|
Services
Accounts, Current, FDR, PDS, Deposit Scheme
Current Account: Generally this sort of account opens for
business purpose. Customers can withdraw money once or more against
their deposit. No interest can be paid to the customers in this
account. If the amount of deposit is below taka 1,000 on an average
the bank has authority to cut taka 50 from each account as
incidental charge after every six months. Against this account loan
facility can be ensured. Usually one can open this account with taka
500. One can open this sort of account through cash or check/bill.
All the banks follow almost the same rules for opening current
account.
Savings Bank Account
Usually customers open this sort of account at a low interest
for only security. This is also an initiative to create people's
savings tendency. Generally, this account is to be opened at taka
100. Interest is to be paid in June and December after every six
months. If money is withdrawn twice a week or more than taka 10,000
is withdrawn (if 25% more compared to total deposit) then interest
is not paid. This account guarantees loan. Almost all the banks
follow the same rules in the field of savings account, except
foreign banks for varying deposit. On an average, all the banks give
around six percent interest.
Special Services
Some Banks render special services to the customers attracting
other banks.
Internet Banking
Customers need an Internet access service. As an Internet
Banking customer, he will be given a specific user ID and a
confident password. The customer can then view his account balances
online. It is the industry-standard method used to protect
communications over the Internet.
To ensure that customers' personal data cannot be accessed by
anyone but them, all reporting information has been secured using
Version and Secure Sockets Layer (SSL).
Home Banking
Home banking frees customers of visiting branches and most
transactions will be automated to enable them to check their account
activities transfer fund and to open L/C sitting in their own desk
with the help of a PC and a telephone.
Electronic Banking Services for Windows (EBSW)
Electronic Banking Service for Windows (EBSW) provides a full
range of reporting capabilities, and a comprehensive range of
transaction initiation options.
The customers will be able to process all payments as well as
initiate L/Cs and amendments, through EBSW. They will be able to
view the balances of all accounts, whether with Standard Chartered
or with any other banks using SWIFT. Additionally, transactions may
be approved by remote authorization even if the approver is out of
station.
Automated Teller Machine (ATM)
Automated Teller Machine (ATM), a new concept in modern
banking, has already been introduced to facilitate subscribers 24
hour cash access through a plastic card. The network of ATM
installations will be adequately extended to enable customers to
non-branch banking beyond banking.
Tele Banking
Tele Banking allows customers to get access into their
respective banking information 24 hours a day. Subscribers can
update themselves by making a phone call. They can transfer any
amount of deposit to other accounts irrespective of location either
from home or office.
SWIFT
SWIFT is a bank owned non-profit co-operative based in Belgium
servicing the financial community worldwide. It ensures secure
messaging having a global reach of 6,495 Banks and Financial
Institutions in 178 countries, 24 hours a day. SWIFT global network
carries an average 4 million message daily and estimated average
value of payment messages is USD 2 trillion.
SWIFT is a highly secured messaging network enables Banks to
send and receive Fund Transfer, L/C related and other free format
messages to and from any banks active in the network.
Having SWIFT facility, Bank will be able to serve its
customers more profitable by providing L/C, Payment and other
