MDB Saalam SND Account


MDB Saalam SND account is a profit bearing account for institutions.

Title Details
  • All sorts of Firms, Institution, Organization and Companies including locally incorporated foreign companies are eligible to open this account.
  • All MDB branches/Uposhakha or Sub Branch/ABC.
Minimum initial deposit amount
  • Tk 10,000/
Profit Calculation
  • Profit will be calculated on daily day end balance, accrued monthly and applied (i.e. paid) to the account on half yearly basis.
  • If fund is withdrawn without submitting 7 days’ notice, the profit will be forfeited for that particular month.
Key Benefits
  • Free Debit Card facility (1st year only) for Joint A/C Holders (with proper NOC of Account Holders) and Proprietorship concern
  • Free Internet Banking facility
  • Free monthly e-statement facility
  • Free SMS Banking facility (1st year only)
  • Free online transaction
  • 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; and it is applicable for Individual, Joint (with NOC of others) & proprietorship concern
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)
  • Two PP size photographs of applicant(s)/signatories attested by the introducer.
  • Copy of valid photo ID like; Passport, NID, Driving License etc.
  • One PP size photograph of nominee, if applicable attested by account holder.
  • Valid Trade License and other Govt. Permission, if applicable.
Introducer's Eligibility
  • Any existing MDB Bank account holder or
  • Any MDB officials (including Direct Sales Officer)
  • Socially known person acceptable to the Bank