID no longer mandatory for these transactions. This directive applies to all investors in these specific bond instruments and is communicated to scheduled banks in Bangladesh by the Bangladesh Bank's Debt Management Department for necessary action.
50119
Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.
Debt Management Department
Date: 08 Kartik 1429 24 October 2022
Ref: DMD Circular Letter No-09
Managing Director/Chief Executive Officer All Scheduled Banks operating in Bangladesh, excluding Shariah-based banks.
Dear Sir,
Regarding the withdrawal of the obligation of National Identity Card (NID) for investment in US Dollar Premium Bond and US Dollar Investment Bond.
With reference to your letter dated 23 November 2021, Ref No- DMD/SB/20/2021-2068 of this department, the Memorandum No-07.00.0000.103.18.002.18-235 dated 24 October 2022 of the Finance Division, Ministry of Finance, Government of the People's Republic of Bangladesh, is enclosed herewith for your information and necessary action.
Yours faithfully,
(Khandakar Siddiqur Rahman) Director (DMD) Phone: 9530131
Enclosure: 01 (one) page.
Phone: 88-02-9550848, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530479, www.bb.org.bd
Bangladesh Bank Head Office, Dhaka. Debt Management Department Director (DMD) 24 OCT 2022 Additional Director-1, 2, 3, 4, 5 System Generated No-2231
Government of the People's Republic of Bangladesh Finance Division, Ministry of Finance Budget Sub-division-1, Branch-3 www.mof.gov.bd
Date: 08 Kartik 1429 24 October 2022
Memorandum No-07.00.0000.103.18.002.18-235
Subject: Withdrawal of the obligation of National Identity Card (NID) for investment in US Dollar Premium Bond and US Dollar Investment Bond.
Reference: 1. Memorandum No-07.00.0000.103.18.002.18-595 of Finance Division, dated: 17.11.2021. 2. Letter No-DMD/SB/20/2021-2068 of Bangladesh Bank, dated: 23.11.2021.
In light of the above subject and references, it is directed that the following sub-paragraph 2(gh) is added to sub-paragraph 2(g) of Memorandum No-595 issued by the Finance Division on 17.11.2021:
(gh) In the case of US Dollar Premium Bond and US Dollar Investment Bond, if the investor does not have a National Identity Card (NID), the passport number may be used as 'Unique Identification Number'. In this regard, National Identity Card (NID) will not be mandatory.
(Md. Tauhidul Islam) Under Secretary 22338386 E-mail: touhiduli@finance.gov.bd
Governor Bangladesh Bank Head Office Motijheel B/area, Dhaka
Copy for information and necessary action:
- Senior Secretary, Internal Resources Division, Ministry of Finance, Bangladesh Secretariat, Dhaka
- Director General (Additional Secretary), National Savings Directorate, Bangladesh Secretariat, Dhaka
- National Program Director (Additional Secretary), SPAFMS Program, IEB Head Quarter, Dhaka
- Personal Secretary to Senior Secretary, Finance Division, Bangladesh Secretariat, Dhaka
- General Manager, Debt Management Department, Bangladesh Bank, Head Office, Motijheel, Dhaka