Bangladesh, June 24 -- The central bank has introduced a Non-Resident Convertible Tk Account (NRCTA) facility for Non-Resident Bangladeshis (NRBs) aiming to boost remittance inflows with strengthening investment linkage.

The new account NRCTA -will also help expedite offshore banking operations through Offshore Banking Units (OBUs) of scheduled banks, officials said.

Under the new framework, NRBs will be allowed to open NRCTAs with OBUs in the form of savings, current, or fixed deposit accounts against inward remittances routed through banking channels, according to a notification, issued by the Bangladesh Bank (BB), on Tuesday.

The accounts may also receive funds transferred from other NRCTAs, interest earnings, proceeds from permitt...