First Security Islami Bank PLC is the first Bank to introduce specialized banking facility exclusively for Madrasa students with an aim to facilitate them with modern banking services.
Key Features:
Minimum Initial deposit amount is only BDT 100/- only.
FSIB Mudarabah Salary Saving Account (Prapti) is for those whose monthly salary is BDT 5000 or above. It’s an account styled to provide you the best profit rate at a low balance requirement—making it the classic choice for you.
Key Features:
Individual account for office employees to help disbursement of monthly salary.
The organization needs to have a minimum of 10 employees and a payout of TK 100,000/- (One Lac Taka) only per month and an average salary per employee of TK 10,000/- per month.
Minimum Age: 18 years.
Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.
A Specialized account that gives you more transactions limit than regular.
Key Features:
Any adult having sound mind can open this account in his/her name singly or jointly with others.
Any proprietorship/partnership firm, limited company (private/public), educational institution, club, association, socio-economic organization can also open this account.
Account opening balance is TK. 5,000 only, which is treated as minimum balance of the account.
Mudarabah “FSIB Smart Account” for those who are interested to get unlimited transaction facility and high profit rate like as Mudarabah Term Deposit Account in one account. It’s a unique savings account and provide the best profit rate at slab wise.
Key Features:
Individual account for all valued client.
Profit calculated on daily basis and pay to account in month end.
Free ATM Card for 1st year.
Special facility withdrawal in others Bank ATM Booth.
Any adult having sound mind can open this account in his/her name singly or jointly with others.
Any proprietorship/partnership firm, limited company (private/public), educational institution, club, association, socio-economic organization can also open this account.
Minimum balance is TK. 10,000 only.
Sl
Nature
Period (s)
Profit Rate (Provisional)
01
MTDR
1 Month
6.50%
02
MTDR
3 Month
8.00%
03
MTDR
6 Month
8.25%
04
MTDR
12 Month
9.50%
Note:
Profit amount is subject to the deduction of the income tax and/or other levies.
As per Islamic Shariah, a Muhor is the bride wealth obligation, in the form of money, possessions or teaching of verses from the Quran by the groom. It is Fard (Mandatory) for a husband to Pay Muhrana to his wife. FSIB introduces “Mudarabah Muhor Deposit Scheme” for creating opportunities to establish this Fard. Any religious person, married or unmarried, may open this account in the name of his wife or himself respectively with a view to paying Muhrana on a monthly installment basis.
Key Features:
Monthly Installment from TK. 1,000/- to TK. 1,00,000/-
Installment/Tenure will remain fixed after choosing the tenure or the installment. Once chosen the installment/tenure can’t be rectified further.
Standing instruction from savings or other demand deposit account against payment of installment is free of cost.
Facility to deposit the installment at any branch/sub branch throughout the month.
Facility for depositing the installment in advance but late fee will be applicable for due installment (up to Tk. 5,0000: Tk.10, from Tk.10,000/- up to Tk.20,000: Tk.25 and more than Tk. 20,000: Tk. 40).
If any customer fails to pay the installment for consecutive three (3) months, the account will be closed automatically.
Installment deposit facility for any working day of month.
In case of early encashment, profit will be calculated as per pre-matured encashment system.
Note
Maturity value is subject to proper and regular payment of the prescribed monthly installments.
Maturity Amount showed here is subject to income tax and/or other levies.
Eligibility:
Minimum Age: 18 years.
Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.
Mudarabah Monthly Deposit Scheme “FSIB Care” gives More attractive provisional profit rate than others.
Key Features:
Monthly Installment from TK. 2,000/- to TK. 1,00,000/-
Tenure: 18 & 36 Months.
Freedom of choosing any tenure & any installment.
Installment fixed by choosing the tenure or the installment. Once chose the installment/Tenure can’t rectify it further.
Installment deposited facility by others savings account standing instruction in free of cost.
Deposit the installment at any branch/sub branch through the month around the country.
Facility for depositing the installment in advance but have to pay penalty for due installment (up to BDT 20,000, the penalty is 25 tk and more BDT 20,000, penalty is 50 Tk.).
If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
Installment deposited facility for any working day in month.
Investment facility against the deposited amount.
In case of early encashment, Profit calculation will be as below
- Closed Before 06 (Six) Months – Only principal amount will be paid.
- Closed After 06 (Six) Months but before contract of maturity - Profit will be applied at Mudarabah Savings Rate.
Sl. no
Installment
Maturity Amount (18 Months)
Maturity Amount (36 Months)
1
2,000
39,654
87,411
2
3,000
59,481
1,31,117
3
4,000
79,308
1,74,823
4
5,000
99,135
2,18,528
5
6,000
1,18,962
2,62,234
6
7,000
1,38,789
3,05,940
7
8,000
1,58,616
3,49,645
8
9,000
1,78,443
3,93,351
9
10,000
1,98,270
4,37,057
10
15,000
2,97,404
6,55,585
11
20,000
3,96,539
8,74,114
12
25,000
4,95,674
10,92,642
13
50,000
9,91,348
21,85,284
14
1,00,000
19,82,695
43,70,568
Note:
Maturity value is subject to proper and regular payment of the prescribed monthly installments.
