Deposit Products - basicbanklimited.com · 27/8/2020 · 01. Current Deposit Account BASIC Bank offers customers current deposit facility which is an easy–to-use account for daily

Deposit Products

01. Current Deposit Account

02. BASIC Premium Plus Current Account

03. Savings Deposit Account

04. School Banking Account

05. Krishok Savings Account

06. RMG Worker Account

07. Leather Industry Worker Account

08. BASIC Chalantika

09. Trinomul Savings Account

10. Muktijoddha Savings Account

11. Interest Free Special Savings Deposit Account

12. Special Notice Deposit (SND)

13. Fixed Term Deposit

14. BASIC Century Deposit Scheme

15. BASIC Twofold Winner Scheme

16. BASIC Monthly Gainer Scheme

17. BASIC DPS Plus

18. BASIC Swapnopuron

19. BASIC Friendship Account

20. Sata Barsha Shanchoy Prakalpo

01. Current Deposit Account

BASIC Bank offers customers current deposit facility which is an easy–to-use account for daily business

transactions with no restriction, instant access and withdrawals of money in anywhere in Bangladesh.

Features:

Opening deposit is minimum Tk.500/-(Tk. Five Hundred).

Cheque-book, ATM Service, SMS Alert Service.

Taxes and duties will be applied as per govt. rule.

State owned organization / project funds / govt. program, etc. related account may be opened without any initial balance.

Current Deposit Account may be opened in the name of:

Individual (Single)

Two or more Individuals (Joint)

Sole Proprietorship Concerns

Partnership Firms

Limited Companies (Both Public and Private)

Societies / Clubs / Associations / Local Bodies

Banks

Govt. / Semi Govt. Offices / Corporations / Autonomous Bodies.

Interest Rate: Not applicable

Required Information & Documents:

Duly filled up Account Opening Form.

NID / Birth Certificate / Valid Passport.

TIN (if any).

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.

For opening of current accounts for joint stock companies, associations and clubs etc.:

Copy of Registration or Incorporation certificate (in case of company or registered organization)

Copy of certificate of commencement (only for public limited company).

Copy of Memorandum and Articles of Association (in case of limited company).

Copy of Constitution and By-law (in case of association)

Copy of minutes of board of directors / managing committee / governing body meeting for account management

Certified copy of the names of directors / officials and their signatures

Declaration.

02. BASIC Premium Plus Current Account

A current deposit account with free remittance facility for bank’s premium customers only where some

interest benefit may be rewarded based on average monthly balance.

Features:

Opening deposit is minimum 10,000/-(Tk. Ten Thousand).



BASIC Premium Plus Current Deposit Account may be opened in the name of:

Individual (Single)



Partnership Firms



Banks

Govt. / Semi Govt. Offices / Corporations / Autonomous bodies.

Interest Rate:

0.00% to 1.50% p.a.

SL.

No.

Minimum

Daily Balance Monthly Average Balance Interest Rate

1 Tk. 10,000.00 Average monthly balance less then Tk. 10.00 Lac Nil

2 Tk. 10,000.00 Average monthly balance Tk. 10.00 Lac to < Tk. 20.00 Lac 1.00% p.a.

3 Tk. 10, 000.00 Average monthly balance Tk. 20.00 Lac and above 1.50% p.a.

*Interest rate is subject to change from time to time.



NID / Birth Certificate / Valid Passport

TIN (if any).



For opening of current accounts for joint stock companies, associations and clubs etc.:



Copy of Memorandum and Articles of Association (in case of limited company).




Declaration.

03. Savings Deposit Account

Savings Deposit Account is a basic type of bank account that allows to deposit money, keep it safe, and

withdraw funds, all while earning interest. It also promotes the savings habit among the people.

Features:

Opening deposit is minimum Tk.200/-(Tk. Two Hundred)


Taxes and duties will be applied as per rule.

State owned organization/project funds/govt. program, etc. related account may be opened without any initial balance.

Savings Account may be opened in the name of:

Individual (Single).


Minor jointly with Natural / Legal Guardian.

Clubs / Societies / Associations or Similar Institutions / non-profit organizations and others.

Interest Rate:

4.00% p.a. *Interest rate is subject to change from time to time.




