AB Bank Limited introduces a great and superb online savings account, namely "Smart Saver" with no check book thinking about the demands of the customers.
Features
- For individuals in single or joint names.
- Initial deposit of minimum BDT 5,000.00.
- Free SMS banking & internet banking.
- No restriction on the number of transactions subject to transaction profile (TP).
- Interest calculated daily and applied quarterly.
- No interest forfeiting rules subject to maintaining minimum balance of BDT 5,000.00.
- ATM transactions limit maximum BDT 1,00,000.00 per day.
Additional Features
- Free Debit card.
- No Account Maintenance Fee.
*Subject to maintaining average balance of BDT 5,000.00.
Interest Rate
- Less than BDT 50,000.00 -- 0.00%
- BDT 50,000.00 to less than BDT 2,50,000.00 -- 1.00%
- BDT 2,50,000.00 to less than BDT 5,00,000.00 -- 1.50%
- BDT 5,00,000.00 to less than BDT 15,00,000.00 -- 2.50%
- BDT 15,00,000.00 to less than BDT 25,00,000.00 -- 3.50%
- BDT 25,00,000.00 & above -- 4.50%
Required Documents
- Duly filled Account Opening Form (to be signed by the Applicant in front of Bank's Official).
- 2 copies of recent Passport Size Photograph of the Account holder(s) attested by the introducer.
- Copy of the Photo Identification Document (original to be presented for verification).
- Proof of Address document (original to be presented for verification): Electricity Bill/ WASA Bill/ Gas Bill/ Telephone Bill/ Current Rent or lease Agreement/ Certificate of Employer/ Holding Tax receipt from City Corporation or Municipality/ TIN or BIN Certificate.
AB Bank Limited, established in 1981, holds the distinction of being the first private commercial bank in Bangladesh. Founded in the wake of the country's economic liberalization, AB Bank was a pioneering entity that aimed to enhance financial services and promote economic growth through the provision of banking facilities to the private sector. The bank's inception marked a significant shift in the banking landscape of Bangladesh, which had been dominated by state-owned banks. With a focus on innovation and customer service, AB Bank quickly gained recognition for its commitment to modern banking practices.
Throughout its history, AB Bank has consistently expanded its services to meet the evolving needs of its customers. The bank offers a comprehensive range of financial products, including retail and corporate banking, trade finance, foreign exchange, and treasury services. Its retail banking division provides savings accounts, current accounts, fixed deposits, and personal loans, catering to individual customers' diverse financial needs. On the corporate front, AB Bank offers tailored solutions for businesses, including working capital financing, project financing, and cash management services, thereby supporting the growth of small and medium enterprises (SMEs) in the country.
AB Bank has also been at the forefront of digital banking in Bangladesh. Recognizing the importance of technology in enhancing customer experience, the bank has invested significantly in digital infrastructure. This includes online banking, mobile banking, and various digital payment solutions, making banking more accessible to a wider audience. The bank's commitment to innovation is reflected in its efforts to simplify banking processes and improve efficiency, which has resonated well with its customers.
Furthermore, AB Bank is deeply committed to corporate social responsibility (CSR). It actively participates in various community development initiatives, focusing on education, healthcare, and environmental sustainability. By supporting these initiatives, AB Bank not only fulfills its corporate responsibilities but also contributes to the overall development of the country.
In conclusion, AB Bank Limited has played a pivotal role in the banking sector of Bangladesh since its establishment. With a strong focus on customer service, innovation, and corporate social responsibility, the bank has successfully adapted to the changing dynamics of the financial landscape. Its commitment to providing quality financial services has positioned AB Bank as a trusted institution in Bangladesh, contributing significantly to the nation's economic growth and development.
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