|
| Home | Issues | The Daily Star Home | Volume 4, Issue 16, Tuesday April 24 , 2007 |
|
|
|
Dental Wise If you do not clean your dentures regularly or if the material used in your dentures is of poor quality then it may start to smell. Sometimes, because of other loose teeth a denture cannot properly fit- this may cause the tilting movement. If you really have bad teeth that can't be preserved, then I strongly recommend dental extraction and suggest you have new dentures made. As a diabetic patient you can visit the Department of Dentistry at BIRDEM hospital and have your dental treatment. Dear Dr Khan, Dear Mr Kishor, Dear Dr. Khan, Dear Ms Tanveera, Dear Dr.Khan, Dear Mr Madsur, Banking Tips ![]() What is the difference between a convertible account and non-convertible Taka account? The convertible account as per the FX Guideline of Bangladesh Bank (BB) is an account which Authorised Dealers are allowed to open in the names of foreign organisations or nationals with reference to diplomatic missions, UN organisations, non-profit international bodies, foreign contractors and consultants engaged for specific projects under the Government, semi-Government agencies and the expatriate employees of such missions or organisations who are resident in Bangladesh. These accounts may be credited and debited with foreign currency under certain conditions stipulated by Bangladesh Bank. A non-convertible Taka account can be opened by foreign organisations or their expatriate personnel mentioned above without prior BB approval. Though both are maintained in Taka, from non-convertible taka accounts the funds credited cannot be reconverted to Foreign Currency (FCY). Credit to this type of account can also be done from authorised sources. What is a KYC? Why are Banks asking for it? In plain terms KYC means Know Your Customer. Now, to know the customer, Bangladesh Bank in its Anti-Money Laundering Circular of 2002 has mandated banks to obtain certain information and take certain documents from prospective clients prior to opening the accounts. These documents are primarily identification papers. What is an ERQ account? This is basically an Export Retention Quota Account. It can be opened and operated by an exporter. A certain percentage of the export proceeds coming from abroad can be retained in the account by the exporter. For export of goods with high import content, this percentage amount will be smaller. What is an Excise Duty? This is a duty imposed by NBR payable by the depositor maintaining a deposit account at a bank. The duty amount deducted depends on the balance maintained by the depositor. In other words the excise duty amount would depend on the deposit maintained by the customer. Excise Duty is deducted once a year by the banks. The total duty amount collected from the depositors is then paid through a chalan to Bangladesh Bank. |
| home
| Issues | The Daily Star Home © 2007 The Daily Star | |