Regulatory Alerts2014-12-07
Added · Updated
FEPD Circular No. 38: Transactions in Non resident Taka Accounts (NRTA)
Debits to balances in non-resident taka accounts are now permissible for outward remittances covering subsistence expenses of individual account holders and their families in their country of residence, as well as current payments by institutional account holders for permissible procurement of goods and services from abroad. These transactions remain subject to approval and reporting requirements in form A-7. All other instructions regarding Section II, Chapter 14 of the GFET, Vol-1, 2009 remain unchanged.
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