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
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.
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.