MDB Digital Probashi SAVINGS

This is an online Savings Account developed to facilitate the Non-Resident Bangladeshi (NRB) customers to open this account from anywhere and anytime through internet via the Bank’s website (www.midlandbankbd.net). The NRB customers who are working abroad and would like to save their earnings in Bangladesh for their family and for future benefits can open this account through MDB Website and avail the benefits. The product is designed in such a way that the customers do not need to visit branches except to make cash or cheque deposits as per their choice and convenience.

Title	Details
Product Description	The account can be opened through MDB website. The account will be opened in local currency (BDT). No initial deposit is required. Free Debit Card facility (Lifetime). Free Internet Banking facility. Free SMS Banking facility (1st year only). Free monthly e-statement facility. Daily ATM transaction amount of up to BDT 50,000 and POS transaction amount of up to BDT 50,000. However, it can be increased at the request of the customer. Daily Debit Card transaction limit (up to 10 transaction, ATM + POS).
Eligibility	Any Non Resident Bangladeshi (NRB) residing abroad/Returning NRB can open this account.
Availability	Through MDB website (www.midlandbankbd.net).
Minimum Initial Deposit Amount	There is no initial deposit required to open the account.
Interest	Deposit rates
Account Opening Process and Required Document	Bank’s prescribed online Account Opening Form (AOF) that will be available in MDB website (www.midlandbankbd.net). 2 copies of passport sized photographs of the Applicant Applicant Identification documents: In case of Bangladeshi Passport, photocopy of valid passport (first 2 pages) with identification information. In case of foreign passport, photocopy of the pages containing identification information and picture of the Applicant and the page that have the NVR seal /“No Visa Required for Travel to Bangladesh” will be additionally required. In case of Bangladeshi Passport, photocopy of valid passport (first 2 pages) with identification information. Valid Residency Proof Documents: In case of Bangladeshi Passport, photocopy of valid Visa / Work Permit / Green Card / Residence Permit (if it is in any other language other than English, no translation is required). Address Proof documents : (Any of the following document will suffice) Work ID. Utility Bill. Pay Slip / Job Contract Letter. Driving License. Government issued ID Card. Credit Card Bills. Rent Receipts / Contracts. Health Card. Overseas Bank Statement. Source of Income Proof documents: (Any of the following document will suffice) Pay Slip / Job Contract Letter. Overseas Bank Statement. Overseas TAX Certificate. Any other valid document acceptable to the Bank. Nominee Identification Document: Any Valid Copy of Photo ID of the Nominee(s). Nominee photo: 1 passport sized photograph for each Nominee(s) attested by account holder. Note: The account opening procedure shall be strictly followed as per MDB Branch Operations Manual and Bangladesh Bank guidelines that may change from time to time.
Document Endorsement and Attestation Process	If the Applicant is requesting to open the account from overseas, then all the photocopied documents should be endorsed / attested and the documents must be sent directly to the Bank’s Head office International Division/Desired Branch address.. The attestation can be done from the below organization by taking sign with seal of the respective official of that organization on the above photocopied document (‘Original Seen’ marking): Bangladesh High Commission. Any MDBL affiliated Exchange House. Any reputed Bank’s branch. Notary public in his/her currently residing country*. * Notarization should be in a verifiable format
Joint Applicant Option	Customer can open the MDB Digital Probashi Savings Account either in the single name or in joint names.If anyone wants to open a joint account, the mode of operation of the account will be “Either or Survivor”.
Joint Applicant’s Required Documents	In case of the joint Applicant is a Non Resident Bangladeshi: The similar documentations mentioned for the Applicant would need to be obtained. In case of the Joint Applicant is a Resident Bangladeshi: National ID/ Passport Copy. Photocopy of valid Photo ID: Passport/National ID/ Birth Certificate (supported by valid Photo ID to be obtained as per BFIU, Bangladesh Bank guideline) . Photo: 2 passport sized. Address proof documents i.e. any utility bill, lease agreement.
Interest Accrual, Payment & Forfeiture Rules	Interest will be calculated on End of Day (EOD) balance of the account and applied to the account on a monthly basis. The customers may withdraw fund any time without losing interest on the End of Day (EOD) balance. However, if a customer does more than 10 transactions (either through ATM or POS) in a day, the interest will be forfeited for the month.
Cheque Book Facility	No Cheque Book will be allowed/issued under this product.
Debit Card Facility	Debit Card is MANDATORY. If the customer requests for a Debit Card, the account must be activated first by fulfilling all the necessary criteria as per the Bank’s requirements and the customer must have an available balance of at least BDT 1,000. The annual fees for the Debit Card is waived for LIFETIME. However, for any card replacement (lost/stolen/damaged), the customer needs to pay as per “Schedule of Charge” of the Bank. The Debit Card and its PIN will be sent to the customers’ foreign address through 2 different couriers in different days through reputed insured courier services. However, the customer must bear the courier charge (at actual) if s/he wishes to get it delivered it to the desired foreign address. The customer can also choose to avail the card while s/he will be available in Bangladesh to physically collect the Debit Card and it’s PIN.
Debit Card Transaction Limit	The Debit Card transaction limit is restricted to 10 transactions in a day. However, the customer may request to increase the number of transaction limit in a day based on his/her requirement. In that case, the interest will be forfeited (for more than 10 transaction in a day) for the month. A customer can withdraw up to BDT 50,000 through ATM and up to BDT 50,000 through POS in a day. However, the customer may request to increase/decrease the limit as per their convenience. The above transaction limits must be supported by the Transaction Profile (TP) declared by the customers.
Internet Banking Facility	Internet Banking Facility (midland online) is MANDATORY for all the accounts under this product.
Account Maintenance Fee	As per Schedule of Charges
Account Closure Fee	As per Schedule of Charges
Other Fees & Charges	Government Excise Duty is applicable. Withholding Tax is applicable on the interest earned in the account which will be deducted at source. The operation of MDB Digital Probashi Savings Accounts are 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.

