Salam Current Products – Midland Bank PLC.

MDB Salam Current Account

Any institution and Bangladeshi citizen can open Midland Bank Salam Current account.

Title		Details
Eligibility		Any Bangladeshi citizen above 18 years can open this account All sorts of Firms, Institution, Organization and Companies are eligible to open this account. Locally incorporated foreign companies, permitted foreign national & institution.
Availability		All MDB branches/Uposhakha or Sub Branch/ABC.
Minimum initial deposit amount		Tk 1,000/
Profit Calculation		No profit is applied in this account.
Key Benefits		No limit in number and value of transactions Free Debit Card facility (1st year only) Free Internet Banking 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) & proprietor concern
Joint Applicant Option		Applicant can open account either in the single name or in the joint names.
Mode of Shariah		Al-Wadeeah Principal
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) 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)

MDB Salam Current Account - Corporate

Any institution can open Midland Bank Salam Current account - Corporate.

Title		Details
Eligibility		All Private and Public Limited Companies registered under RJSC All Government/Semi-Government Organizations NGOs Company Provident Fund Account, Company Gratuity Fund Account Association/Club/Charity account Sole proprietorship and Partnership Workers Prettifications Fund (WPF) Non Individual Customer Segment etc
Availability		All MDB branches/Uposhakha or Sub Branch.
Minimum initial deposit amount		Tk 1,000/
Profit Calculation		No profit is applied in this account.
Key Benefits		This is a transactional current account The accounts will be in local currency (BDT) Minimum initial deposit of BDT 1,000.00 is required to open the account No limit in number and value of transactions Free Debit Card facility (1st year only) Free Cheque book (1st year only) Free Internet Banking facility Free SMS Banking facility (1st year only) 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) & proprietor concern
Mode of Shariah		Al-Wadeeah Principal
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		MDB Comprehensive Account Opening Documentary Checklist and Bangladesh Bank guidelines.
Introducer's Eligibility		Any existing MDB Bank account holder or Any MDB officials (including Direct Sales Officer) Socially known person acceptable to the Bank

MDB Salam Abiram Account

MDB Salam Abiram Account is a regular Shariah Based current account & also a non-profit bearing account which can be opened by any SME entrepreneurs, as well as locally incorporated foreign companies.

The benefits of MDB Salam Abiram Account are highlighted below:

Shariah Based current account with withdrawal facility
Free Internet Banking facility
Free SMS Banking facility (for 1st year)
Cheque Book facility
Free Online Transaction

Title		Details
Product Description		This is a transactional current account The accounts will be in local currency (BDT) Minimum initial deposit of BDT 1000 is required to open the account No limit in number and value of transactions
Eligibility		Any SME Entrepreneur, Firm, Institution, Organization, locally incorporated foreign companies, can open this account in the name of business.
Profit and its Application		No profit is applied to this account.
Mode Of Shariah		Al-Wadeeah Principle

MDB Salam Abiram Plus Account

MDB Salam Abiram Plus Account is a regular Shariah Based profit bearing current account which can be opened by any SME, Firm, Institution, Organization as well as locally incorporated foreign companies.

The benefits of MDB Salam Abiram Plus Account are highlighted below:

Shariah Based profit bearing current account with withdrawal facility
Free Internet Banking facility
Free SMS Banking facility (for 1st year)
Cheque Book facility
Free Online Transaction

Title		Details
Product Description		This is a Shariah compliant profit bearing transactional current account The accounts will be in local currency (BDT); Minimum initial deposit of BDT 1000 is required to open the account; No limit in number and value of transactions Free Internet Banking facility; Free SMS Banking facility (1st year only);
Eligibility		Any SME Entrepreneur, Firm, Institution, Organization, locally incorporated foreign companies, can open this account in the name of business.
Profit and its Application		Profit to be calculated on day end balance and will be credited to depositor’s account on half yearly basis.
Mode Of Shariah		Mudaraba

MDB Salam Corporate Payroll Package

This is a Shariah based salary account for employees of different institution.

Title		Details
Eligibility		Only employees of concerned organization (organization having agreement for salary disbursement) having monthly earning over BDT 10,000/- can open the account.
Availability		All MDB branches/Uposhaka or Sub Branch/ABC.
Minimum initial deposit amount		No minimum balance required/
Profit Calculation		Profit will be calculated on daily day end balance and will be credited to monthly.
Key Benefits		Profit calculated on daily balance Profit is credited to account at the end of each month. Debit card fee is waived but re-issuance fee will be as per Schedule of Charges (SOC) of MDB. Free internet Banking. Free SMS banking Free online banking. 1st cheque book is free
Mode of Shariah		Mudaraba
Debit Card		Debit Card is available at the request of the customer and fee is waived but re-issuance fee will be as per Schedule of Charges (SOC) of MDB.
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. Letter/certificate from concerned organization.
Introducer's Eligibility		Any existing MDB Bank account holder or Any MDB officials (including Direct Sales Officer)

