• 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 100,000 and daily POS transaction amount limit to be BDT 200,000 (max. 1 lac Tk. Per transaction). However, it can be increased at the request of the customer.
• Daily Debit Card transaction limit (up to 10 transaction, ATM + POS).
• Check book facility can be availed by physically visiting account bearing branch.at the time of traveling to Bangladesh.

• Any Non Resident Bangladeshi (NRB) residing abroad can open this account.
• Dual citizen holding foreign passport

• Through MDB website (www.midlandbankbd.net).

• There is no initial deposit required to open the account.

• Deposit rates (As per the rate decided by the ALCO of Midland Bank)

• Bank’s prescribed online Digital Probashi Savings Account Opening Form (AOF) will be available in MDB website (www.midlandbankbd.net).
• The customer will fill-up the online form, generate a tracking number, and download the filled account opening form.
• The customer will sign in the required places of the account opening form, attach photographs including nominee’s photograph.
• The customer will then scan both account opening form and relevant documents and send those necessary documents through e-mail to the group email address of International Division and NRB, nrb.banking@midlandbankbd.net from his/her registered e-mail.
• International Division & NRB will conduct all the necessary checking, do necessary correspondence with the customer before account opening.
• If AOF and its relevant documents are found in order, then International Division & NRB will forward the file to respective branch for account opening.
• Respective Branch will open the account and e-mail the account number and other details to the customer with CC to International Division & NRB Group e-mail nrb.banking@midlandbankbd.net
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.
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.

• It is NOT MANDATORY to send original documents to MDB Head Office or any concerned branch.
• If the applicant is NRB carrying VISA/port entry seal in their Bangladeshi passport, then NO attestation is required.
• If the applicant is Dual citizen carrying foreign documents like foreign passport, source of income document, then attestation will be required. 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

• 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".

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 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 shall be allowed only after visiting concerned branch by the customer.
• Online Application shall not be entertained.
• Signature Card shall be taken and uploaded in the CBS only after visiting the account bearing branch by the account holder.

• 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.

• 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 100,000 through ATM and up to BDT 200,000 (max. 1 lac Tk. Per transaction) 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 (midland online) is MANDATORY for all the accounts under this product.

• As per Schedule of Charges

• As per Schedule of 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.

• Non Resident Bangladeshi Nationals/NRBs/Dual Citizens with Bangladeshi origin.
• Any Bangladeshi Nationals serving with Embassies/High Commissions of Bangladesh in foreign countries/Officers and staffs of the government/semi government departments/nationalized banks and employees of body corporate posted abroad ore deputed with international and regional agencies like IMF, World Bank, IDB, ADB etc. During their assignments can also open this account.
• The Shore Staffs in Bangladeshi Shipping companies who are posted abroad*

• This is an interest bearing term deposit account.
• Can be opened for the tenures of one /three/six and twelve months.
• This account can be maintained in Pound, US Dollar, Pound, Euro or Japanese Yen.
• Minimum Balance is USD 1000 or GBP 500 or equivalent in other currencies.
• The balance and the accrued interest of this account can be freely transferable abroad without any prior permission from Bangladesh Bank.
• The interest accrued on this account is fully exempted from Tax.
• Cheque book facility is available with this account.

• Foreign Currency brought in at the time of their return from travel abroad. However, if it exceeds US 5000 (or its equivalent) then should be declared to the customs on "FMJ form" at the time of arrival.
• Inward remittance.
• Transfer from any other Foreign Currency Accounts.
• Can be also credited from the convertible foreign exchange i.e. currency notes, travelers cheques, drafts etc. brought into Bangladesh while their temporary visit. However, if it exceeds US 5000 (or its equivalent) then should be declared to the customs on "FMJ form" at the time of arrival.

• Local withdrawals can be made in taka only.
• Freely transferable/repatriable with the accrued interest to the own account/any beneficiary Accounts maintained abroad.

• 2 copies of passport sized photographs of the Applicant

• 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 has the NVR seal /“No Visa Required for Travel to Bangladesh” will be additionally required

• 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)

• 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

• Pay Slip / Job Contract Letter
• Overseas Bank Statement (Not older than three months from the account opening date)
• Overseas TAX Certificate
• Any other valid document acceptable that proofs Applicant’s legitimate income source

• Any Valid Copy of Photo ID of the Nominee(s)
• Nominee photo: 1 passport sized photograph for each Nominee(s) attested by the Applicant.

