Current Products – Midland Bank PLC.

MDB Current Account

MDB Current Account is a regular current account. MDB Current Account is a non-interest bearing current account for any Bangladeshi Citizen.

Title	Details
Eligibility	Any Bangladeshi citizen with photo ID document as applicable for Current account Age 18 years and above All sorts of Firms, Institution, Organization and Companies are eligible to open the account.
Features	Regular current account with deposit & withdrawal facility Free Debit card facility (for 1st year) Free Internet Banking Free SMS Banking Cheque Book facility
Availability	All Mdb Branches, Sub Branches & Agent Banking Centers
Minimum initial deposit amount	BDT 1000
Key Benefits	No limit in number of transactions No limit in the amount of transactions No debit card Fee for 1st year Free internet Banking
Joint Applicant Option	Applicant can open account either in the single name or in the joint names.
Debit Card	Debit card is available
Cheque Book	Branch will issue cheque book against the account.
Account Maintenance Fee	As per schedule of charges
Account Closure Fee	As per schedule of charges
Tax, Excise Duty & VAT	Will be deducted as per NBR rules
Required document	Bank's prescribed AOF (signed by the applicant) Three PP size photographs of applicant(s) attested by the introducer Copy of valid photo ID like; Passport, NID Driving License etc. One PP size photograph of nominee attested by account holder. In case of non-individual account, Trade License with proper approval from authority.

MDB Personal Retail Account

Title		Details
Product Description		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).
Eligibility		Any business owner and individual entrepreneur above 18 years can open this account.
Minimum Initial Deposit		Nil
Profit and its Application		No profit is applied to this account.
Account Opening Process and Required Document		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.
Account Nominee		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).
Debit Card Facility & Transaction Limit		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.
Cheque Book Facility		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 will be as per Schedule of Charges (SOC) of MDB.
Internet Banking Facility		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.
SMS Banking Facility		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.
Account Maintenance Fee		NIL
Account Closure Fee		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.
Other Fees & Charges		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.
Other Terms & Conditions		The Bank reserves the right to change the rules/procedures of the product if deemed necessary.

MDB PERSONAL RETAIL ACCOUNT FOR MERCHANTS

The Personal Retail Account for Merchants is an interest-bearing Special Notice Deposit (SND) account designed to provide business owners and individual entrepreneurs with a convenient and value-added banking solution.

This account facilitates Bangla QR merchant acquiring by offering an attractive settlement account with interest benefits under the applicable SND framework. It aims to encourage merchant onboarding, strengthen transaction-based deposits, and promote greater participation in the digital payment ecosystem.

With Midland Bank PLC., merchants can enjoy convenient banking services while managing their business transactions through a dedicated account designed to support their financial needs.

Title		Details
Key Features		Interest-bearing Special Notice Deposit (SND) account. Account maintained in local currency (BDT). No minimum initial deposit required. Free Debit Card facility for the first year. Free SMS Alert facility for the first year. Suitable for Bangla QR merchant settlement.
Customer Segments		Business owners and Individual entrepreneurs
Eligibility		Any business owner or individual entrepreneur aged 18 years or above.
Account Opening Channels		Available at all Midland Bank branches, sub-branches, and Agent Banking Centers.
Required Documents		Bank's prescribed Account Opening Form (AOF), and KYC documents. Applicant's and nominee's National Identity Card (NID). Two (2) copies of the applicant's passport-size photograph and one (1) copy of the nominee's passport-size photograph. Copy of Utility Bill (Gas, Electricity, or Water). Trade License (where applicable). Attestation from the Local Representative (Union Chairman/Ward Commissioner/City Corporation) or Trade Association is required only for high-risk customers Other documents as prescribed by the Bank.
Nominee Facility		Multiple nominees are allowed, as decided by the account holder(s). Nominees may be changed at any time through written instructions. In the case of a minor nominee, a legal guardian's photograph and photo ID are also required. If a nominee dies during the lifetime of the account holder(s), the nomination will be cancelled, and the account holder(s) must provide written instructions to appoint a new nominee. In the event of the account holder's death, the nominee will not be allowed to continue the account. The balance deposited before the account holder's death will be paid to the nominee(s).
Interest Rate		Interest will be paid based on the applicable deposit balance slab.
Debit Card Facility		A Debit Card is available at the customer's request. The annual Debit Card fee is waived for the first year. The annual fee after the first year and re-issuance fee will be applicable as per the Bank's Schedule of Charges (SOC).
SMS Alert Facility		SMS Alert facility is free for the first year. After the first year, applicable charges will be as per the Bank's Schedule of Charges (SOC).
Account Maintenance Fee		No account maintenance fee is applicable.
Account Closure Fee		The account can be closed at any time upon submission of written instructions from the account holder. Applicable account closure fees will be charged as per the Bank's Schedule of Charges (SOC).
Other Fees & Charges		Government Excise Duty is applicable. All applicable taxes, duties, levies, and surcharges imposed by the Government of Bangladesh from time to time will be deducted or recovered from the account.
Terms & Conditions		Midland Bank PLC. reserves the right to amend the rules and procedures governing the product, whenever deemed necessary.

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