MDB Digital Monthly Savings Scheme

Midland Bank Ltd. has always been in the upfront of implementing technology based solutions. The Bank offers multiple customized solution to its valued customers to meet their varied demands. MDB DIGITAL MONTHLY SAVINGS SCHEME is one of the lucrative additions to the technological advancement of the Bank which is an online based monthly scheme Deposit Account that is made to facilitate the customers to open this account from anywhere and anytime through internet.

Title	Details
Product Description	The Monthly Scheme Deposit can be opened through existing MDB online user only; This is a non-transactional term deposit account; The accounts will be in local currency (BDT); Free SMS Banking facility (1st year only); E-statement facility; EMI starting from Minimum 250 BDT, 500 BDT & its Multiple (But limited up to 25000 BDT) No Account –opening Form and No wet Signature are required. Virtual banking facility.
Eligibility	Any Resident Bangladeshi citizen having registered with MDB online facility can open this term Deposit account. In case of minor account. Legal Guardian having registered with MDB online facility can open and operate the account on behalf of the minor until the minor reaches the age of 18. Proprietorship concern having registered with MDB online facility can open this Term deposit Any mandate holder, Partnership concern and any limited or unlimited liability institutions are NOT eligible for this product. A CASA account is mandatory to avail this facility.
Availability	Through MDB online portal of the account holders using their personal computer and mobile applications.
Minimum Initial Deposit Amount	The first instalment amount will be the initial deposit. Initial amount will be minimum BDT 250,BDT 500 & it multiplies up to BDT 25,000.
Interest	Deposit rates
Account Opening Process and Required Document	Enrolled MDB online users will log in to their secured web portal and place request through that by filling the digital template and agreeing all the related terms and conditions therein. No Account opening Form will be required No wet signature will be required. No documentation is required. Existing regular or digital Account’s KYC will serve the requirement. Before opening the monthly scheme deposit account screening process will be run. Before opening the monthly scheme deposit account sufficient balance must be ensured by the client.
Tenure	3 years / 5 years / 8 years / 10 years

MDB DIGITAL FAMILY SUPPORT SCHEME

Midland Bank Ltd. has always been in the forefront of implementing technology based solutions. The Bank offers multiple customized solution to its valued customers to meet their varied demands. MDB DIGITAL FAMILY SUPPORT SCHEME DEPOSIT ACCOUNT is one of the innovative additions to the technological advancement of the Bank which is an online based Family Support Scheme Deposit Account that is made to facilitate the customers to open this account from anywhere and anytime through internet. The product is designed in such a way that the customers do not need to visit branches or other stake holders and the customer who is very keen to adopt e-banking technology to cater their various needs. This product is designed for existing internet banking users only.

