Apply In-Person:

1. To Apply for Wage Earner Development Bond Purchase, the applicant has to approach the Central Bank OF Bangladesh link
2. An application form will be provided to the applicant by the concerned officer. Or the applicant has to download the application form from the following link
3. The applicant has to fill in all the necessary details in the application form.
4. The applicant has to attach the necessary documents that are mentioned in “Required Documents” section of this page.
5. The applicant has to attach the photocopies of the required documents along with the application while submitting.
6. Submit all the documents with the completed application to the concerned officer.
7. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
8. An acknowledgment receipt will be provided. Please save it for future reference.
9. The applicant has to pay the prescribed fee as requested.
10. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
11. This entire process can be completed within 10-15 days or as per the timeline advised by the respective department authority.

• Completed Application form link
• Photocopy of passport
• 7 copies of passport sized photographs of the applicant
• 3 copies of passport sized photographs of nominee (with applicant’s signature)
• Any statement from the employer or a business document if the applicant are involved in business
• Copy of resident/work permit or valid visa

CENTRAL BANK OF BANGLADESH
NRB Bond Communication Unit
Debt Management Department
27th Floor, 2nd Annex Building
Bangladesh Bank, Head Office
Motijheel C/A, Dhaka-1000, Bangladesh
Phone: +880-2-9530190
PABX: +880-2-9530010-75, Ext.: 3296, 3285 & 3272
Fax: +880-2-9530205,
E-mail: nrb.info@bb.org.bd
Website link
Contact details link

• A Bangladeshi wage-earner serving abroad and entitled to wage-earners‟ rate of exchange on his own earnings in foreign exchange-
  • In his own name or
  • In the name of any other person named in his application And
• A beneficiary of a wage-earners‟ remittance in foreign exchange in his own name or in the name of wage-earner if he produces sufficient proof to the effect that the remittance has been made by the wage-earner out of his own earnings in foreign exchange or in Taka currency received against foreign exchange remittance and the remittance is adequate to cover the value of the Bond.
• Where a wage-earner is an employee of the Government or a statutory, autonomous or semiautonomous body working abroad on lien he shall be eligible to purchase a bond if he has fulfilled the requirements as prescribed by the Government from time to time in respect of compulsory remittance of a portion of his gross salary to Bangladesh through normal official channel at the official rate of 3 exchanges. Employees of Bangladesh Missions abroad employed by the Government and paid in Foreign Currency, being not Wage earners, shall also be eligible to purchase a bond.

• The fee for this procedure has to be paid as per the authority request.

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

• Application form link

Please attach sample completed documents that would help other people.

• This entire process can be completed within 10 -15 or as per the timeline advised by the respective department authority.

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

• Name of the holder and nominee
• Age
• Address
• City
• State
• Postal code
• Date of birth
• Marital status
• Citizenship
• Occupation
• Relation with the nominee

• Wage Earner Development Bond (WEDB) is a product designed by Bangladesh Central bank for Bangladeshi national living abroad. The objective of this product is to encourage the NRBs to invest their hard-earned money to purchase WEDB on which the government guarantees a fixed interest rate.

• For more information link

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

Place some external links which might help.

• Tax exemption on the principal and interest amount.
• Loan Facility on the bonds in Bangladesh
• Maximum limit up to TK 1 crore on bond purchase.
• Death risk benefit up to 30% to 50% of investment.
• Interest payable every six months in BD
• Can be used as security for any loan
• Purchaser of Wage Earner's Development Bond can repatriate the principal amount of the bond in foreign currency.