Maturity Amount showed here is subject to income tax and/or other levies.
Documents needed for availing the service:
One copy passport size photograph of the applicant.
One copy passport size photograph of the nominee (photograph to be attested by the applicant).
Photocopies of National ID/Passport of both applicant and nominee.
TIN Certificate (if applicable).
Eligibility:
Minimum Age: 18 years.
Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.
Installment fixed at opening the account. Once chose the installment/Tenure can’t rectify it further.
Account can be operated by only organization.
Deposited the installment at any branch/sub branch through the month around the country.
Facility for depositing the installment in advance but have to pay penalty for due installment (up to BDT 5000, the penalty is 25 tk and more BDT 5000, penalty is 50tk).
If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
In case of early encashment, Profit calculation will be as below;
- Closed Before One Year – Only principal amount will be paid.
- Closed After one Year but before minimum tenure- Profit at Mudarabah Savings Rate.
- Closed After minimum tenure but before contract of maturity full Profit applied for minimum maturity period.
For Niramoy, Bondhon, Durbar, Ghoroni, Merchant
Years / Monthly Installment
3 Years
5 Years
8 Years
10 Years
12 Years
15 Years
20 Years
500
20,919
38,985
74,703
1,04,745
1,41,307
2,11,414
3,84,435
1000
41,839
77,969
1,49,406
2,09,490
2,82,614
4,22,827
7,68,871
2000
83,678
1,55,939
2,98,812
4,18,980
5,65,228
8,45,654
15,37,742
2500
1,04,597
1,94,923
3,73,515
5,23,725
7,06,535
10,57,068
19,22,177
5000
2,09,194
3,89,847
7,47,030
10,47,451
14,13,069
21,14,136
38,44,355
10000
4,18,388
7,79,694
14,94,061
20,94,901
28,26,139
42,28,271
76.88.709
15000
6.27.581
11,69,541
22,41,091
31,42,352
42,39,208
63,42,407
1,15,33,064
20000
8,36,775
15,59,387
29,88,122
41,89,803
56,52,278
84,56,543
1,53,77,419
25000
10,45,969
19,49,234
37,35,152
52,37,254
70,65,347
1,05,70,678
1,92,21,773
Documents needed for availing the service:Documents needed for Proprietorship
One copy passport size photograph of the signatory.
Photocopies of National ID/Passport of signatory.
Up-to date Trade License, E.RC., I.R.C, TIN & VAT of the Firm (If applicable).
Seal of the Firm & Visiting Card of the signatory(s) (If applicable).
Membership Certificate of Trade Association, Chamber of Commerce and industry (If applicable).
Tenancy Agreement copy (If applicable).
Documents needed for Partnership & Joint Venture:
Registered Partnership/Joint Venture Deed on non-judicial stamp of Tk. 2000/- & List of the Partners with Portfolio.
Registered Partnership/Joint Venture Agreement (Notarized/Registered on Tk. 300/-).
Up-to date Trade License, E.RC., I.R.C, TIN & VAT of the Firm (If applicable).
Resolution regarding operation of Bank account and signing of Bank`s charge document(s) with execution of Mortgage Deeds and other Bank`s papers and documents etc. as per Partnership Deed.
Seal as per Resolution & Visiting & Card of the Signatory(s).
Membership Certificate of Trade Association, Chamber of Commerce and industry (If applicable).
Tenancy Agreement copy in between the Firm and the Landlord (If applicable).
Documents needed for Limited Company:
Certificate of incorporation.
The certified copy of Memorandum and Articles of Association by Registrar of Join Stock Companies & Firms.
Up-to date Trade License, E.RC., I.R.C, TIN & VAT of the Firm (If applicable).
Board of Resolution regarding opening & operation of Bank Account and signing of Bank`s charge documents with execution of Mortgage Deeds and other Bank`s papers and documents etc. as per Memorandum and Articles of Association.
Seal as per Resolution.
Complete Bio-Data with passport size photographs of all the directors of the company duly singed by them.
Certified Copy of Form No. XII & XX duly issued by the Registrar of Joint Stock Company duly singed by them.
Updated E.RC., I.R.C, TIN & VAT of the Firm (If applicable).
Membership Certificate of Chamber of Commerce, Trade Association, Stock Exchanges (If applicable).
Tenancy Agreement copy in between the Firm and the Landlord (If applicable).
List of the Directors with Complete present and permanent address with signature & telephone no`s, on Letter Head Pad of the Company.
Certificate of Commencement of Business in cases of Public Ltd. Company.
Documents needed for School/College/Educational Institution.
List of members of the Managing committee.
Resolution of the Managing Committee regarding opening & operation of Bank Account with First Security Islami Bank PLC.
Documents needed for Club/Association/Society/Religious Institution.
List of members of the Executive/Managing Committee/Office bearers (with address).
Resolution of the Executive/Managing Committee regarding opening & operation of Bank account.
Certified copy of Bye-Laws/Rules and Regulations/Constitutions.
Documents needed for Trustee.
Attested copy of Trust Deed.
