| Product Description |
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- This is a transactional current account.
- The accounts will be in local currency (BDT).
- Minimum initial deposit is not required to open the account.
- No limit in number and value of transactions.
- Free Debit Card facility (1st year only).
- Free Internet Banking facility.
- Free SMS Banking facility (1st year only).
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| Eligibility |
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- Any business owner and individual entrepreneur above 18 years can open this account.
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| Minimum Initial Deposit |
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| Profit and its Application |
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- No profit is applied to this account.
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| Account Opening Process and Required Document |
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- Bank's prescribed MDB Personal Retail Account Opening Form (Retail-AOF & KYC).
- NID of Applicant & Nominee.
- 2 copies passport size photo of applicant and 1 copy passport size photo of nominee.
- Utility bill copy (if own house).
- Office ID or Visiting Card, if available.
- Attestation from Local Representative (Union Chairman/Ward Commissioner/City Corporation) or Trade Associations required only in case of high risk customers.
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| Account Nominee |
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- Multiple nominees are allowed as decided by the account holder(s) for each account.
- Nomination will be cancelled if nominee(s) dies in the life time of account holder(s). The account holder(s) in such cases will advise in writing to appoint new nominee(s).
- In case of minor nominee(s), a legal guardian is also required with Photo graph and photo ID.
- Account holder(s), with written instruction, may change the nominee(s) any time.
- In the event of account holder’s death, the nominee will not be allowed to continue the account and the amount deposited prior to the death of account holder(s) shall be paid to the nominee(s).
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| Debit Card Facility & Transaction Limit |
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- Debit Card is available at the request of the customer. (For Individual, Joint & Proprietorship Concern only).
- The Debit Card needs to be collected from the respective branch (i.e. account opening branch) or it can also be sent to the customer’s desired branch for collection.
- Transaction limits must be supported by the Transaction Profile (TP) declared by the customers.
- The Debit Card annual fee is waived for the 1st year. The Debit Card annual fee (after 1st year) and re-issuance fee will be as per Schedule of Charges (SOC) of MDB.
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| Cheque Book Facility |
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- The Cheque Book needs to be collected from the respective branch (i.e. account opening branch) or it can also be sent to the customer’s desired branch for collection.
- The cheque book issuance fee (after 1st cheque book) will be as per Schedule of Charges (SOC) of MDB.
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| Internet Banking Facility |
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- Internet Banking Facility (midland online) isn’t MANDATORY for all the accounts under this product. However, customers’ will be pursued to avail the internet banking facility.
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| SMS Banking Facility |
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- The SMS banking facility is offered free for 1st year only. After 1st year, the SMS banking fee will be as per Schedule of Charges (SOC) of MDB.
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| Account Maintenance Fee |
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| Account Closure Fee |
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- Account can be closed at any time by obtaining written instruction from the account holder.
- The account closure fee will be as per Schedule of Charges (SOC) of MDB.
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| Other Fees & Charges |
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- Government Excise Duty is applicable.
- The operation of this account is subject to the laws, banking regulations or banking practices that may change from time to time.
- All Taxes / Duty / levy and/or any other surcharges presently in force or that may be imposed by the Government of Bangladesh from time to time will be deducted / recovered from the account.
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| Other Terms & Conditions |
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- The Bank reserves the right to change the rules/procedures of the product if deemed necessary.
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