TIN (if any).



For opening of Savings Deposit Account in the name of Club / Societies / Associations or Similar

Institutions / non-profit organization, etc.:

Copy of constitution / by-law / code of conduct of the concern

Copy of minutes of managing committee / governing body meeting for account management

Declaration.

04. School Banking Account

School banking is a specially designed deposit product for the students with a vision to increase their

savings habit and familiarize young generations with banking. The scheme is a savings account in nature

and will be treated as minor account.

Features:

Opening deposit is minimum Tk.100/-(Tk. One Hundred).

There will be no charges and no minimum balance requirement to maintain the account.



School Banking Account may be opened in the name of:

A student who is under 18 years old jointly with his/her Natural / Legal Guardian.

Interest Rate:




School ID Card / Pay-slip / School Certificate of the Student.

Birth Certificate of the Student.

NID / Birth Certificate / Valid Passport of Natural / Legal Guardian.

2(two) copy recent passport size Photographs of account holder and 2(two) copy recent passport size Photographs of natural / legal guardian duly attested by the Introducer.

One copy of Passport Size Photograph of Nominee duly attested by the legal guardian of account holder.

NB: Parents of the student could be both legal guardian & nominee of the account.

05. Krishok Savings Account

Krishok Savings Account is a dedicated deposit product for the farmers to increase their savings habit and

familiarize them with banking. Any adult individual farmers in single or joint name(s) can open this

account to get access over various banking services.

Features:

Opening deposit is minimum Tk.10/-(Tk. Ten).

Cheque-book, ATM Service, SMS Alert Services

Waiver of various account operation and maintenance related charges and fees.


Interest Rate:




NID / Birth Certificate.

Krishi Card issued by Upazilla / Metropolitan Krishi Officer.



06. RMG Worker Account

Only adult individual workers of readymade garments industry operated in Bangladesh can open this

account in single or joint name(s). This account is applicable only for Bangladeshi citizens.

Features:





Interest Rate:




NID / Birth Certificate

Employer-issued ID Card.



07. Leather Industry Worker Account

Only adult individual workers of small industries under ‘Leather Sector Business Promotion Council’

operated in Bangladesh can open this account in single or joint name(s). This account is applicable only

for Bangladeshi citizens.

Features:





Interest Rate:





Employer-issued ID Card.



08. BASIC Chalantika

Only adult individual licensed drivers of any type of vehicles and their family members can open this

account in single or joint name(s). This account is applicable only for Bangladeshi citizens.

Features:





Interest Rate:





Copy of Valid license.



09. Trinomul Savings Account

Only adult individual(s) of low income generating professionals and small scale businessmen can open

this account in single or joint name(s). This account is applicable only for Bangladeshi citizens.

Features:





Interest Rate:







10. Muktijoddha Savings Account

Freedom fighters of Bangladesh are entitled to open this account in single name.

Features:


Cheque-book, ATM Service, SMS Alert Services.



Interest Rate:





Freedom Fighter Honorary Allowance Pay-Book



11. Interest Free Special Savings Deposit Account

It is a special type of saving deposit account of the Bank that allows to deposit money, keep it safe, and

withdraw funds, all while getting waiver of various account operation and maintenance related charges

and fees. It also promotes the savings habit among the people.

Features:

Opening deposit is minimum Tk.500/-(Tk. Five Hundred)


No debit card issue fee, account maintenance fee.

No debit card renewal fees if daily average balance is Tk.15,000/-(Tk. Fifteen Thousand) for respective interval; i.e. from previous issue/renewal month to next 12 months.

Minimum deposit balance is Tk.500/-(Tk. Five Hundred).

Duties and other charges will be applied as per rule.

Interest Free Special Savings Deposit Account may be opened in the name of:




Interest Rate:

Not applicable




TIN (if any).




For opening Account in the name of minor:




12. Special Notice Deposit (SND)

BASIC Bank provides Special Notice Deposit Account facility for corporate customers for day-to-day

business operations. Any individual or corporate body can open Special Notice Deposit Account, which is

an interest bearing deposit account, for a short period of time. However, 7 days of notice is required if the

customer wishes to withdraw money from this account.