Resolution of the Committee regarding opening & operation of Bank account. Head Office approval for opening Trust Account.
For details, please visit your nearest branch of FSIB.
The account holder will receive monthly pension in installments along with principal gains.
Customer must be maintain a Mudarabah Savings Account for pay monthly installment and receive monthly pension.
Installment fixed at opening the account. Once chose the installment/Tenure can’t rectify it further.
Account can be operated by singly.
Deposit the installment at any branch/sub branches through the month around the country.
If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
Tk. 5/- will be pay penalty amount per thousand afield due installment and penalty amount double in due tow installment.
In case of early encashment, Profit calculation will be as below;
- Closed Before One Year – Only principal amount will be paid.
- Closed After one Year but before Two years Profit will be provided at Savings Rate.
- Closed after two years but before maturity account holder will be received provisional profit rate of one year MTDR.
lnstallment
Monthly Payable for the next 3 years upon maturity of 3 years tenure (with TIN)
Monthly Payable for the next 3 years upon maturity of 3 years tenure (without TIN)
Monthly Payable for the next 5 years upon maturity of 5 years tenure (with TIN)
Monthly Payable for the next 5 years upon maturity of 5 years tenure (without TIN)
Monthly Payable for the next 7 years upon maturity of 7 years tenure (with TIN)
Monthly Payable for the next 7 years upon maturity of 7 years tenure (without TIN)
3000
3895
3840
4735
4615
5860
5650
5000
6490
6395
7900
7705
9765
9415
10000
12990
12805
15795
15405
19430
18730
20000
25970
25600
31420
30640
38805
37405
30000
38840
38285
47130
45960
58350
56250
40000
51690
50945
62905
61345
77905
75105
50000
64710
63785
78760
76810
97510
94010
Note:
Maturity value is subject to proper and regular payment of the prescribed monthly installments.
Maturity Amount showed here is subject to income tax and/or other levies.
Documents needed for opening account:
One copy passport size photograph of the applicant.
One copy passport size photograph of the nominee (photograph to be attested by the applicant).
Photocopies of National ID/Passport of both applicant and nominee.
TIN Certificate (if applicable).
Eligibility:
Minimum Age: 18 years.
Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.
Monthly Installment from TK. 500/- to TK.1,00,000/-.
Attractive profit rate for short term tenure.
Installment fixed at opening the account. Once chose the installment/Tenure can’t rectify it further.
Account can be operated by single or jointly.
Deposit the installment at any branch through the month around the country.
Facility for depositing the installment in advance but have to pay penalty for due installment (up to BDT 5000, the penalty is 25 tk and more BDT 5000, penalty is 50tk).
If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
Maturity amount may be transferred to Visa Debit Card (In that case applicant have to maintain saving account with FSIB).
The full amount of maturity amount may be endorsed for passport by following the govt. rules & regulation (Condition apply).
On demand of the customer there will be facilities of discount for purchasing air ticket & hotel reservation (Condition apply).
In case of early encashment; closed before maturity but after completion of any tenure, depositors will be entitled to receive full benefit for the completed tenure at the provisional rate of profit prescribed there against. For remaining period no profit will be paid. In that case the account holder have to pay Closing charge as per bank rules & regulations.
Years / Monthly Installment
1 Year
2 Years
3 Years
4 Years
5 Years
500
6,325
13,279
20,919
29,595
38,985
1000
12,650
26,559
41,839
59,189
77,969
1500
18,975
39,838
62,758
88,784
1,16,954
2000
25,300
53,117
83,678
1,18,379
1,55,939
2500
31,625
66,396
1,04,597
1,47,974
1,94,923
5000
63,250
1,32,793
2,09,194
2,95,947
3,89,847
10000
1,26,500
2,65,585
4,18,388
5,91,895
7,79,694
15000
1,89,750
3,98,378
6,27,581
8,87,842
11,69,541
20000
2,53,000
5,31,170
8,36,775
11,83,789
15,59,387
25000
3,16,250
6,63,963
10,45,969
14,79,737
19,49,234
50,000
6,32,500
13,27,925
20,91,938
29,59,473
38,98,468
100,000
12,65,000
26,55,850
41,83,877
59,18,947
77,96,917
Note:
Maturity amount is subject to regular payment of the prescribed monthly installments.
Maturity amount is subject to the deduction of the income tax and/or other levies.
Documents needed for opening account:
One copy passport size photograph of the applicant.
One copy passport size photograph of the nominee (photograph to be attested by the applicant).
Photocopies of National ID Card/Passport/Driving License of both applicant and nominee.
TIN Certificate (if applicable).
Introducer (if case of new applicant and/or applicable).
Eligibility:
Minimum Age: 18 years.
Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.
Special Deposit Scheme for simplify performing Haj.
Key Features:
Tenures from 1 to 20 years.
Installment fixed by choosing the tenure or vice versa. Once chose the installment/Tenure can’t rectify it further.
Deposit the installment at any branch through the month around the country.
Facility for depositing the installment in advance but have to pay penalty for due installment (up to BDT 5000, the penalty is 25 tk and more BDT 5000, penalty is 50tk).
If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
Installment have to deposit within 20th day of the month.
