MDB Saalam Current Account

Any institution and Bangladeshi citizen can open Midland Bank Saalam 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 Saalam Current Account - Corporate

Any institution can open Midland Bank Saalam 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 Saalam Abiram Account

MDB Saalam 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 Saalam 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
KEY FEATURES ON “MDB SAALAM ABIRAM ACCOUNT”
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 Saalam Abiram Plus Account

MDB Saalam 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 Saalam 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
KEY FEATURES ON “MDB SAALAM ABIRAM PLUS ACCOUNT”

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 Saalam 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 SAALAM 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.