Student Savings Account

Student Savings Account is designed for our future generation to introduce them in Banking practice. Any student at the age of below eighteen years can open this account. However, the account is operated by legal guardian of the students. Cheque and ATM card (only debit card) can be used to withdraw amount from the account. Maximum limit for monthly withdrawal through ATM Card and Point of Sales (POS) will be Tk 2000.00. This limit may be increased up to Tk 5,000.00 on request of the guardian.

Minimum Initial Deposit for such account will be Tk 100.00 (one hundred).

Interest in account shall be paid on daily product basis but no interest in this account is payable for the month if

  •   Balance in the account falls below Tk 10,000.00 (ten thousand) on any day during the month, or
  •   Withdrawal in account is more than twice in a week, or
  •   Amount withdrawn in a single Cheque exceeds 25% of balance of the account.
  •   Attested photocopies of birth registration certificate
  •   Present and Permanent Address.
  •  Attested copies of Institutional identity card/Certificate issued by Educational Institute/Receipt of School Fees of the last month of students
  •  Two copies of passport size photographs of both the account holder and guardian.
  •   Attested photocopy of National ID of the Guardian.

Any student aged below 18 years will be eligible to open this account.

Account will be operated through father/mother or Legal Guardian of the students

Both the account holder and the Guardian/Legal Guardian will be citizen of Bangladesh.

Minimum Initial Deposit: Minimum Initial Deposit for such account will be Tk 100.00 (one hundred).

Withdrawal from the Account: Cheque and ATM card can be used to make withdrawal from the account. Drawer of the cheque must be the guardian.

ATM Card: ATM card (only debit card) can be issued against this type of account. Maximum limit for monthly withdrawal through ATM Card and Point of Sales (POS) will be Tk 2,000.00. This limit may be increased up to Tk 5,000.00 on request of the Guardian.

Collection of Tuition Fees and Charges from Students: If both educational institution and student maintain account with us, then upon mutual understanding with the educational institution monthly fees and charges of students can be collected from this student savings account on request of the guardian of the student.

Deposit of scholarship/stipend Benefit: All kinds of scholarship/stipend of the students can be deposited into this Account.

Service Charge/Fee: No service charge/fee in this account. ATM Card issue fee, renewal fee and Cheque book issue fee are waived in this account.

Opening of other Scheme: Any type of savings schemes can be opened by transferring balance from these Student Savings account.