In case of early encashment, Profit calculation will be as below;
- Closed before one year – no profit will be provided.
- Closed after one year but before maturity- profit at savings rate.
Year(s)
Monthly Installment
Total Payable (approx..) with Profit
20
1,600
12,30,193
19
1,700
11,65,788
18
1,800
10,98,454
17
1,900
10,29,169
16
2,100
10,06,702
15
2,200
9,30,220
14
2,400
8,91,569
13
2,600
8,44,718
12
2,800
7,91,319
11
3,000
7,32,794
10
3,200
6,70,368
9
3,700
6,58,483
8
4,200
6,27,506
7
4,700
5,80,624
6
5,200
5,20,615
5
6,200
4,83,410
4
7,700
4,55,759
3
10,200
4,26,755
2
15,200
4,03,689
1
30,500
3,85,825
Note:
Maturity amount is subject to regular payment of the prescribed monthly installments.
Maturity amount is subject to the deduction of the income tax and/or other levies.
Documents needed for opening account:
One copy passport size photograph of the applicant.
One copy passport size photograph of the nominee (photograph to be attested by the applicant).
Photocopies of National ID Card/Passport/Driving License of both applicant and nominee.
TIN Certificate (if applicable).
Introducer (if case of new account applicant and/or applicable).
Eligibility:
Minimum Age: 18 years.
Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.
Griheni Deposit Scheme is especially for the women to inspire Women empowerment.
Key Features:
Monthly Installment: Any amount from TK. 500/- to TK. 25,000/-.
No fixed installment. The homemakers deposit any amount as her wish.
Amount can be deposited more than once in a single month. The whole amount within the month counted as deposit of that month. But no amount will be less than TK 500/-.
Maturity at 3, 5, 8, 10, 12, 15, 20 Years.
Attractive Profit Rate.
Deposit the installment at any branch through the month around the country.
Facility for depositing the installment in advance but have to pay penalty for due installment (up to BDT 5000, the penalty is 25 tk and more BDT 5000, penalty is 50tk).
If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
In case of early encashment, Profit calculation will be as below;
- Closed before one year – no profit will be provided.
- Closed after one year but before maturity- profit at savings rate.
Years / Monthly Installment
3 Years
5 Years
8 Years
10 Years
12 Years
15 Years
20 Years
500
20,919
38,985
74,703
1,04,745
1,41,307
2,11,414
3,84,435
1000
41,839
77,969
1,49,406
2,09,490
2,82,614
4,22,827
7,68,871
2000
83,678
1,55,939
2,98,812
4,18,980
5,65,228
8,45,654
15,37,742
2500
1,04,597
1,94,923
3,73,515
5,23,725
7,06,535
10,57,068
19,22,177
5000
2,09,194
3,89,847
7,47,030
10,47,451
14,13,069
21,14,136
38,44,355
10000
4,18,388
7,79,694
14,94,061
20,94,901
28,26,139
42,28,271
76.88.709
15000
6.27.581
11,69,541
22,41,091
31,42,352
42,39,208
63,42,407
1,15,33,064
20000
8,36,775
15,59,387
29,88,122
41,89,803
56,52,278
84,56,543
1,53,77,419
25000
10,45,969
19,49,234
37,35,152
52,37,254
70,65,347
1,05,70,678
1,92,21,773
Documents needed for opening account:
One copy passport size photograph of the applicant.
One copy passport size photograph of the nominee (photograph to be attested by the applicant).
Photocopies of National ID Card/Passport/Driving License of both applicant and nominee.
TIN Certificate (if applicable).
Eligibility:
Minimum Age: 18 years.
Only female can apply.
Citizen of Bangladesh.
Documents needed for availing the service:
For details, please visit your nearest branch of FSIB.
Shortage of money for marriage? FSIB Bondhon helps you solve the problems.
Key Features:
Monthly Installment:500/- to 30,000/-
Tenure: 3, 5, 8, 10, 12, 15, 20 Years.
Attractive profit rate.
Deposit the installment at any branch through the month around the country.
Installment fixed at opening the account. Once chose the installment/Tenure can’t rectify it further.
Facility for depositing the installment in advance but have to pay penalty for due installment (up to BDT 5000, the penalty is 25 tk and more BDT 5000, penalty is 50tk).
If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
Investment facility against the deposited amount.
In case of early encashment, Profit calculation will be as below;
- Closed before one year – no profit will be provided.
- Closed after one year but before maturity- profit at savings rate.
Years / Monthly Installment
3 Years
5 Years
8 Years
10 Years
12 Years
15 Years
20 Years
500
20,919
38,985
74,703
1,04,745
1,41,307
2,11,414
3,84,435
1000
41,839
77,969
1,49,406
2,09,490
2,82,614
4,22,827
7,68,871
2000
83,678
1,55,939
2,98,812
4,18,980
5,65,228
8,45,654
15,37,742
2500
1,04,597
1,94,923
3,73,515
5,23,725
7,06,535
10,57,068
19,22,177
5000
2,09,194
3,89,847
7,47,030
10,47,451
14,13,069
21,14,136
38,44,355
10000
4,18,388
7,79,694
14,94,061
20,94,901
28,26,139
42,28,271
76.88.709
15000
6.27.581
11,69,541
22,41,091
31,42,352
42,39,208
63,42,407
1,15,33,064
20000
8,36,775
15,59,387
29,88,122
41,89,803
56,52,278
84,56,543
1,53,77,419
25000
10,45,969
19,49,234
37,35,152
52,37,254
70,65,347
1,05,70,678
1,92,21,773
Documents needed for opening account:
One copy passport size photograph of the applicant.