Features:

Opening deposit is minimum Tk.500/-(Tk. Five Hundred).

7 days of notice is required for withdrawal money.



State owned organization / project funds / govt. program, etc. related account may be opened without any initial balance.

BASIC Special Notice Deposit (SND) may be opened in the name of:

Individuals



Partnership Firms



Banks

Govt. / Semi Govt. Offices / Corporations / Autonomous bodies.

Interest Rate:

Less than Tk. 1.00 crore 4.00%

Tk. 1.00 crore & above but less than Tk. 25.00 crore 4.00% Tk. 25.00 crore & above but less than Tk. 50.00 crore 4.00% Tk. 50.00 crore & above but less than Tk. 100.00 crore 4.00% Tk. 100 crore and above 4.00%





TIN (if any).



For opening of SND accounts for joint stock companies, associations and clubs etc.:



Copy of Memorandum and Articles of Association (in case of limited company)




Declaration.

13. Fixed Term Deposit

BASIC Bank offers fixed term deposit to boost up customers savings in time. One can deposit a lump

sum of money for a fixed period to get attractive rate of return.

Features:

A non-transferrable instrument (FDR) to be issued in favor of account holder.


Premature encashment will be allowed but conditions applied.

Loan facility available up to 90% of deposit amount but conditions applied.

Fixed Term Deposit can be opened in the name of:



Sole Proprietorship Concern.

Partnership Concern (Firm).

Limited Companies (both Public and Private).

Society / Club / Association / Local Bodies / Govt./Semi Govt. Organization, etc.

Tenure wise Interest Rate:

Tenure Rate of interest

01 month 4.50%

03 months 5.50%

06 months 5.75%

12 months 6.00%

24 months 6.00%




NID/ Birth Certificate/ Valid Passport

TIN (if any).



For opening of FDR accounts for joint stock companies, associations and clubs etc.:



Copy of Memorandum and Articles of Association (in case of limited company)




Declaration.

14. BASIC Century Deposit Scheme

This is a 100 days, 200 days or 300 days fixed deposit product. Eligible individual (single or jointly) can

deposit a lump sum of money to get attractive rate of return.

Features:

A non-transferrable instrument like FDR to be issued in favor of account holder.

Initial deposit amount will be Tk. 25,000/- (Tk. Twenty Five Thousand) or multiples thereof.




BASIC Century Deposit Scheme may be opened in the name of:

Individuals



Slab & Tenure wise Interest Rate:

7.00% to 8.50% p.a.

Slab/Tenure 100 days 200 days 300 days

Tk. 25,000 to Tk. 24,99,999 7.00% 8.00% 8.00%

Tk. 25,00,000 to Tk. 99,99,999 7.50% 8.25% 8.25%

Tk. 1,00,00,000 and above 8.00% 8.50% 8.50%

*Interest rate is subject to change from time to time; continuity of the product is at management

discretion.




TIN (if any).



For opening Account in the name of minor:




15. BASIC Twofold Winner Scheme

This scheme will make one’s money double after a certain period of time. Only adult individual(s) in

single and joint name(s) can open this scheme.

Features:


Initial deposit amount is minimum Tk. 25,000/- (Tk. Twenty Five Thousand) and multiplies thereof; but not exceeding Tk. 50,00,000/- (Tk. Fifty Lac).





Auto-renewal is not allowed.

Interest Rate & Tenure:

8.90% p.a. (approx.) with half-yearly compounding and the tenure is 8 years. Interest rate & Tenure are subject to change from time to time.




TIN (if any).



16. BASIC Monthly Gainer Scheme

Any adult individual(s) can open this scheme in single or in joint names by depositing a certain sum of

money for a certain period of time to get fixed amount of monthly income. The scheme holder(s) must

have savings / current / SND account with the Bank to receive monthly income.

Features:

Initial deposit amount is minimum Tk.1,00,000/- (Tk. One Lac) and multiples thereof; but not exceeding Tk.25,00,000/- (Tk. Twenty Five Lac).

1 year, 3 years & 5 years tenure.




Loan facility available up to 80% of deposit amount but condition applied.

Auto-renewal is not allowed.

