automatic renewal

Customer can retain the payment (received through inward remittance) in ERQ account and BDT account simultaneously. The account holder will have the option of retaining maximum 60-70% of the inward remittance in the foreign currency account.

money fund transfer

Remit fund from ERQ account through Wire Transfer/ and Demand Draft for bonafide business purposes.


  • Firms earning export proceeds

Documents Required

  • Commercial Account Opening Form
  • Board resolution for opening the account & its operations
  • Valid Current Trade License
  • Trade License of last 3 years
  • National ID/Passport/Driving License of the owners of the company
  • 12 Digit e-TIN certificate
  • PIF & Photo ID of the directors, signatories & the persons holding 10% or more shares
  • Partnership deed and registration certificate from registrar of firms ( for Partnership businesses only)
  • Memorandum of Article of Association and Certificate of Incorporation (for Limited Company only)
  • Updated Form X and XII ( for Limited company only)
  • Renewed ERC Certificate
  • BASIS Certificate

Please note that the above requirements are not exhaustive and the bank may require further documentation to open an account on a case to case basis.

*Terms & Condition Apply

Export Retention Quota Account (ERQ) Exporters who want to retain a portion of their export proceed in foreign currency can open ERQ account.


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