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BO Account Opening Requirements

Open a BO Account

To open a BO Account, you have to fill the necessary fields in the downloaded forms (Go to Form Download tab to download the form).First you have to fill up the Customer Account Information Form. If account holder wants to give power of attorney to anyone, s/he has to fill the Power of Attorney form. And lastly if account holder wants someone to be the nominee of the account s/he has to fill the BO Account Nomination Form.

Necessary Documents for open new BO Account

Bangladeshi National (Single Account)

  • A complete set of account opening form
  • Two copy of passport size photograph of the account holder
  • National ID card/Passport of account holder and nominee.
  • Two copy of photograph of nominee/authorized/POA (If needed)
  • Bank Statement/Photocopy of Cheque Leaf

** For joint account you have to attach photocopy of existing BO Account Profile

Bangladeshi National (Joint Account)

  • A complete set of account opening form
  • Two copy of passport size photograph of the first account holder
  • Two copy of passport size photograph of the second account holder
  • National ID card/Passport of first & second account holder and nominee.
  • Two copy of photograph of nominee/authorized/POA (If needed)
  • Bank Statement/Photocopy of Cheque Leaf

**In case of joint account the second holder of course has to be NRB. And he must provide his passport and visa photocopy.

Bangladeshi Institutions/Limited Company

  • A complete set of account opening form
  • Copy of Memorandum and Articles of Associations
  • Copy of certificate of Incorporations
  • Copy of trade license (if any)
  • Board resolutions
  • Two copy of passport size photograph of authorized person(s)
  • Authorized person National ID card
  • Bank Statement/Photocopy of Cheque Leaf

Proprietorship Account

  • A complete set of account opening form
  • Two copy of passport size photograph of the account holder & Nominee
  • Copy of valid Trade License
  • Copy of NID Account holder & nominee
  • Bank Statement/Photocopy of Cheque Leaf

List Of Required Document For Association/Trust/Society/Provident Fund

  • Copy of constitution/By law/Rules
  • Trust Deed ( Applicable for Trust account only)
  • Certificate of Registration
  • List of member of the governing body to open the account and authorization for operation
  • List of Authorized signatories along with address.
  • Reorganization letter from NBR (Applicable for provident fund only)
  • Cheque leaf
  • NID Photocopy authorized person

NRB(Non Resident Bangladeshi)

  • Photocopy of Passport / Social Security Card / Resident Card etc duly attested(if you are situated in a foreign country then attestation needs to be done by the respective Bangladesh Embassy or High Commission).
  • An FC account with any Bank with branch in Bangladesh.
  • Two passport size photographs of the account holder(s).
  • A Nominee – beneficiary in case of death of the investor. His/her signature and photo (duly attested by the investor) on the prescribed form provided by the brokerage house.
  • Employment certificate / trade license copy / work permit or Pay slip / tax return document as a proof of earning status of the NRB.
  • A nominated person with POA (Power of Attorney) who will sign trading documents on behalf of the NRB while he is abroad. His/her photo (attested by the NRB) and signature in a prescribed form by the brokerage house (POA can be any adult person of legal age residing in Bangladesh).