One copy passport size photograph of the nominee (photograph to be attested by the applicant).
Photocopies of National ID Card/Passport/Driving License of both applicant and nominee.
TIN Certificate (if applicable).
Eligibility:
Minimum Age: 18 years.
Citizen of Bangladesh.
Documents needed for availing the service:
For details, please visit your nearest branch of FSIB.
Mudarabah Monthly Deposit Scheme “Durbar” gives you more installment option than others.
Key Features:
Monthly Installment from TK. 500/- to TK.25,000/-
Tenure: 3, 5 & 10 Years.
Freedom of choosing any tenure & any installment.
Installment fixed by choosing the tenure or the installment. Once chose the installment/Tenure can’t rectify it further.
Installment deposited facility by others savings account standing instruction in free of cost.
Deposit the installment at any branch/sub branch through the month around the country.
Facility for depositing the installment in advance but have to pay penalty for due installment (up to BDT 5000, the penalty is 25 tk and more BDT 5000, penalty is 50tk).
If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
Installment deposited facility for any working day in month.
Investment facility against the deposited amount.
In case of early encashment, Profit calculation will be as below;
For Niramoy, Bondhon, Durbar, Ghoroni, Merchant
- Closed Before One Year – Only principal amount will be paid.
- Closed After one Year but before minimum tenure - Profit applied at Mudarabah Savings Rate.
- Closed After minimum tenure but before contract of maturity full Profit applied for minimum maturity period.
Note:
Maturity value is subject to proper and regular payment of the prescribed monthly installments.
Maturity Amount showed here is subject to income tax and/or other levies.
Eligibility:
Documents needed for availing the service:
Minimum Age: 18 years.
Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.
Be a Millionaire by starting as installment of only BDT 2,125 in convenient tenure.
Key Features:
Tenures from 3 to 20 years.
Installment fixed by choosing the tenure or vice versa. Once chose the installment/Tenure can’t rectify it further.
Deposit the installment at any branch through the month around the country.
Facility for depositing the installment in advance but have to pay penalty for due installment (up to BDT 5000, the penalty is 25 tk and more BDT 5000, penalty is 50tk).
If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
Investment facility against the deposited amount.
In case of early encashment, Profit calculation will be as below;
- Closed before one year – no profit will be provided.
- Closed after one year but before maturity- profit at savings rate.
For Niramoy, Bondhon, Durbar, Ghoroni, Merchant
Year(s)
Monthly Installment
Principal Amount
Total Payable (Approx.) with Profit
3
23,910
8,60,760
10,00,365
5
12,830
7,69,800
10,00,347
8
6.700
6,43,200
10,01,021
10
4.780
5,73,600
10,01,369
12
3.540
5,09,760
10,00,453
15
2.370
4,26,600
10,02,100
18
1,640
3,54,240
10,00,813
20
1.305
3,13,200
10,03,377
Note:
Maturity amount is subject to regular payment of the prescribed monthly installments.
Maturity amount is subject to the deduction of the income tax and/or other levies.
Documents needed for opening account:
One copy passport size photograph of the applicant.
One copy passport size photograph of the nominee (photograph to be attested by the applicant).
Photocopies of National ID Card/Passport/Driving License of both applicant and nominee.
TIN Certificate (if applicable).
Eligibility:
Minimum Age is 18 years.
Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.
FSIB Health Care Deposit Scheme helps you meet the medical crises at the right moment.
Key Features:
Monthly Installment: 500/- to 30,000/-
Tenure: 3, 5, 8, 10, 12, 15, 20 Years.
Attractive profit rate.
Deposit the installment at any branch through the month around the country.
Installment fixed at opening the account. Once chose the installment/Tenure can’t rectify it further.
Facility for depositing the installment in advance but have to pay penalty for due installment (up to BDT 5000, the penalty is 25 tk and more BDT 5000, penalty is 50tk).
If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
Investment facility against the deposited amount.
In case of early encashment, Profit calculation will be as below;
- Closed before one year – no profit will be provided.
- Closed after one year but before maturity- profit at savings rate.
