Opportunity to invest in Govt. Bonds
Avail investment in SanchayPatra from your account. Enjoy NRB Bonds facility if you are a Non-resident Bangladeshi
FOR INDIVIDUAL
FOR BUSINESS
Avail investment in SanchayPatra from your account. Enjoy NRB Bonds facility if you are a Non-resident Bangladeshi
easily from your Account, no matter where you are
facility (upto 75%) of the value of WEDB
Any active CASA (Current Account/Savings Account) holder of SCB Bangladesh can invest in Sanchaypatra from any of the branches of the bank. Bank can only issue Sanchaypatra in the name of the existing CASA account holder of SCB Bangladesh by debiting that accountholder’s account only.
Total purchase limit for SP is BDT 50 lac in single name. However, there are individual limits on each instrument type:
Maximum purchase limit for joint name is BDT 1 Crore and at product level is:
Please refer to the Eligibility & Documents section above.
For investing in Sanchaypatra, client need to have the below mentioned documents:
Yes, it is mandatory to have an active account relationship with Standard Chartered Bank for investing in Sanchaypatra.
No. An account holder can only invest in Sanchaypatra in his/her own name. He/she won’t be able to invest in Sanchaypatra in any other individual’s name.
No. Only one of the Sanchaypatra holders should maintain CASA account with SCB Bangladesh and a REL ID needs to be created for the other holder who doesn’t have account with SCB.
NO. Minor are not eligible to purchase any SP as mandatory requirement for issuing SP are NID & TIN.
Yes. The Bangladesh Sanchaypatra that were purchased in third party’s name from existing CASA account holder’s account will be auto renewed for another term only (as per Sanchaypatra rule).
Any Bangladeshi nationals living abroad and earning Foreign currency can invest in Govt NRB Bonds. Among the three NRB Bonds, US Dollar Premium Bond (DIB) and US Dollar Investment Bond are issued in USD and Wage earner Development Bond is issued in BDT. Apart from NRB wage earners, individuals working for govt or semi govt organization abroad or working in mission can also invest in WEDB with their wage earned in foreign currency till the tenor of the work is valid.
You can invest as long as you are resident abroad (i.e. as long as you account is marked as Non-resident).
NRB Client maintaining an account with us, will need to submit the following forms:
It is mandatory requirement to have a Non-resident FCY account with SCB for investing in NRB Savings Bond. NRBs can also investment in WEDB from their NRT and NRX account maintained with SCB. (https://www.sc.com/bd/swadeshi-banking/)
The maximum investment limit in any (or combination) of NRB Bonds is BDT One Crore or equivalent Foreign currency. Investments from a Wage Earner made in name of other beneficiary(s) will also be considered within this investment limit.
If existing investment in NRB savings Bond is more than BDT one crore, then it will be allowed to carry it forward till the maturity of the bonds.
During the time of reinvestment, if the total investment limit for that bond holder is more than BDT one crore, then it will not be possible to process that reinvestment request.
Yes, Wage earners Development Bond can be purchased against wage earners beneficiary’s name. However maximum limit for all NRB Bonds (combined) is capped at BDT one crore [including those in the name of Wage Earner as well as beneficiaries(s)].
It will suffice if the Wage Earner maintains an account with SCB.
A Wage Earner cannot invest more than BDT one crore in NRB Savings bond, no matter in whose name the bond has been purchased.
As per agreement between The Government of Bangladesh and Bangladesh Bank in 1985 (Treasury rules-1998 (Appendix-1, Section-3) and Bangladesh Bank (BB) Order-1972, article 20 empowers BB to issue new loans and manage public debt for the Government.
Primary Dealers (PDs) can place bids in auction. Other commercial banks and Non-Bank Financial institutions, Insurance companies, corporate, individuals, provident fund etc. can also participate in auction through PDs.
Minimum bid amount is Taka one lac and its multiples.
Yes, any individual can buy Government security through Primary Dealers/Scheduled Banks in auction.
Scheduled Banks and financial institutions maintaining accounts with Motijheel Office of Bangladesh Bank will take initiative to open Business Partner Identification (BP ID) in favour of their individual/institutional customers in Market Infrastructure (MI) Module of Bangladesh Bank to participate in the auctions. Individuals may also buy or sell government securities in secondary market over the counter (OTC)/Trader Work Station (TWS) of MI module.
Yes, Foreigners/Non-resident individual/institutions can buy Bangladesh Government Treasury Bond (BGTB) from Primary and Secondary market through Primary Dealers and other Banks.
However, SCB does not offer T-Bills/Bonds to NRB customers.
Minimum bid amount is Taka one lac/0.1 million and its multiples.
No, premature encashment is not available.
T-Bills/Bonds purchased through SCB will not be tradable in secondary market.
Primary Dealers are financial institutions that act as underwriters of government securities in primary auction. Auction Committee can devolve securities on Primary Dealers (PDs) in case they find the offered bids unacceptable. PDs receive periodic underwriting commission on successful bids and devolved amount.
This information is neither an offer to sell, purchase or subscribe nor a solicitation of such an offer. This information is general and does not take into account a person’s individual circumstances, objectives or needs. Please visit any of our branches or contact your relationship manager to make an appointment.
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The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.
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