Title	Details
Product Description	The Digital Family Support Scheme Deposit can be opened by existing MDB online user ONLY CASA Account is mandatory for this This is a non-transactional Family Support Scheme deposit account The accounts will be in local currency (BDT) Free SMS Banking facility Self-generated E-statement facility Minimum 50,000 BDT and No Maximum limit for Family Support Scheme Deposit No Account –opening Form and No wet Signature are required. Virtual banking facility. No traditional Family Support Scheme Receipt.
Eligibility	Any Resident Bangladeshi citizen having registered with MDB online facility can open this Digital Family Support Scheme Deposit account. In case of minor account. Legal Guardian having registered with MDB online facility can open and operate the account on behalf of the minor until the minor reaches the age of 18. ONLY proprietorship concern having registered with MDB online facility can open this Digital Family Support Scheme deposit. Restriction: Any mandate holder, Partnership concern and any limited or unlimited liability institutions are NOT eligible for this product.
Availability	Through MDB online portal of the account holders using their personal computer and mobile applications.
Minimum Initial Deposit Amount	BDT 50,000.00 (Fifty Thousand) only and its multiples
Maximum Limit of Deposit	Any amount multiply with 50,000 BDT. No booking in fractional amount.
Account Opening Process and Required Document	Enrolled MDB online users will log in to their secured web portal and place request through that by filling the digital template and agreeing all the related Digital Family Support Scheme Deposit and conditions therein. No Account opening Form will be required No wet signature will be required. No documentation is required. Existing regular or digital Account’s KYC will serve the requirement. Before opening the Digital Family Support Scheme deposit account screening process will be run. Before opening the Digital Family Support Scheme deposit account sufficient balance must be ensured by the client.
Joint Applicant Option	Customer can open the MDB Digital Family Support Scheme Deposit Account in the single name. Family Support Scheme Deposit Account name will be as similar as CASA Account Name. In this Joint Account Case, Account operating instruction must be EITHER or SURVIVOR and Number of applicants cannot be more than two (02).
Tenure	3 months, 6 months, 12 months, 18 months, 24 months and 36 Months.
Interest	Deposit rates
Interest Accrual & Payment	Interest will be accrued monthly and also paid monthly.
Cheque Book Facility	No Cheque Book will be allowed/issued under this product.
Account Closure Process and Fee	Digital Family Support Scheme Deposit Account holder can be closed at any time by providing online application by their MDB web-portal directly. Or apply through already registered e-mail of MDB online users. Encashment request will duly signed and attached in that email. They will sent e-mail to cos.mdb@midlandbankbd.net Or MDB online users can take their any branch or other stakeholders assistance to process the encashment application. No Digital Family Support Scheme Deposit Receipt or advice will be required for encashment. Account closure Fee is NIL
Closing proceeds Payment Method	Closing proceeds will be credited to the source MDB CASA Account only.
Other Fees & Charges	Government Excise Duty is applicable. Withholding Tax is applicable on the profit earned in the account which will be deducted at source. The operation of MDB Digital Family Support Scheme Deposit Accounts are 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. As per Schedule of Charges

MDB Double Benefit Plus Scheme

MDB Double Benefit Plus Scheme Account is a scheme account, which comprises of a primary deposit and monthly installment till maturity period. It is a monthly interest bearing and yearly interest paying scheme account for any Bangladeshi Citizen.

Eligibility		Any Bangladeshi citizen can open this account. In case of minor account, legal guardian will operate the account on behalf of the minor until the minor reaches the age of 18.
Joint Application		This scheme can be opened in single name or in joint names.
Availability		All MDB branches, Sub-branches and Agent Banking Centers.
Product Description		This account is in local currency (BDT). This is a Non-Transactional savings scheme. The primary deposited amount will be doubled after 3/4/5/6 years (as preferred by the customer). Minimum primary deposit amount will be 25,000 and its multiples. Equal monthly installment to be paid till maturity. Customer will deposit monthly installments through linked individual CASA. More than 01 (one) account can be opened by the same customer. Free internet banking facility. Free SMS banking facility.
Monthly amount to be deposited		Monthly Installment Amount
Account Opening Process and Required Document		Bank’s prescribed Scheme Account Opening Form (AOF). The documents required to open this account and account opening procedure shall strictly follow MDB Branch Operations Manual, MDB Comprehensive Account Opening Documentary Checklist and Bangladesh Bank guidelines that may change from time to time.
Interest Accrual & Payment		Interest will be calculated at the end of month and applied to the account at the year-end or at maturity whichever is earlier.
Amount Payable		On maturity, primarily deposited amount (without first instalment) will be doubled and final payment will be made after deducting taxes & duties applicable as per rules of NBR.
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 Photograph and photo ID.
Installment Failure & penalty		Late fees will be charged per month for failure to deposit the instalment in time as per MDB rules. If 6 (six) installments become overdue at any point of time, then the scheme will be halted. Customer will visit branch and submit closure request for closing of the scheme.
Maturity & Closing		3/4/5/6 years from the date of A/C opening. However, if any installment is pending at the time of maturity then the scheme will be closed after 1 month from the date on which all installments have been realized. Customers can close the scheme account any time before maturity. In case of premature encashment, ‘Premature Encashment’ rule will be applicable. Account closure Fee is NIL.
Taxes, Duties and Surcharges		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 deposit account under this scheme.
Premature Encashment		If encashed before 1 (one) year then no interest will be paid. If encashed after 1 year and before the expiry, then interest will be paid as per savings a/c interest rate.
Maximum Limit		There is no maximum limit under this product. Amount has to be BDT 25,000.00 or its multiplication.
Loan Facility		Loan may be granted up to 90% of the deposited amount.