messages efficiently and with utmost security. Especially it will be
of great help for our clients dealing with Imports, Exports and
Remittances etc.
|
Bank-wise interest rate on deposit and advances (loans)
|
Interest Rates On |
Nationalized Commercial Banks |
Specialized Banks |
|
Sonali |
Agrani |
Janata |
Rupali |
BKB |
RAKUB |
BSB |
BSRB |
BASIC |
|
Rates Effective From |
01.09.00 |
01.09.99 |
01.09.99 |
01.11.99 |
01.01.2000 |
01.11.99 |
01.10.99 |
01.12.99 |
01.11.99 |
|
DEPOSIT RATES
Savings Rates: |
|
Rural
|
7.00 |
7.50 |
7.50 |
7.75 |
8.00 |
8.00 |
7.75 |
- |
- |
|
Urban |
7.00 |
7.50 |
7.50 |
7.75 |
8.00 |
8.00 |
7.75 |
7.75 |
7.50 |
|
Fixed Deposit Rates: |
|
|
|
|
|
|
|
|
|
|
Three months and above but less than six
months
|
8.25 |
8.00 |
8.50 |
8.75 |
8.50 |
8.50 |
8.50 |
8.50 |
8.50 |
|
Six months and but less than one year |
8.50 |
8.50 |
8.75 |
9.00 |
8.75 |
8.75 |
8.75 |
8.75 |
8.75 |
|
One year and above but less than two years |
8.75 |
8.75 |
9.00 |
9.25 |
9.00 |
9.00 |
9.00 |
9.00 |
9.00 |
|
Two years and above but less than three
years |
9.25 |
9.25 |
9.50 |
9.50 |
9.50 |
9.25 |
9.50 |
9.25 |
9.50 |
|
Three years and above |
9.50 |
9.50 |
9.50 |
10.00 |
10.00 |
9.75 |
9.75 |
9.50 |
10.50 |
|
Lending Rates: |
|
|
|
|
|
|
|
|
|
|
Agriculture |
12.50-13.00 |
13.50 |
11.00-14.50 |
13.00 |
12 -14 |
14 |
- |
- |
13 |
|
Large and Medium Scale |
|
|
|
|
|
|
|
|
|
|
Lending (Term Loan) |
10.00 |
13.00 |
13.00 |
13.50 |
9.50-15 |
13-16 |
13.50 |
13.50 |
12.00-13.00 |
|
Working Capital |
14.00 |
15.50 |
14.50 |
14.50 |
14.00 |
14.50 |
15.50-1600 |
15.00 |
15.00 |
|
Exports |
10.00 |
10.00 |
9.00 |
10.00 |
10.00 |
10.00 |
10.00 |
10.00 |
10.00 |
|
Other Commercial Lendings |
16.00 |
16.00 |
15.00 |
15-18 |
15.50 |
15.00 |
16.00 |
15.5-16 |
16.00 |
|
Small Industry |
13.00 |
11.50 |
11.50 |
11.00 |
12-13.50 |
10-15 |
11.50 |
11.50 |
- |
|
Others |
12-18 |
11.00-16.00 |
12-15 |
15.00-18.00 |
10.00-16.00 |
11-18 |
14.50-18.00 |
15-16 |
10.50-15.00 |
|
Interest Rates On |
|
|
|
Private Banks |
|
|
City |
UCBL |
ABBL |
IFIC |
NBL |
Uttara |
Pubali |
EBL |
NCCBL |
|
|
Rates Effective From |
01.08.97 |
01.09.97 |
01.07.00 |
01.05.98 |
01.06.97 |
10.07.00 |
01.01.00 |
22.02.2000 |
01.07.98 |
|
|
DEPOSIT RATES
Savings Rates |
|
|
Rural
|
8.00 |
8.00 |
7.75 |
- |
7.25 |
7.25 |
6.50 |
- |
- |
|
|
Urban |
8.00 |
8.00 |
7.75 |
7.50 |
7.25 |
7.25 |
6.50 |
7.25-7.50 |
8.50 |
|
|
Fixed Deposit Rates |
|
|
|
|
|
|
|
|
|
|
|
Three months and above but less
than six months
|
8.25 |
8.25 |
8.75 |
8.00-9.00 |
8.00 |
8.75 |
8.00 |
8.50-8.75 |
9.00-9.25 |
|
|
Six months and but less than one
year |
8.50 |
8.50 |
9.00 |
8.25-9.25 |
8.25 |
9.00 |
8.25 |
9.00-9.25 |
9.25-9.50 |
|
|
One year and above but less than
two years |
9.00 |
9.00 |
9.75 |
8.50-9.50 |
8.50 |
9.25 |
8.50 |
9.50-9.75 |
9.75-10.50 |
|
|
Two years and above but less than
three years |
9.50 |
9.50 |
10.00 |
9.00-10.00 |
9.25 |
9.50 |
9.00 |
- |
10.25-11.25 |
|
|
Three years and above |
10.00 |
- |
- |
9.50-10.50 |
9.25 |
10.00 |
- |
- |
10.75-11.50 |
|
|
Lending Rates |
|
|
|
|
|
|
|
|
|
|
|
Agriculture |
11.5-14.0 |
14.00 |
10-14 |
13.75 |
13.00 |
14.00 |
13.00 |
14.00 |
14.00 |
|
|
Large and Medium Scale |
|
|
|
|
|
|
|
|
|
|
|
Lending(Term Loan)
|
15.50 |
16.50 |
13-15.50 |
15.00 |
15.00 |
15.00 |
15.00 |
16.00 |
16.00 |
|
|
Working Capital |
11.5-16.0 |
16.50 |
11-16 |
15.00 |
15.50 |
15.50-16.50 |
14-15 |
11.50-16.00 |
16.00 |
|
|
Exports |
10.00 |
10.00 |
10.00 |
10.00 |
10.00 |
10.00 |
10.00 |
10.00 |
10.00 |
|
|
Other Commercial Lendings |
14.0-16.5 |
16.50 |
13.50-16 |
15.50-16.50 |
16.00 |
16.50 |
16.00 |
16.00 |
15.50-16.50 |
|
|
Small Industry |
12.00 |
12.00 |
11-12 |
12.00 |
12.00 |
12.00 |
15.00 |
15.00 |
12.00 |
|
|
Others |
14.5-18.5 |
16.50 |
11-16.50 |
15.50-16.50 |
16.50 |
15.50-16.50 |
15-18 |
16.00 |
16.00 |
|
|
