Wage Earner Development Bond
Diaspora Bonds (Wage Earner Development Bond, US Dollar Investment Bond and US Dollar Premium Bond) are the financial instruments/savings schemes introduced by Internal Resources Division (IRD) and supervised by National Savings Directorate (NSD) under IRD, Ministry of Finance. IRD formulates policies related to NRB Savings Schemes entirely as a part of national fiscal policy regulated and implemented by Bangladesh Government. Bangladesh Bank (BB) as monetary policy authority of Bangladesh and an indispensable organ of Peoples’ Republic of Bangladesh, supports government in administrative and operating activities mainly payment mechanism of NRB Savings Schemes through its regulatory authority over the entire banking system. It disseminates formulated policies for the banking system through issuing circular/circular letters. In addition, it clarifies the queries and settles complains raised from the different stakeholders (issue offices, investors etc.) as per existing Bond rules and related guidelines set by the aforesaid authorities. In accordance with the directive of Finance Division, Ministry of Finance, Diaspora Bond related services have been automated under the umbrella of National Savings Scheme Management since 31 Nov 2021. Manual issuance of new NRB Bonds is closed down from this date.
💰 Interest Rates Structure (Simple Interest)
| Tenure | Up to 15 Lac | 15-30 Lac | 30-50 Lac | Above 50 Lac |
|---|---|---|---|---|
|
Within 6 months |
No Interest |
No Interest |
No Interest |
No Interest |
|
6–12 months |
8.70% |
7.98% |
7.25%
|
6.53%
|
|
12–18 months |
9.45% |
8.66% |
7.88% |
7.09% |
|
18–24 months |
10.20% |
9.35% |
8.50% |
7.65% |
|
24–60 months |
11.20% |
10.27% |
9.33% |
8.40% |
|
At Maturity (5 Years) |
12.00% |
11.00% |
10.00% |
9.00% |
📄 Overview
- Bond Type: Taka Denominated Diaspora Bond
- Issuer: Government of the People’s Republic of Bangladesh
- Currency: BDT (converted from foreign remittance)
- Minimum Investment: No minimum; any amount through remittance
- Maximum Limit: No upper investment limit
- Maturity Period: 5 (Five) Years
- Profit Calculation: Simple Interest
- Investment Period: Initial investment + Maximum 2 reinvestments (up to 15 years)
- Reinvestment: Permitted for 2 additional terms regardless of NRB status (with approval)
🧾 Required Documents
- National ID (NID) of both Bond Holder and Nominee
- Valid Passport Copy
- Job Visa/ Work Pass / Permanent Residency
- Remittance Proof
- Other supporting documents as needed
🧑🤝🧑 Eligible Purchasers
- Bangladeshi citizens working abroad and their nominees
- Mariners, pilots, cabin crew of international transport services
- Government employees on lien abroad or working in foreign missions
- Employees of statutory/autonomous/semi-autonomous bodies abroad
🎁 Special Benefits
- Half-Yearly Interest Payouts: In BDT
- Death Risk Coverage: One-time BDT 25,000 (applicable if wage earner is ≤55 years at time of death)
- Tax Exemption: On both investment and interest
