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New Born's Savings Account

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City Bank Limited introduces a great and superb deposit account for newborn babies, namely "New Born's Deposit Account" which is an account for parents who wish to save for their child's future.

Features
- Interest on monthly average balance.
- Half yearly interest payment.
- Insurance coverage.
- Auto instalment transfer facility to DPS account.
- Flexibility to choose the instalment date.


Eligibility
- Age: From the day of birth till the child turns 6 years old.
- Nationality: Bangladeshi.

Schedule of Charges
- Minimum account opening balance: Tk. 1,000.00
- Account maintenance fee
    Average balance up to Tk. 10,000.00: Nil
    Average balance above Tk. 10,000.00 - 25,000.00: Tk. 100.00 (half yearly)
    Average balance above Tk. 25,000.00 - 200,000.00: Tk. 200.00 (half yearly)
    Average balance above Tk. 200,000.00 - 1,000,000.00 Tk. 250.00 (half yearly)
    Average balance above Tk. 1,000,000.00: Tk. 300.00 (half yearly)
- Closing of account: Tk. 200.00

About The City Bank PLC

City Bank PLC was established in 1983 with the goal of providing a wide range of banking services to cater to the growing needs of Bangladesh’s economy. The bank was founded in the wake of a burgeoning financial sector, driven by the need for a more dynamic and customer-focused banking institution. In its early years, City Bank concentrated on laying a strong foundation in traditional banking, focusing on essential services such as deposits, loans, and payment solutions.

The 1990s marked a significant phase in City Bank’s evolution. During this period, the bank expanded its branch network across the country, enhancing its accessibility and reach. It also began to embrace technological advancements, introducing innovations such as ATMs and electronic banking services. This era of expansion and modernization helped City Bank establish a more robust presence in the Bangladeshi banking sector.

Entering the 2000s, City Bank PLC made a strategic shift towards digital transformation. Recognizing the growing importance of technology in financial services, the bank invested heavily in online and mobile banking platforms. This move was part of a broader strategy to offer more convenient and efficient banking solutions to its customers. The introduction of these digital platforms marked a new chapter in City Bank’s history, aligning with global banking trends and setting a benchmark for innovation in Bangladesh.

The 2010s and 2020s have been characterized by continued growth and technological integration. City Bank has focused on enhancing its service offerings and expanding its market presence through strategic partnerships and continuous upgrades to its technological infrastructure. The bank's commitment to customer satisfaction and its proactive approach to embracing new financial technologies have solidified its position as a leading banking institution in Bangladesh.

City Bank PLC offers a wide array of banking services designed to meet the diverse needs of its customers. These services can be broadly categorized into personal banking, corporate banking, SME banking, digital banking, wealth management, foreign exchange services, and other specialized offerings.

City Bank PLC’s history reflects a continuous journey of growth, adaptation, and innovation. From its early days of establishing a strong banking foundation to its current status as a leader in digital banking and customer service, the bank has demonstrated a commitment to meeting the evolving needs of its customers. With a diverse range of services and a focus on technological advancement, City Bank PLC remains a pivotal institution in Bangladesh’s financial sector, dedicated to contributing to the country’s economic development and offering valuable financial solutions to its clientele.