For Niramoy, Bondhon, Durbar, Ghoroni, Merchant
Years / Monthly Installment
3 Years
5 Years
8 Years
10 Years
12 Years
15 Years
20 Years
500
20,919
38,985
74,703
1,04,745
1,41,307
2,11,414
3,84,435
1000
41,839
77,969
1,49,406
2,09,490
2,82,614
4,22,827
7,68,871
2000
83,678
1,55,939
2,98,812
4,18,980
5,65,228
8,45,654
15,37,742
2500
1,04,597
1,94,923
3,73,515
5,23,725
7,06,535
10,57,068
19,22,177
5000
2,09,194
3,89,847
7,47,030
10,47,451
14,13,069
21,14,136
38,44,355
10000
4,18,388
7,79,694
14,94,061
20,94,901
28,26,139
42,28,271
76.88.709
15000
6.27.581
11,69,541
22,41,091
31,42,352
42,39,208
63,42,407
1,15,33,064
20000
8,36,775
15,59,387
29,88,122
41,89,803
56,52,278
84,56,543
1,53,77,419
25000
10,45,969
19,49,234
37,35,152
52,37,254
70,65,347
1,05,70,678
1,92,21,773
Documents needed for opening account:
One copy passport size photograph of the applicant.
One copy passport size photograph of the nominee (photograph to be attested by the applicant).
Photocopies of National ID Card/Passport/Driving License of both applicant and nominee.
TIN Certificate (if applicable).
Eligibility:
Minimum Age: 18 years.
Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.
Special Deposit Scheme for the parents of Students.
Monthly Installment: 100/- to 30,000/-
Tenure: 3, 5, 8, 10, 12, 15, 20 Years.
Attractive profit rate.
Deposit the installment at any branch through the month around the country.
Installment fixed at opening the account. Once chose the installment/Tenure can’t rectify it further.
Facility for depositing the installment in advance but have to pay penalty for due installment (up to BDT 5000, the penalty is 25 tk and more BDT 5000, penalty is 50tk).
If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
Investment facility against the deposited amount.
In case of early encashment, Profit calculation will be as below;
– Closed before one year – no profit will be provided.
– Closed after one year but before maturity- profit at savings rate.
For Alo, Bondhon, Niramoy, Aboshor, Shadesh, Ghoroni,MMDS, Uddipon
FSIB Mudarabah Salary Saving Account (Prapti) is for those whose monthly salary is BDT 5000 or above. It’s an account styled to provide you the best profit rate at a low balance requirement—making it the classic choice for you.
Key Features:
Individual account for office employees to help disbursement of monthly salary.
The organization needs to have a minimum of 10 employees and a payout of TK 100,000/- (One Lac Taka) only per month and an average salary per employee of TK 10,000/- per month.
Minimum Age: 18 years.
Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.
A Specialized account that gives you more transactions limit than regular.
Key Features:
Any adult having sound mind can open this account in his/her name singly or jointly with others.
Any proprietorship/partnership firm, limited company (private/public), educational institution, club, association, socio-economic organization can also open this account.
Account opening balance is TK. 5,000 only, which is treated as minimum balance of the account.
Mudarabah “FSIB Smart Account” for those who are interested to get unlimited transaction facility and high profit rate like as Mudarabah Term Deposit Account in one account. It’s a unique savings account and provide the best profit rate at slab wise.
Key Features:
Individual account for all valued client.
Profit calculated on daily basis and pay to account in month end.
Free ATM Card for 1st year.
Special facility withdrawal in others Bank ATM Booth.
Desiring for unlimited transaction facility for conducting day to day higher business transaction? We offer the best for you.
Key Features:
Any adult having sound mind can open this account in his/her name singly or jointly with others.
Any proprietorship/partnership firm, limited company (private/public), educational institution, club, association, socio-economic organization can also open this account.
Initial account opening balance is TK. 1,000 only, which is treated as minimum balance of the account.
It’s a unique account which allows you for having unlimited transaction facility with a wide list of specialized advantages. It certainly adds more for you.
Key Features:
Freedom of unlimited transactions.
Minimum account opening balance requirement is BDT 15,000/-
Bangladeshi nationals working / residing abroad (including dual nationality).
Foreign nationals residing abroad or in Bangladesh.
Foreign firms registered abroad and operating in Bangladesh or abroad.
Foreign missions and their expatriate employees.
Bangladesh nationals working and earning abroad including self-employed Bangladeshi migrants proceeding abroad on employment.
Diplomatic Warehouse (Duty free shops) licensed by the Custom Authority.
Local and Joint Venture contracting firms employed to execute projects by foreign /International donor agencies as per terms of the contract.
Resident Bangladeshi nationals working with the foreign /international organizations operating in Bangladesh with entitlement to receive salary in FCY.
General Features of Private Foreign Currency (PFC) Account:
Eligible currencies: USD, GBP, Euro, JPY.
Account can be opened without initial deposits.
Account holder may maintain himself or nominated person.
Foreign exchange earned through business done or services rendered in Bangladesh cannot be put into these accounts.
No payment in foreign exchange may be made to or on behalf of any resident in Bangladesh out of the foreign currency accounts opened as per the above arrangement except Foreign Diplomats and Privileged persons or any other person or firm who have specific authority from Bangladesh Bank to accept such payments. Bills of the local contractors of the foreign missions in Bangladesh may also be settled in foreign currency from the balances of the foreign currency accounts of such missions. In such cases the beneficiary of the bill will have to encash the foreign currency with any AD within one month from the date of receipt.
Any payment received in foreign exchange by the ADs on behalf of residents of Bangladesh must not be retained in foreign exchange but must be converted into Taka unless the AD is satisfied that the payee has the general/special permission of the Bangladesh Bank to retain the foreign exchange.