MDB SALAM PERSONAL RETAIL ACCOUNT

Title		Details
Product Description		This is a transactional current account. The accounts will be in local currency (BDT). Minimum initial deposit is required to open the account. No limit in number and value of transactions. Free Debit Card facility (1st year only). Free Internet Banking facility. Free SMS Banking facility (1st year only).
Eligibility		Any business owner and individual entrepreneur above 18 years can open this account.
Minimum Initial Deposit		Nil
Profit and its Application		No profit is applied to this account.
Mode of Shariah		Al-Wadeeah Principal.
Account Opening Process and Required Document		Bank's prescribed MDB Personal Retail Account Opening Form (Retail-AOF & KYC). NID of Applicant & Nominee. 2 copies passport size photo of applicant and 1 copy passport size photo of nominee. Utility bill copy (if own house). Office ID or Visiting Card, if available. Attestation from Local Representative (Union Chairman/Ward Commissioner/City Corporation) or Trade Associations required only in case of high risk customers.
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 Photo graph and photo ID. Account holder(s), with written instruction, may change the nominee(s) any time. In the event of account holder’s death, the nominee will not be allowed to continue the account and the amount deposited prior to the death of account holder(s) shall be paid to the nominee(s).
Debit Card Facility & Transaction Limit		Debit Card is available at the request of the customer. (For Individual, Joint & Proprietorship Concern only). The Debit Card needs to be collected from the respective branch (i.e. account opening branch) or it can also be sent to the customer’s desired branch for collection. Transaction limits must be supported by the Transaction Profile (TP) declared by the customers. The Debit Card annual fee is waived for the 1st year. The Debit Card annual fee (after 1st year) and re-issuance fee will be as per Schedule of Charges (SOC) of MDB.
Cheque Book Facility		The Cheque Book needs to be collected from the respective branch (i.e. account opening branch) or it can also be sent to the customer’s desired branch for collection. The cheque book issuance fee (after 1st cheque book) will be as per Schedule of Charges (SOC) of MDB.
Internet Banking Facility		Internet Banking Facility (midland online) isn’t MANDATORY for all the accounts under this product. However, customers’ will be pursued to avail the internet banking facility.
SMS Banking Facility		The SMS banking facility is offered free for 1st year only. After 1st year, the SMS banking fee will be as per Schedule of Charges (SOC) of MDB.
Account Maintenance Fee		NIL
Account Closure Fee		Account can be closed at any time by obtaining written instruction from the account holder. The account closure fee will be as per Schedule of Charges (SOC) of MDB.
Other Fees & Charges		Government Excise Duty is applicable. The operation of this account is 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.
Other Terms & Conditions		The Bank reserves the right to change the rules/procedures of the product if deemed necessary.

FAQ

MDB Salam Mudaraba Personal Retail Account for Merchants

The Salam Mudaraba Personal Retail Account for Merchants is a Mudaraba-based, profit-bearing Special Notice Deposit (SND) account designed for business owners and individual entrepreneurs.

This account facilitates Bangla QR merchant acquiring by providing a convenient and value-added Shariah-compliant settlement account with profit benefits under the applicable Mudaraba framework. It is designed to support merchant transactions and Bangla QR settlements while encouraging merchant onboarding and greater participation in the digital payment ecosystem.

With Midland Bank PLC., merchants can manage their business transactions through a dedicated account while enjoying convenient banking services and applicable Mudaraba profit benefits.

Title		Details
Key Features		Mudaraba-based Profit-bearing Special Notice Deposit (SND) account. Account maintained in local currency (BDT) No minimum initial deposit required. Free Debit Card facility for the first year. Free SMS Alert facility for the first year. Suitable for Bangla QR merchant settlement.
Customer Segments		Business owners and Individual entrepreneurs.
Eligibility		Any business owner or individual entrepreneur aged 18 years or above.
Account Opening Channels		Available at all Midland Bank branches, sub-branches, and Agent Banking Centers.
Required Documents		Bank's prescribed Account Opening Form (AOF), and KYC documents. Applicant's and nominee's National Identity Card (NID). Two (2) copies of the applicant's passport-size photograph and one (1) copy of the nominee's passport-size photograph. Copy of Utility Bill (Gas, Electricity, or Water). Trade License (where applicable). Attestation from the Local Representative (Union Chairman/Ward Commissioner/City Corporation) or Trade Association is required only for high-risk customers. Other documents as prescribed by the Bank.
Nominee Facility		Multiple nominees are allowed, as decided by the account holder(s). Nominees may be changed at any time through written instructions. In the case of a minor nominee, a legal guardian's photograph and photo ID are also required. If a nominee dies during the lifetime of the account holder(s), the nomination will be cancelled, and the account holder(s) must provide written instructions to appoint a new nominee. In the event of the account holder's death, the nominee will not be allowed to continue the account. The balance deposited before the account holder's death will be paid to the nominee(s).
Profit Rate		Profit will be distributed based on the applicable deposit balance slab and the approved Mudaraba profit-sharing arrangement.
Debit Card Facility		A Debit Card is available at the customer's request. The annual Debit Card fee is waived for the first year. The annual fee after the first year and re-issuance fee will be applicable as per the Bank's Schedule of Charges (SOC).
SMS Alert Facility		SMS Alert facility is free for the first year. After the first year, applicable charges will be as per the Bank's Schedule of Charges (SOC).
Account Maintenance Fee		No account maintenance fee is applicable.
Account Closure		The account can be closed at any time upon submission of written instructions from the account holder. Applicable account closure fees will be charged as per the Bank's Schedule of Charges (SOC).
Other Fees & Charges		Government Excise Duty is applicable All applicable taxes, duties, levies, and surcharges imposed by the Government of Bangladesh from time to time will be deducted or recovered from the account.
Terms & Conditions		Midland Bank PLC. reserves the right to amend the rules and procedures governing the product, whenever deemed necessary.

FAQ