Dhaka:Bank managing directors have proposed relaxing the National Identity Card (NID) requirement for opening bank accounts by expatriates and increasing the existing loan ceiling against deposits to facilitate greater participation of non-resident Bangladeshis in the country's banking system.
According to Bangladesh Sangbad Sangstha, the proposals were placed at a meeting between Bangladesh Bank (BB) Governor Md Mostaqur Rahman and managing directors of different banks at the central bank's head office. Deputy Governors Kabir Ahmed and Md Sarwar Hossain were also present at the meeting.
Bankers suggested allowing expatriates to open Non-Resident Taka Accounts (NRTAs) using their passports instead of NIDs, as many Bangladeshis living abroad do not possess NIDs, limiting their access to banking services. They also called for reviewing the existing Tk 10 lakh loan ceiling against deposits held in expatriate accounts to make the facilities more attractive and accessible.
The meeting also discussed introducing a digital and hassle-free account-opening system similar to Pakistan's Roshan Digital Account (RDA), which allows overseas citizens to access banking services remotely. Bangladesh Bank spokesperson Arif Hossain Khan stated that the bankers had shared their views on simplifying non-resident accounts and increasing foreign currency inflows.
He said the proposals would be submitted to the central bank in writing, after which Bangladesh Bank would consider the key recommendations and issue fresh guidelines accordingly. Measures to increase foreign currency inflows and stabilise the exchange rate of the US dollar were also discussed.
Bankers stressed the need for forecasting demand and managing dollar reserves accordingly to avoid sudden pressure on the foreign exchange market. Earlier, on June 23, 2026, Bangladesh Bank issued a circular allowing expatriates to open Non-Resident Convertible Current, Savings and Fixed Deposit Accounts.
Under the circular, expatriates can deposit funds remitted through banking channels and freely repatriate their principal and any interest or investment income earned. The accounts also allow funds to be used for domestic payments, conversion into foreign currency accounts, foreign direct investment and portfolio investments, subject to applicable regulations.
Bangladesh Bank also permitted domestic banking units to provide loans against deposits held in these accounts to expatriates or their nominated beneficiaries. The loans can be used for personal or business purposes, except for investments in agriculture, forestry and housing. The initiatives are aimed at attracting more foreign currency through formal banking channels and creating greater opportunities for expatriates to participate in Bangladesh's economy.