Payments in foreign currency by foreign nationals residing in Bangladesh to or on behalf of residents of Bangladesh whether Bangladeshis or foreign nationals are prohibited except to a firm like a gift shop or an establishment like a hotel holding a valid authorised money changer's licence. Foreign nationals should not, therefore, directly or indirectly, make foreign currency available to the residents or to other persons on their behalf against payment in Taka. Such payments are prohibited even from their foreign currency accounts which they are permitted to maintain and operate from Bangladesh.
No cheque book provided.
Term Deposits for the period of one/three/six/twelve months.
Profit on one month or longer period.
International debit/pre-paid card may be issued against the balances held in private foreign currency accounts.
Account may be opened after departure for abroad by sending necessary papers/documents or after return from abroad.
Utilization
Payments may be made freely abroad.
Local disbursement may also be made freely in taka.
Bills of the local contractors of the foreign missions in Bangladesh may also be settled in foreign currency from the balances of the foreign currency accounts of such missions. In such cases the beneficiary of the bill will have to encash the foreign currency with any AD within one month from the date of receipt.
A gift shop or an establishment like a hotel holding a valid authorised money changer's license.
Credit
Inward remittance of foreign exchange in any form.
Transfer from another FC account or non-resident Taka accounts of banks abroad.
Proceeds of convertible foreign exchange viz. currency notes and drafts etc. brought into Bangladesh by the account holders while on visit to Bangladesh may be deposited to such accounts.
Foreign diplomats and privileged persons or any other person or firm who have specific authority from Bangladesh Bank to accept such payments.
Resident Foreign Currency Deposit (RFCD) Account
Who can open this account?
Customer resident in Bangladesh may open RFCD account with foreign exchange brought in at the time of their returns from travel abroad.
Key Features:
Eligible currencies are USD, GBP, Euro, JPY.
Proceeds of export of goods or services from Bangladesh or commission arising from business deals in Bangladesh shall not be credited to such accounts.
These accounts may be maintained as long as the account holders’ desire.
FMJ Form for amount in excess of the threshold set by Bangladesh Bank in which case the FCY must be deposited within 30 days of arrival.
A written declaration of the Account Holder stating:
The date of return from abroad.
The amount of FCY brought in
The FCY is not a receipt against export of goods or services from Bangladesh.
The FCY is not a commission due from abroad arising from business deal in Bangladesh.
The ADs will credit the foreign exchange presented by the depositor to the RFCD account only after examining the passport of the depositor and the FMJ form [if the amount exceeds USD 10000 (Ten thousand) or its equivalent] and after being satisfied about the correctness of the declaration.
Utilization
ADs may issue International credit/debit/pre-paid card against the balances held in RFCD accounts favoring the account holders.
Balances in these accounts shall be freely transferable abroad.
Fund from these accounts may also be issued to account-holders for the purpose of their foreign travels in the usual manner [i.e. with endorsement in passport and ticket, upto USD 5000 (five thousand) in the form of cash currency notes and the remainder in the form of TC & or other currencies].
Credit
Any amount brought in with declaration to Customs Authorities in form FMJ and upto USD 10000 (Ten thousand) brought in without any declaration, can be credited to such accounts.
Reporting:
The head offices/principal offices of the banks shall prepare currency-wise consolidated monthly statements of transactions in the RFCD accounts in all their AD branches (as per Appendix 5/87) and send the same to FEOD, Head office or other offices of Bangladesh Bank, by the 15th day of the following month.
Required Documents:
Duly filled and signed account opening form (to be signed by the applicant in front of bank’s official).
Two copies of recent passport size Photograph of the account holder.
One copy of recent passport size photograph of the nominee/guardian (in case of nominee being a minor) attested by the account-holder(s).
Copy of passport including relevant pages evidencing departure and arrival.
Persons of Bangladesh origin including those having dual nationality and ordinarily residing abroad.
Bangladesh nationals serving with Embassies / High Commissions of Bangladesh in foreign countries & also the Officers/staff of the government/semi-government departments/ nationalized banks and Employees of body corporate posted abroad or deputed with international and regional agencies like IMF, World Bank, IDB, ADB etc. during their assignments abroad may open such accounts.
Foreign nationals and companies/firms registered and/or incorporated abroad, banks, other financial institutions including institutional investors and 100% foreign owned (A-Type) industrial units in the EPZs/EZs in Bangladesh.
General Features:
The accounts are in the nature of Interest bearing term deposits maturing after one month, three months, six months and one year with option for auto renew.
Eligible currencies: USD, GBP, Euro, JPY.
In case of eligible Bangladeshi nationals, Initial time deposit should be USD 1,000.00 or GBP 500.00 or equivalent.
In case of foreign nationals or companies minimum time deposit should be USD 25,000.00 or equivalent in USD, GBP, Euro, JPY.
These accounts may be maintained as long as the account holders’ desire and to open such account at any time after return to Bangladesh.
NRBs may open after their return to Bangladesh with Retirement benefits, periodical pensions, superannuation benefits etc. as per employment agreement with employers while on service abroad.