• Duly Filled in Account opening Form.

• Step 1: Download the Non Resident Foreign Currency Deposit Account (NFCD Account)FORM from the website: www.midlandbankbd.net
• Step 2: Please fill up the required information and put your sign on it.
• Step 3: Attach the required documents.
• Step 4: Please Send the Account opening Form and required documents through international postal mail to the following address:

Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh

• Bangladeshi Nationals residing abroad/NRBs/Dual Citizens with Bangladeshi origin.
• Resident Bangladeshi nationals working with Foreign /International Bodies whose salary are disbursed fully and partially* in Foreign Currency.
• Foreign Nationals residing in abroad or in Bangladesh.
• Foreign Firms Registered abroad and operating in Bangladesh and abroad.
• Foreign Missions and their Expatriate employees.

Note: *For partial Salary Disbursement only the portion in FC can be credited to this account.

• This is a non interest bearing account.
• This account can be maintained in US Dollar, Pound, Euro or Japanese Yen.
• No initial deposit required for opening this account.
• The balance of this account is fully repatriable without any prior permission from Bangladesh Bank.
• Local disbursements can be made freely in BDT only at the prevailing exchange rate.
• Option to have a mandate holder to maintain the account in absence of the account holder.
• Cheque book facility is available with this account.

• Inward remittance.
• Transfer from any other Foreign Currency Accounts of abroad.
• Non Residents Taka Accounts of Banks abroad.
• Can be also credited from the convertible foreign exchange i.e. currency notes, travelers cheques, drafts etc. brought into Bangladesh while NRBs’ temporary visit. However, if it exceeds US 5000 (or its equivalent) then should be declared to the customs on "FMJ form" at the time of arrival.

• Local withdrawals can be made in taka only.
• Freely transferable/repatriable to the own account/any beneficiary Accounts maintained abroad from the balance.

For Bangladeshi Nationals Residing abroad (NRBs)/Dual Citizens with Bangladeshi origin

• Two Copies of passport sized recent photographs of the Applicant.
• Photocopy of first six pages of the Bangladeshi passport. In case of foreign passport, photocopy of the page that says ‘no visa required to travel to Bangladesh’
• Copy of Valid Visa/Work Permit/ Resident Card.
• Proof of income i.e. Salary / Pay Slip, Job Contract letter /Tax Certificate/Business license /overseas bank statement (not old than three months from the account opening date) or any other document that proofs applicant legitimate income source.
• Note: At least one of the following documents as proof of overseas address (photocopy):
  • Work ID.
  • Resident Permit.
  • Utility Bill.
  • Pay Slip.
  • Driving License.
  • Government issued ID card.
  • Credit Card Bills.
  • Rent Receipts.
  • Over seas Bank Statement.
  • One copy of passport sized photograph of the Nominee attested by the Applicant.
  • Duly Filled in Account opening Form.

For Bangladeshi Nationals Residing in Country

• Two Copies of passport sized recent photographs of the Applicant.
• Photocopy of first six pages of Bangladeshi passport.
• Proof of income i.e. Salary / Pay Slip, Job Contract letter or any other document that proofs applicant legitimate income source in Foreign Currency.
• Copy of local address proof document (Rental agreement, Utility Bill etc.).
• One copy of passport sized photograph of the Nominee attested by the Applicant.
• Duly Filled in Account opening Form.

For Foreign Nationals residing in abroad or in Bangladesh/Foreign missions’ Expatriate Employees

• Two Copies of passport sized recent photographs of the Applicant.
• Copy of Valid Passport the Applicant.
• Copy of Valid Visa (if the Applicant is residing in Bangladesh only).
• Copy of BOI Permission Visa (if the Applicant is residing in Bangladesh only).
• Proof of income i.e. Salary / Pay Slip, Job Contract letter ,business account statements, Tax Certificate or any other document that proofs applicant legitimate income source.
• Any local Address proof document.
• copy of passport sized photograph of the Nominee attested by the Applicant.
• Duly Filled in Account opening Form.
• Required Documents for assigning a Mandate Holder
• One copy passport size photo of the Mandate (Attested by the Applicant).
• Valid photo ID of the Mandate.
• Address proof document of the Mandate.
• Duly filled in Mandate Authorization Form.