Tenure wise Interest Rate and gross monthly benefit:

Tenure Interest Rate Gross Monthly Benefit per Lac Tk.

1 year 8.00% Tk. 666.67

3 years 8.00% Tk. 666.67

5 years 8.00% Tk. 666.67

*Interest rate is subject to change from time to time as per schedule of interest rate on deposit.




TIN (if any).



17. BASIC DPS Plus

It is a monthly installment basis deposit scheme for a period of 3 or 5 years. At the end of maturity,

customer will get the total deposited amount with applicable interest and other benefit. Monthly

installment should be paid within the last day of each month to keep the scheme regular.

Features:

Individual(s) in single and joint names.


Monthly installment size is minimum Tk.500/- (Tk. Five Hundred) or multiples thereof; but not exceeding Tk.20,000/- (Tk. Twenty Thousand).

3% Bonus on principal value provided installments are paid regularly.




Tenure wise Interest Rate:

For 03 Years 8.00% p.a.

For 05 Years 8.50% p.a.

The interest will be calculated on yearly compounding method. *Interest rate is subject to change from time to time as per schedule of interest rate on deposit.



Present and Permanent Address.


TIN (if any).



In case of minor account holder, one copy of Passport Size Photograph of Nominee duly attested by the legal guardian of account holder.

18. BASIC Swapnopuron

It is a monthly installment basis deposit scheme for a shorter period of time; i.e. for 6 months, 1 year, 1.5

years, 2 years or 2.5 years term only. At the end of maturity, customer will get the total deposited amount

with applicable interest benefit. Monthly installment should be paid within the last day of each month to

keep the account regular.

Features:

Any citizen of Bangladesh can open this account in the name of an individual only.

Monthly installment size is minimum Tk. 2,000/- (Tk. Two Thousand) or multiples thereof; but not exceeding Tk.50,000/- (Fifty Thousand).



Loan facility available but condition applied.

Interest Rate:

Interest rate will be 7.50% p.a. irrespective of tenure in half-yearly compounding method. *Interest rate is subject to change from time to time as per schedule of interest rate on deposit.




TIN (if any).



In case of minor account holder, one copy of Passport Size Photograph of Nominee duly attested by the legal guardian of account holder.

19. BASIC Friendship Account

It is an interest bearing salary account with overdraft facility to provide payroll services to any salary paid

organizations. There might be an arrangement between the employer and the bank to facilitate such

payroll and other banking services to its employees.

Features:

Salary account from employee’s perspective

Payroll services from employer’s perspective

Only salaried person can open this account.


Overdraft credit facilities available for the account holders but condition applied.

Interest Rate:

Interest rate will be 3.00% p.a. which will be calculated on day count basis. *Interest rate is subject to change from time to time as per schedule of interest rate on deposit.




TIN (if any).



Salary Certificate/Appointment Letter / Job Confirmation Letter / Letter of Introduction; i.e. a proof that the account holder is a salaried person.

20. Sata Barsha Shanchoy Prakalpo

It is a monthly installment basis deposit scheme introduced on the occasion of centennial of ‘Father of the

Nation’ for a period of 100 months (8 years & 4 months). At the end of maturity, customer will get the

total deposited amount with applicable interest benefit. Monthly installment should be paid within the 17th

day of each month to keep the account regular.

Features:

Any adult individual(s) who has savings/current or such account can open this scheme in single or in joint names.

Monthly installment size is minimum Tk.2,500/- (Tk. Two Thousand & Five Hundred) and multiples thereof; but not exceeding Tk.20,000/- (Tk. Twenty Thousand).




Interest Rate:

Simple Interest rate is 9.50% p.a.

Monthly Installment Tenure Total Deposit Amount Total Interest

2,500

100 months

2,50,000 1,00,000

5,000 5,00,000 2,00,000

7,500 7,50,000 3,00,000

10,000 10,00,000 4,00,000

12,500 12,50,000 5,00,000

15,000 15,00,000 6,00,000

17,500 17,50,000 7,00,000

20,000 20,00,000 8,00,000



NID/ Birth Certificate/Valid Passport.

TIN (if any).



NB: Customers are allowed to open accounts under this scheme till March 2021.