MDB Digital Savings

This is an online Savings Account developed to facilitate the customers to open this account from anywhere and anytime through internet via the account opening page. 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 accounts will be 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).
  • 50% waiver on Foreign Currency endorsement.
  • A one time in person meeting is needed for introduction and obtaining original ID documents as per BANGLADESH BANK regulation. If within 35 KM of any of our Branches, Banking Booths or Agent Banking Centres, one of our staff will visit you. If outside 35 KM, the one time visit to any of our offices is needed for introduction and submission of original ID documents.
  • Any Resident Bangladeshi citizen can open this account.
  • Through MDB website (
Minimum Initial Deposit Amount
  • There is no initial deposit required to open the account.
Account Opening Process and Required Document
  • Bank’s prescribed online Account Opening Form (AOF) that will be available in MDB website (
  • 02 (Two) passport size photographs of account holder(s) attested by the introducer
  • Photocopy of valid Photo ID: Passport/National ID attested by the introducer.
  • 01 (one) passport size photograph of nominee(s) attested by account holder(s).
  • Photocopy of valid Photo ID: Passport / National ID / Birth Certificate (supported by valid Photo ID to be obtained as per BFIU, Bangladesh Bank guideline) of the nominee(s)/legal guardian (if any) attested by the account holder(s).
  • 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.
Joint Applicant Option
  • Customer can open the MDB Digital 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”.
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 “As per schedule of charges” of the Bank.
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
Account Closure Fee
Other Fees & Charges
  • 50% waiver on Foreign Currency endorsement.
  • 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 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.