Current Account

Current Account is a deposit account where any eligible Bangladeshi aged minimum 18 years can open this account in any scheduled bank in Bangladesh with minimum deposit amount. Normally bank does not provide any interest against deposit amount. Account holder can withdraw & deposit money as per Transaction Profile (TP) declared by the depositors. It can be opened by any individual/sole proprietor/Partnership firm/Joint stock company (private or public)/Club/Association/School/College/University/Local bodies/Statutory Bodies/Autonomous bodies or any other legal entities with individual name or two or more joint name. Bank may impose some annual fee/maintenance charges against this account. All scheduled banks of Bangladesh have current account products.
Features

• Account Name: Account name would be account holder’s individual name or joint name of two/more individual or business name.
• Daily Transaction number: No restriction is imposed on the number of transactions. Account holder can withdraw & deposit money daily as many times as he/she wants within the working hours.
• Transaction Amount: Account holder can deposit & withdraw any amount of money as per transaction profile (TP). Withdrawal amount depends on Accounts balance.
• Transaction Mode: Cash, Cheque, Debit Card, Online, Electronic fund transfer, or other mode offered by banks.
• Account Operational Authority: Account can be operated individually (for single name account) or jointly or anyone (for joint name account). Account holder can also provide mandate to any legal Bangladeshi eligible to operate account.
• Interest: Normally bank doesn’t provide any interest against this account.

Varieties of Current Account Products