Retail Banking
 
 
deposit Products

Product Name AB Student Account
"AB Minor" and "AB Major"
Type Savings Account for the Students of Educational Institutions
Features
  • Eligibility?
    • AB Minor: Students of Educational institutions aged between 6 years to below 18 years
    • AB Major: Students of Educational institutions aged 18 years or older
  • Minimum initial deposit?
    • AB Minor: BDT 100.00
    • AB Major: BDT 500.00
  • Debit Card
    • AB Minor: Maximum withdrawal limit is Tk. 2,000.00 (Two Thousand) per month through the Debit Card. Limit will be extended up to 5,000.00 with guardian permission.
    • AB Major: Usual white debit card will be issued.
  • Cheque book
    • Cheque Book can be issued with no charges.
Interest Rates 7.00%
  • Interest on daily balance
  • Interest will be paid Half Yearly
Additional facilities
  • No Account maintenance fees
  • Free debit card
  • Free SMS/Internet Banking
  • Free standing instruction
  • Free Real Time Mobile Top-up*(GP, Banglalink, Citycell, Airtel, Robi, Teletalk).

Product Name Max Saver
Type Savings account with maximum returns.
Features
  • Account will be limited for  individuals only.
  • Initial deposit of minimum Tk. 50,000.00.
  • No restrictions on the number of transactions.
  • No interest forfeiting rules.
  • Free SMS banking & internet banking.
  • Interest will be calculated on daily balance and will be applied quarterly.
  • ATM transaction limit max Tk. 80,000.00 per day.
Interest Rates
Balance Rate
Less than Tk. 50,000.00 0.00%
Tk. 50,000.00 to less than Tk. 5,00,000.00 2.00%
Tk. 5,00,000.00 to less than Tk. 15,00,000.00 3.00%
Tk. 15,00,000.00 to less than Tk. 30,00,000.00 4.00%
Tk. 30,00,000.00 to less than Tk. 50,00,000.00 5.00%
Tk. 50,00,000.00 & above 6.00%
Additional facilities Customer will be eligible for the following privileges  upon maintaining average balance of 50,000.00 and above:
  • Free cheque book.
  • Free Debit card.
  • No Account maintenance fee.

Product Name Smart Saver
Type Online Savings Account
Features
  • Account will be limited for only individuals only.
  • Initial deposit of minimum Tk. 5,000.00.
  • No restrictions on the number of transactions.
  • No interest forfeiting rules.
  • Free SMS banking & internet banking.
  • Interest will be calculated on daily balance and will be applied quarterly.
Interest Rates
Balance Rate
Less than Tk. 5,000.00 0.00%
Tk. 5,000.00 to less than Tk. 2,50,000.00 2.00%
Tk. 2,50,000.00 to less than Tk. 5,00,000.00 3.00%
Tk. 5,00,000.00 to less than Tk. 15,00,000.00 4.00%
Tk. 15,00,000.00 to less than Tk. 25,00,000.00 5.00%
Tk. 25,00,000.00 & above 6.00%
Additional facilities

Customer will be eligible for the following privileges  upon maintaining average balance of 5,000.00 and above:

  • Free Debit card.
  • No Account Maintenance Fee

Product Name Deposit Double Scheme (DDS)
Features
  • Special type of fixed deposit account.
  • Interest rate : 9.00%
  • Make money double within 8 years & 1 months.
  • Minimum deposit amount is Tk.50,000 to maximum deposit of Tk.50,00,000.
  • Loan/overdraft facility can be availed up to 90% of the deposited amount.

Product Name Monthly Savings Deposit Scheme (MSDS)
Features
  • Monthly installment based savings scheme.
  • A person can contribute monthly installments of Tk.500 or it’s multiple(Tk.100 or its multiple for branches outside municipal area)
  • Account can be opened for 3, 5, 7 or 10 years.
  • Rate of interest : 9.00%
  • Loan/overdraft facility may be allowed up to 90% of the deposited amount subject to minimum BDT.15,000.
Returns
Monthly Installment Pre-tax maturity after:
3 years 5 years 7 years 10 years
500 20,680 37,832 58,287 96,585
1000 41,359 75,665 116,574 193,170
2000 82,719 151,329 233,149 386,339
5000 206,796 378,323 582,872 965,848
10000 413,593 756,646 1,165,745 1,931,695