• Step 1: Download the Foreign Currency Account (FC Account)FORM from the website: www.midlandbankbd.net
• Step 2: Please fill up the required information and put your sign on it.
• Step 3: Attach the required documents.
• Step 4: Please Send the Account opening Form and required documents through international postal mail to the following address:

• Midland Bank NRB Banking Services
  Head Office Annex
  Zahed Plaza (Level 10)
  30 Gulshan Avenue
  Gulshan 2, Dhaka 1212
  Bangladesh



• For any clarifications, please e-mail at nrb.banking@midlandbankbd.net

• This bond can be purchased in the denomination of BDT 25000, 50000, 100000, 200000, 500000, 1000000, 5000000.
• The purchaser can purchase Bond any amount in multiples of BDT. 25,000/- without any maximum limit.
• The interest rate is 12% per annum payable on half-yearly basis.
• The tenure is five years.
• Tax exemption on the principal.
• Can be used as security for any loan.
• Death risk benefit up to 40% to 50% (Up to BDT 500,000) of investment.
• Auto renewal option available.
• Investors of BDT 80 Million and above shall be treated as CIP.
• Purchaser of Wage Earner's Development Bond can repatriate the principal amount of the bond in foreign currency.

Required Documents for purchasing Bonds

• The purchaser must have a photocopy of the relevant pages of the passport with the purchasers name, date of birth, date and place of issue; expiry date, photograph and signature appear (In case of foreign passport holders including the page where it appears “NO VISA REQUIRED TO TRAVEL TO BANGLADESH” )
• 02 Copy passport sized photographs of the Bond Holder & 2 copy for the Nominee
• Income source proof documents of the purchaser
• 03 Copies of Mandate holder photographs, with A/c holder’s signature on the back
• Duly filled out and signed Mandate holder application
• Duly Filled out Application for Bonds
• Duly filled out debit Instruction Form
• The purchaser must have a FC account for any kind of bond
• The purchaser of Wage Earner Development & US Dollar Investment Bond must have to maintain a MDB Probashi Savings along with FC account
• Copy of Bond Purchaser National ID issued by Government of Bangladesh

• Step 1: Download the Wage Earner's Development Bond (WEDB) FORM from the website: www.midlandbankbd.net
• Step 2: Please fill up the required information and put your sign on it.
• Step 3: Attach the required documents.
• Step 4: Please Send the Bond opening Form and required documents through international postal mail to the following address:

Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh

Download

Download

• This bond can be issued in the denomination of US $500, $1000, $5000, $10,000 and $50,000.
• Can be purchased of any amount in multiples of US $500 without a maximum limit.
• The tenure is three years.
• The interest rate is 7.5 % per annum payable on half-yearly basis in Bangladeshi taka.
• The interest is payable only in Bangladeshi Taka.
• Auto renewal option available.
• Can be used as security for any loan.
• Tax exemption on the principal and interest amount.
• The principal and interest will be payable in US Dollar.
• Investors of one Million US Dollar and above shall be treated as CIP.
• Death risk benefit up to 15% to 25% (Up to BDT 2,000,000) of investment.
• Principal can be repatriated in the foreign country.

• The purchaser must have a photocopy of the relevant pages of the passport with the purchasers name, date of birth, date and place of issue; expiry date, photograph and signature appear (In case of foreign passport holders including the page where it appears “NO VISA REQUIRED TO TRAVEL TO BANGLADESH” )
• 02 Copy passport sized photographs of the Bond Holder & 2 copy for the Nominee
• Income source proof documents of the purchaser
• 03 Copies of Mandate holder photographs, with A/c holder's signature on the back
• Duly filled out and signed Mandate holder application
• Duly Filled out Application for Bonds
• Duly filled out debit Instruction Form
• The purchaser must have a FC account for any kind of bond
• The purchaser of Wage Earner Development & US Dollar Investment Bond must have to maintain a MDB Probashi Savings along with FC account
• Copy of Bond Purchaser National ID issued by Government of Bangladesh

