Photo : BSS

DHAKA, Oct 31, 2024 (BSS) - Bangladesh Bank (BB) has withdrawn the prescribed rate on account of interest or profit against Resident Foreign Currency Deposit (RFCD) accounts.

"To bring wider flexibility, it has been decided to withdraw the prescribed rate on account of interest or profit against RFCD accounts. Accordingly, Authorized Dealers can determine the rate of interest or profit on banker-customer relations," said a BB circular issued today.

Other relevant instructions shall remain unchanged, the circular added.