Bonds good investment for NRBs
Non-resident Bangladeshis (NRBs) seeking better returns than those of banks can invest in specialised bonds offered by the government and initial public offerings (IPO) of the stock market.
One is the Wage-Earner Development Bond, which has a face value of Tk 25,000 and a tenure of five years, completion of which yields 12 per cent interest. No tax needs to be paid for this income.
Premature encashment, however, results in a lower interest rate.
Once auto renewable, the bond can be bought from authorised dealer branches of any bank in Bangladesh and the country s embassies around the world.
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