MDB SAALAM SAVINGS ACCOUNT

This is a Shariah based and daily profit bearing and half yearly profit paying savings account for any Bangladeshi citizen.

Title		Details
Eligibility		Any Bangladeshi citizen above 18 years 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. Non Resident Bangladeshi Citizen and Dual Citizen as well. Resident Foreign National.
Availability		All MDB branches/Uposhakha or Sub Branch/ABC.
Minimum initial deposit amount		BDT 500 (Five Hundred) Only
Profit Calculation		Profit will be calculated on daily day end balance of the account. If a customer does more than 5 transactions (including transaction over the counter, through internet banking, ATM or POS) in a week, the profit will be forfeited for that month.
Profit Accrual & Payment		Profit will be accrued on monthly basis and paid to on half yearly basis.
Key Benefits		Profit calculated on daily balance Profit is credited to account on half yearly basis No debit card Fee for 1st year Free internet Banking. Free SMS banking for 1st year Free online banking
Joint Applicant Option		Applicant can open account either in the single name or in the joint names.
Mode of Shariah		Mudaraba
Debit Card		Debit card is mandatory and 1st year free
Cheque Book		Branch will issue cheque book against the account.
Account Maintenance Fee		As per schedule of charges of MDB
Account Closure Fee		As per schedule of charges of MDB
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
Introducer's Eligibility		Any existing MDB Bank account holder or Any MDB officials (including Direct Sales Officer)