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Home International Banking Bhutanese Living Abroad Deposits

Deposits

Existing BLA products

FC SAVINGS ACCOUNT
Non-resident Bhutanese can conveniently open a foreign currency account through REMITBHUTAN platform.

Visit the site here: https://www.remitbhutan.bt/

For more information, look through FAQ on Remit Bhutan CLICK HERE

Sl. no.CurrencyInterest Rates (per annum)
1USD2.75%
2AUD2.75%
3EURO2.75%
4GBP2.75%
Interest application – Simple Daily method, and Interest payment – Monthly

Bhutanese Living Abroad account holder shall be:

  • allowed to transfer the funds in the foreign currency account into Ngultrum account at the applicable exchange rate on the day of the transactions;
  • allowed to invest in account schemes, such as saving, current and fixed deposit;
  • allowed to avail international debit cards and other local cards facilities issued by the authorized bank. The card issued shall be tagged to the BLA’s FC account and limit usage shall be as per Annexure V of this Rules and Regulations.;
  • allowed full BLA remittance repatriation of the principal amount remitted in the currency of remittance from BLA Investment Account and BLA FC Account;
  • allowed to utilize foreign currency remitted for payment of all current transactions such as import of goods, expenses relating to travel, studies, business, medical treatment, etc.;
  • Allowed to withdraw cash in Ngultrum in Bhutan and in addition for BLA FC account and BLA Investment Account, USD 3000 or equivalent in foreign exchange per travel; and
  • allowed to maintain the foreign currency account upon return to the country permanently.

FIXED DEPOSIT

Currency
BTN

Interest Rate
0.25% higher than the normal fixed deposit

New BLA Product

BLA INVESTMENT ACCOUNT

ELIGIBILTY

  • All Bhutanese residing in a third country with sufficient repayment capacity.

Currency
BTN

Credit
PERMISSIBLE CREDIT INTO BLA INVESTMENT ACCOUNT

  • Proceeds of inward remittances to Bhutan
  • Interest accruing on the funds held in the account
  • Transfers from other BLA Investment Accounts and/or BLA Foreign Currency accounts
  • Maturity or sale proceeds of any permissible investment in Bhutan, including securities issued and traded on the Royal Stock Exchange of Bhutan Limited, which was originally made by debit to the account holder’s BLA Investment Accounts and/or BLA Foreign Currency accounts or out of remittances received from outside Bhutan through authorized bank and authorized money transfer agents.
  • Refund of subscriptions/fess/other charges for investment in permissible investments in Bhutan, including for new securities issued by Bhutanese companies on the Royal Stock Exchange of Bhutan Limited or portion thereof, if the amount of subscriptions/fess/other charges was paid from the account holder’s BLA Investment Accounts and/or BLA Foreign Currency accounts or out of remittances received from outside Bhutan through authorized bank and authorized money transfer agents.
  • Any other credit as allowed by the RMA.

Debit
No restriction

Investment
Only this account can be integrated with mCAMS to add money via mBoB and buy shares.