• Step 1: Download the US Dollar Investment Bond FORM from the website: www.midlandbankbd.net
• Step 2: Please fill up the required information and put your sign on it.
• Step 3: Attach the required documents.
• Step 4: Please Send the Bond opening Form and required documents through international postal mail to the following address:

Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh

Download

• This bond can be issued in the denomination of US $500, $1000, $5000, $10,000 and $50,000.
• Can be purchased of any amount in multiples of US $500 without a maximum limit.
• The tenure is three years.
• The interest rate is 7.5 % per annum payable on half-yearly basis in Bangladeshi taka.
• The interest is payable only in Bangladeshi Taka.
• Auto renewal option available.
• Can be used as security for any loan.
• Tax exemption on the principal and interest amount.
• The principal and interest will be payable in US Dollar.
• Investors of one Million US Dollar and above shall be treated as CIP.
• Death risk benefit up to 15% to 25% (Up to BDT 2,000,000) of investment.
• Principal can be repatriated in the foreign country.

The slabs of the interest rates to be applied are as follows:

• The purchaser must have a photocopy of the relevant pages of the passport with the purchasers name, date of birth, date and place of issue; expiry date, photograph and signature appear (In case of foreign passport holders including the page where it appears “NO VISA REQUIRED TO TRAVEL TO BANGLADESH” )
• 02 Copy passport sized photographs of the Bond Holder & 2 copy for the Nominee
• Income source proof documents of the purchaser
• 03 Copies of Mandate holder photographs, with A/c holder's signature on the back
• Duly filled out and signed Mandate holder application
• Duly Filled out Application for Bonds
• Duly filled out debit Instruction Form
• The purchaser must have a FC account for any kind of bond
• The purchaser of Wage Earner Development & US Dollar Investment Bond must have to maintain a MDB Probashi Savings along with FC account
• Copy of Bond Purchaser National ID issued by Government of Bangladesh

• Step 1: Download the US Dollar Premium Bond FORM from the website: www.midlandbankbd.net
• Step 2: Please fill up the required information and put your sign on it.
• Step 3: Attach the required documents.
• Step 4: Please Send the Bond opening Form and required documents through international postal mail to the following address:

Midland Bank NRB Banking Services
Head Office Annex
Zahed Plaza (Level 10)
30 Gulshan Avenue
Gulshan 2, Dhaka 1212
Bangladesh

Download

• Convenient fund transfer of Tuition Fess & Living expenses for the entire academic period
• Legitimate method of remitting to another country and can be used effectively for future reference
• Flexibility of Foreign Currency endorsement
• Competitive exchange rate
• Faster processing of Student File

ELIGIBILITIES FOR OPENING STUDENT FILEPENING STUDENT FILE

• Undergraduate.
• post graduate
• Language course pre-requisite to bachelor degree
• Professional diploma/certificate courses i.e.
• Commercial Flying
• Computer Programming
• Hotel Management and Catering
• Chartered Accountancy
• Cost & Management Accountancy are special fields for which students are allowed to open Student File.

Account relationship is mandatory to open a student file. Account can be opened in single name of the financer/ joint name- Financer & Student (any One can operate) for debiting the remittance.

• Original offer letter from overseas institution with acceptance of admission / registration / I-20 for USA institution need to be accompanied containing following information:
  • Course name
  • Course start date
  • Course duration
• Details of annual expenses (tuition and living) from respective institution(in case of advance payment refund policy should be mentioned)
• Original academic certificates& transcripts. (SSC, HSC, O & A level, diploma, graduation, post-graduation including IELTS, TOEFL if any) ( originals need to be shown at the branch)
• Original Valid Passport & VISA of student (Pre-visa declaration for Australian institutions)
• Detail information of the person financing the student with a copy of Passport size photo.

• Certificate/ record from institution on continuation of studies
• Progress report / transcript
• Revised expense estimate for next academic year

• Student File Opening Fee: BDT 5000
• Student File Renewal Fee: BDT 3000
• Outward Remittance Transaction Fees: BDT 500.00 (maximum) for each subsequent transaction
• Foreign Correspondent Bank charges for outward remittance : At Actual