MBL Prabasi Masik Sanchaya Prokolpo

Masik Sanchaya Prokolpo (MSP) for NRBs is a monthly installment base savings deposit product with flexible long term tenure for individuals who is already living outside of Bangladesh or proceeding abroad for employment. It is the initiative of Bangladesh Bank to encourage NRBs in saving their hard earned income in Bangladesh.


  • To facilitate inward wage remittances through banking channel
  • To encourage NRBs in saving their hard earned income in Bangladesh
  • To strengthen financial inclusion program


  • Any Bangladeshi passport holder who is living outside Bangladesh and working there with a valid work permit/resident visa.
  • Any Bangladeshi crew member working in foreign shipping company.
  • Persons who are leaving Bangladesh with a job offer (overseas posting/new job) can open NRB account before leaving Bangladesh.
  • Minimum Age: 18 years

Period & Benefits

Period Simple Interest Rate Effective Interest Rate
1 Years 7.00% 7.23%
3 Years 7.25% 7.50%
5 Years 7.25% 7.50%
8 Years 7.25% 7.50%
10 Years 7.25% 7.50%

Main Features

  • Only Non Resident Bangladeshis (NRBs) may open this account in their own name.
  • Only Individual Customers (single account holder) is entitled to open this account. There is no option to open this account jointly.
  • Tenure: 1 year, 3 years, 5 years, 8 years and 10 years.
  • Monthly Installment: BDT 500, 1000, 1500, 2000, 2500, 5000 and in multiples of 5000 up to BDT 25000.
  • Interest Rate offered to Customers is 7% for 1 year and 7.25% for rest of the tenures.
  • The account will be matured after completing specified years (1/3/5/8/10) on the same date as it was opened.
  • Loan facilities (in taka) may be granted up to maximum 80% of the deposited amount (minimum amount Tk. 10,000).

Document Required

  • Two copies of recent passport size photographs of NRBs (duly attested).
  • Copy of passport size photograph of each nominee(s) attested by the NRB Account Holder (s).
  • Copy of Passport, Visa, work permit and salary certificate of NRB(s).
  • Documents regarding income source(s) of the Account Holder (s).
  • Copy of NID/Passport of each Nominee(s).
  • Copy of Utility Bill (Electricity Bill/ Land Phone bill/ Cell Phone Bill/ Gas Bill/ WASA Bill) in the name of applicants to identify present Address.
  • Copy of e-TIN Certificate of the Account Holder (s) (if any).



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