Product Name Monthly Income Deposit (MIDS)
Features
  • Fixed deposit scheme with monthly returns.
  • Minimum deposit is Tk. 1,00,000.00 with the maximum amount being Tk 50,00,000 either in a single orjoint name.
  • Account can be opened for 1, 3 or 5 years.
  • Rate of interest: as follows:
Returns
Principal Amount Tenor Interest Rate Monthly Payment
100,000 1 8.00% 667.67
100,000 3 8.50% 708.33
100,000 5 9.00% 750.00

Principal Amount Tenor Interest Rate Monthly Payment
5,00,000 1 8.00% 3,333.33
5,00,000 3 8.50% 3,541.67
5,00,000 5 9.00% 3,750.00

Principal Amount Tenor Interest Rate Monthly Payment
10,00,000 1 8.00% 6,667.67
10,00,000 3 8.50% 7,083.33
10,00,000 5 9.00% 7,500.00

Product Name Millionaire Scheme Account (MSA)
Features
  • Monthly installment based savings scheme with fixed maturity value of BDT. One million (10,00,000).
  • The initial investment to will determinate  monthly installment amount.
  • Installment size varies with tenor and initial investment.
  • Account can be opened for 3, 4, 5 or 6 years.
  • Rate of interest : 9.00%
  • Loan/overdraft facility may be allowed up to 90% of the deposited amount subject to minimum BDT.15,000.
Installment size
Tenor (years) 3 4 5 6
Without initial investment 24,300 17,400 13,300 10,580
With initial investment of: 50,000 22,700 16,200 12,280 9,700
75,000 21,950 15,580 11,770 9,250
100,000 21,150 14,950 11,260 8,810
125,000 20,350 14,350 10,750 8,370
150,000 19,570 13,740 10,250 7,930
175,000 18,785 13,120 9,730 7,480
200,000 18,000 12,500 9,215 7,040

Personal Banking Loan Products


Product Name Personal Loan
Purpose Personal Loan may be availed for any purpose.
Loan Limit Maximum Tk. 10,00,000 (without collateral)
30% of the value of the quotation
Charges Application fee: Tk. 500
Processing fee: 1% on the approved loan amount
Tenor Min: 12 Months
Max: 60 Months
Rate of Interest

15-18%

Security Hypothecation of the product to be purchased.
Guarantee 1. Spouse/parent guarantee.
2. One personal guarantee.

Product Name Auto Loan
Purpose
  1. Purchase of Brand new cars
  2. Purchase of Re-conditioned cars
Loan Limit 50% of the value for brand new car or reconditioned car but not exceeding BDT 40,00,000/-
Charges Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount.
Tenor 12-60 Months
Rate of Interest 13-16%
Security Registration of the vehicle in the name of the bank on account of the client- Hire Purchase Mode.
Guarantee Personal guarantee of spouse/parents only.

Product Name Home Loan
Purpose
  1. Purchase of apartment/house within the Municipal areas of town/cities in Bangladesh.
  2. Purchase of Flat/Apartment/independent house not more than 15 years old.
  3. Completion of construction of a new house.
  4. Renovation of the existing house
  5. Loan takeover facility from other banks
Loan Limit Max: 70% of the value of the flat or construction cost but not more than Tk. 1,20,00,000
Charges Application fee: Tk. 500
Processing fee: 1% on the approved loan amount.
Tenor Max: 20 Years
Insurance Coverage Property insurance for Earthquake and Fire,  Death Coverage (optional).
Rate of Interest 12-15%
Security Registered mortgage of property along with registered IGPA to sell the property.

Secured Loan
Product Name Personal Overdraft-Secured
Purpose To meet personal exigency.
Loan Amount Maximum 90% of the security.
Charges Processing fee: 0.5% subject to Min Tk. 2,000.00 and Max Tk. 5,000.00
Rate of Interest For ABBL FDR: (3.00% over ABBL FDR)
Other Bank’s FDR, WDB: 18.25% p.a.
Security
  1. Lien over FDR, ICB Unit certificate, RFCD, NFCD, CD account(s) etc.
  2. One personal guarantee in case of third party cash collateral.