Midland Bank PLC. Formally launched new savings products exclusively for senior citizens, reaffirming its commitment to providing secure, rewarding, and convenient financial solutions for the country’s elderly population.
The newly launched products—Senior Citizen Monthly Benefit Scheme, Digital Senior Citizen Monthly Benefit Scheme, Saalam Mudaraba Senior Citizen Monthly Benefit Scheme, and Saalam Mudaraba Digital Senior Citizen Monthly Benefit Scheme—were officially unveiled at the 180th Meeting of the Board of Directors of Midland Bank PLC. Which was held at the Bank’s Head Office Board Room in Dhaka on 7th June 2026.
Mr. Ahsan Khan Chowdhury, Chairman of the Bank was attended at the product Launching Ceremony as Chief Guest and also presided over the meeting. Attendees included Mr. Md. Shamsuzzaman, Vice Chairman; Master Abul Kashem, Director; Dr. Mostafizur Rahman, Director; Mr. A.K.M. Badiul Alam, Director; Mr. Mohammed Jamal Ullah, Director; Alhaj Mohammed Helal Miah, Director; Mr. Hafizur Rahman Sarker, Director; Mrs. Shahnaj Parveen, Director; and Mr. Riaz Ahmed Choudhury, Independent Director. Mr. Imtiaz U. Ahmed, Managing Director & CEO, Mr. Md. Zahid Hossain, Deputy Managing Director and Md. Nazmul Huda Sarkar, Deputy Managing Directorwere also present.
The Senior Citizen Monthly Benefit Scheme is a specially designed investment solution that ensures a steady and reliable monthly income for senior citizens from their savings. This scheme enables customers to maintain financial independence and comfortably manage regular expenses such as healthcare, household costs, and personal needs, all while keeping their investment safe and secure.
Its digital counterpart, the Digital Senior Citizen Monthly Benefit Scheme, allows customers to open and manage accounts conveniently from home or anywhere through Midland Bank’s digital banking platform, offering greater accessibility and a seamless banking experience.
For customers seeking Shariah-compliant investment options, the Saalam Mudaraba Senior Citizen Monthly Benefit Scheme and Saalam Mudaraba Digital Senior Citizen Monthly Benefit Scheme provide monthly profit based on Mudaraba principles, offering the same convenience, security, and financial stability through Islamic banking.
The playcard of the newly launched products were unvaile at the ceremony.
With the launch of these innovative products, Midland Bank PLC. further strengthens its commitment to inclusive banking. It delivers customer-centric financial solutions tailored to the unique needs of senior citizens through both conventional and Islamic banking platforms, while embracing digital innovation to make banking more accessible, convenient, and secure for all.