Retail Banking
 
 
deposit Products

Product Name AB Student Account
"AB Minor" and "AB Major"
Type Savings Account for the Students of Educational Institutions
Features
  • Who are eligible?
    • AB Minor: Students of Educational institutions with an age between 6 years to below 18 years
    • AB Minor: Students of Educational institutions with an age of 18 years and above
  • What is the minimum initial deposit?
    • AB Minor: BDT 100.00
    • AB Major: BDT 500.00
  • Can Debit Card be issued?
    • 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.
  • Can Cheque book be issued?
    • Cheque Book can be issued with no charges.
Rates 8.00%
  • 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 only individual.
  • Initial deposit of minimum Tk. 50,000.00.
  • No restriction on the number of transaction.
  • 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.
Rates
Balance Rate
Less than Tk. 50,000.00 0.00%
Tk. 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. 30,00,000.00 5.00%
Tk. 30,00,000.00 to less than Tk. 50,00,000.00 6.00%
Tk. 50,00,000.00 & above 7.00%
Additional facilities Customer will be privileged by following facilities upon maintaining average balance of 50,000.00 and above:
  • Free cheque book.
  • Free Debit card.
  • No ledger fee.

Product Name Smart Saver
Type Online Savings Account
Features
  • Account will be limited for only individual.
  • Initial deposit of minimum Tk. 5,000.00.
  • No restriction on the number of transaction.
  • No interest forfeiting rules.
  • Free SMS banking & internet banking.
  • Interest will be calculated on daily balance and will be applied quarterly.
Rates
Balance Rate
Less than Tk. 5,000.00 0.00%
Tk. 5,000.00 to less than Tk. 2,50,000.00 3.00%
Tk. 2,50,000.00 to less than Tk. 5,00,000.00 4.00%
Tk. 5,00,000.00 to less than Tk. 15,00,000.00 5.00%
Tk. 15,00,000.00 to less than Tk. 25,00,000.00 6.00%
Tk. 25,00,000.00 & above 7.00%
Additional facilities

Customer will be privileged by following facilities upon maintaining average balance of 5,000.00 and above:

  • Free Debit card.
  • No Account Maintenance  Fee (AMF)

Product Name Deposit Double Scheme (DDS)
Features
  • Special type of fixed deposit account.
  • Interest rate : 10.50%
  • Make money double within 7 years.
  • 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 Tk.500 or it’s multiple(Tk.100* for branches outside municipal area)
  • Account can be opened for 3, 5, 7 or 10 years.
  • Rate of interest : 10.50%
  • 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 21,163 39,346 61,658 104,979
1000 42,327 78,692 123,317 209,958
2000 84,654 157,384 246,634 419,917
5000 211,634 393,461 616,585 1,049,791
10000 423,268 786,922 1,233,170 2,099,583

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/joint name.
  • Account can be opened for 1, 3 or 5 years.
  • Rate of interest : 10.50%
Returns
Principal Amount Monthly Payment
100,000 875
5,00,000 4,375
10,00,000 8,750

Product Name Millionaire Scheme Account (MSA)
Features
  • Monthly installment based savings scheme with fixed maturity value of BDT. One million (10,00,000).
  • Scope of initial investment to reduce monthly installment.
  • Installment size varies with tenor and initial investment.
  • Account can be opened for 3, 4, 5 or 6 years.
  • Rate of interest : 10.50%
  • 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 23,710 16,870 12,790 10,950
With initial investment of: 50,000 22,110 15,610 11,735 9,175
75,000 21,310 14,980 11,210 8,715
100,000 20,510 14,355 10,685 8,255
125,000 19,710 13,725 10,155 7,800
150,000 18,910 13,100 9,630 7,340
175,000 18,110 12,470 9,105 6,880
200,000 17,315 11,840 8,575 6,420

Personal Banking Loan Products


Product Name Personal Loan
Purpose Personal Loan may be availed for purchase of household items, marriage, House/Office Renovation etc.
Loan Limit Minimum Tk. 50,000/-
Maximum Tk. 10,00,000/- (without collateral)
30% of the value of the quotation
Charges Application fee: Tk. 500/-
Processing fee: 1.5% on the approved loan amount
Tenor Min: 12 Months
Max: 60 Months
Rate of Interest 16.00% p.a.-19.00% p.a. (to be determined by ALCO from time to time)
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 30% of the value for brand new car or reconditioned car but not exceeding BDT 20,00,000/-
Charges Application fee: Tk. 500/-
Processing fee: 1.5% on the approved loan amount.
Tenor 12-60 Months
Rate of Interest 14.00% p.a.-17.00% p.a. (to be determined by ALCO from time to time)
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 Education Loan (disbursed to parents/guardian)
Purpose To assist parents/guardians for Admission/Education fees, semester fees, study abroad for their children/wards.
Loan Limit Minimum Tk. 50,000/-
Maximum Tk. 10,00,000/- (without collateral)
30% of the value of the total cost
Charges Application fee: Tk. 500/-
Processing fee: 1.5% on the approved loan amount.
Tenor Min: 12 Months
Max: 60 Months
Rate of Interest 18.00% p.a - 21.00% p.a (to be determined by ALCO from time to time)
Guarantee Personal guarantee of spouse/parents only.

Product Name Education Loan (for executive)
Purpose To assist executives pursue Higher studies/professional qualification at local/overseas institutions.
Loan Amount Minimum Tk. 50,000/-
Maximum Tk. 10,00,000/- (without collateral)
30% of the value of the total cost
Charges Application fee: Tk. 500/-
Processing fee: 1.5% on the approved loan amount.
Tenor Min: 12 Months
Max: 60 Months
Rate of Interest 16.00% p.a.-19.00% p.a. (to be determined by ALCO from time to time)
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. Loan takeover facility of Home Loan from other banks at a preferential rate
Loan Limit Min: BDT 500,000/-
Max: 70%of the value of the flat or construction cost for completion but not more than Tk. 1,00,00,000/-
Charges Application fee: Tk. 500/-
Processing fee: 1.5% on the approved loan amount.
Tenor Min: 3 Years
Max: 15 Years
Insurance Coverage Property insurance for Earthquake and Fire.
Rate of Interest 13.50% p.a.-16.50% p.a. (to be determined by ALCO from time to time)
Security Registered mortgage of property along with  registered IGPA to sell the property.
Guarantee Personal guarantee of spouse/parents / legal heir only.

Secured Loan
Product Name Personal Overdraft-Secured
Purpose To meet personal requirement of fund
Loan Amount Maximum 80% of the security.
Charges Processing fee: 0.5% subject to Min Tk. 2,000.00 and Max Tk. 5,000.00
Tenor Revolving with annual review.
Rate of Interest For ABBL FDR: (3.00% over ABBL FDR)
Other Bank’s FDR, WDB: 15.25% p.a. – 18.25% p.a.
(To be determined by ALCO from time to time.)
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.

Product Name Personal Loan
Purpose To meet personal requirement of fund.
Loan Amount Maximum 80% of the security.
Charges Processing fee: 0.5% subject to Min Tk. 2,000.00 and Max Tk. 5,000.00
Tenor Min: 12 months
Max: 36 months
Rate of Interest For ABBL FDR: (3.00% over ABBL FDR)
Other Bank’s FDR, WDB: 15.25% p.a. – 18.25% p.a.
(To be determined by ALCO from time to time.)
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.