Short Notice Deposit

Short Notice Deposit Account is an interest bearing deposit account specially designed to facilitate the financial need of large corporate or Government bodies. This account allows customers withdraw and deposit any amount and earn a higher rate of return at the end of month. Among the key features cheque book facility, VISA debit card facility, access to account 24/7 via ATM and opportunity to get up to 3.50% interest are mentionable.

Any individual or corporate body can open SHORT NOTICE DEPOSIT.

Minimum balance Tk.0.50 lac

2.00% -3.50%

  •   Less than Tk.1.00 Crore: 2.00%
  •   Tk.1.00 crore and above but less than Tk.25 crore : 3.00%
  •   Tk.25.00 crore and above but less than Tk.50 crore : 3.00%
  •   Tk.50.00 crore and above but less than Tk.100 crore : 3.50%
  •   Tk.100.00 crore and above : 3.50%

Rate of interest for SND Premium: 2.00% - 6.50%

7 days of notice is required if the customer wishes to withdraw money from this account for availing interest.

Interest in SND A/C shall be paid on daily product basis but no interest shall be paid for the month if the balance in the account falls below Tk 50,000.00 (fifty thousand) on any day during the month.

  •  Two copies of recent passport size Photographs of account holder duly attested by the Introducer.
  •   One copy of Passport Size Photograph of Nominee duly attested by the Account Holder.
  •  Duly attested photocopy of valid Passport/Employer’s Certificate/ID Card/Driving Licence/Voter ID Card/National ID Card or Certificate about credentials by the local Ward Commissioner/Chairman of Union Parishad
  •  Proof of address such as copy of utility bill viz. Electricity Bill/Land Phone bill/Cell Phone Bill/Gas Bill/WASA Bill, etc. in the name of applicants.
  •  Tax Certificate (if any)
  •   In case of non-personal entity, related documents need to be submitted

Initial Deposit for opening this account is Tk 50,000.00 (fifty thousand).

SND A/C may be introduced by a running CD/SND/SB Account holder having prolonged relationship with the bank and track of satisfactory transactions.