Crew members of Bangladeshi Shipping Companies are not entitled to open such accounts, but shore staff posted abroad may open such accounts.
The ADs may also invest abroad the amounts deposited with them and pay interest to the depositors out of earnings from such investments.
Credit
Accounts may also be opened with funds transferred from existing foreign currency accounts maintained by the wage earners with the ADs in Bangladesh.
Accounts may be opened against remittances in other convertible currencies after conversion of those USD, GBP, Euro, JPY.
Utilization
The balances held in the accounts may be used for settlement of legitimate payment abroad, subject to production of documentary evidence and deduction of applicable taxes.
The account holder can freely repatriate the balance and the interest accrued thereon in foreign exchange to the country of his residence or anywhere he chooses and may at his option, convert the balance into local Taka at the prevailing exchange rate.
The ADs may utilize 50(fifty) percent of the balances of NFCD accounts for (i) discounting of usance export bills of Type A and Type B units of EPZs/EZs and (ii) payment of back to back LC opened on sight basis. Amounts so utilized should immediately be replenished on realization of respective export proceeds.
Reporting
Separate monthly statements summarizing currency wise transactions in the NFCD accounts of all AD branches of a bank should be submitted from the head offices/principal offices of the banks as per pro-forma at Appendix 5/86, by the 15th of the following month that which it relates to the FEOD, Head Office or other offices of Bangladesh Bank.
Required documents:
Duly filled Account Opening Form (AOF)
Two copies of recent passport size Photograph of the Account Holder
One copy of recent passport size photograph of the nominee/guardian (in case of nominee being a minor) attested by the account-holder(s)
Specimen signatures on the specimen signature card.
Work permit [issued by BIDA /BEPZA (in case of EPZ)/ NGO Affairs Bureau (in case NGO)/ BEZA (in case of Economic Zone) /HTP (in case of Hi-Tech Parks authority)] for the foreign nationals & Companies.
Salary Certificate/appointment letter /approval for self-employment from the competent Authority for the Bangladeshi nationals (if any).
Copy of Passport with visa details.
NFCD
Export Retention Quota (ERQ) Account:
Who can open this account?
Merchandise exporters/Direct Exporters.
In the names of deemed exporters for supplying inputs against inland back to back letter of credit denominated in foreign currency.
Exporters of computer software, data entry/processing and other ICT services.
Service Exporters against service rendered in non-physical form.
Take Note:
Foreign exchange earnings on account of indenting commission or agency commission for export from Bangladesh cannot be credited to such accounts since these incomes originate from Bangladesh sources.
General Features:
Eligible currencies are USD, GBP, Euro, JPY.
Foreign exchange from the ERQ account cannot be used for investment abroad by the exporter.
Not Checking Account.
Retain of Exporter Retention Quota:
Merchandise exporters having low import content (high domestic value-added) shall retain 60 (sixty) percent of repatriated FOB value of their exports.
Merchandise exporters having high import content (Low domestic value-added) shall retain 15(fifty) percent of repatriated FOB value of their exports. (Example: readymade garments made of imported fabrics, naphtha, furnace oil and bitumen, electronic goods etc.)
Retention quota account may also be opened and maintained in the names of deemed exporters for supplying inputs against inland back to back letter of credit denominated in foreign currency. Since foreign exchange earned from direct export is to be shared among direct and deemed exporters, ADs are obliged for the meticulous compliance of the followings:
(i) the total amount credited to the direct exporter's retention quota account together with foreign exchange paid to the deemed exporter against supply of input must not exceed the net repatriated FOB export value of the direct exporter; and (ii) the foreign exchange shall be credited to the retention quota account of the deemed exporter only after settlement of the amount against back-to-back LC for deemed export.
Exporters of software, data entry/processing and other ICT related services may retain 70 (seventy) percent of net export earnings repatriated in foreign exchange in ERQ accounts.
Service exporters other than those mentioned above may retain 60 (sixty) percent of their repatriated export receipts in ERQ accounts against service rendered in non-physical form.
Note: Foreign Exchange Policy Department, Bangladesh Bank has issued FE Circular No. 14 Date: July 14, 2022 & has also been decided to revise retention limit out of realized export proceeds from 15 percent, 60 percent and 70 percent to 7.50 percent, 30 percent and 35 percent respectively. Also Foreign Exchange Policy Department, Bangladesh Bank has issued FE Circular No. 15 Date: September 24, 2023 & has been decided to reinstate the retention limit out of realized export proceeds of ERQ to 7.5 percent, 30 percent, and 35 percent from 15 percent, 60 percent and 70 percent respectively.
Purpose of Utilization without prior approval of Bangladesh Bank.:
Establishment and Maintenance of offices abroad.
Import of raw materials.
Import of machinery and spares etc.
Import payment of subsidiary & sister concerns.
Repayment of authorized foreign loan.
Debit for interest bearing Term Deposit.
All Bonafide business purposes, such as business visits abroad, participation in export fairs and seminars.
ADs on request by the IT/Software exporting firms can remit international alliance/software registration fee, domain registration/hosting fee, server maintenance fee, account verification/remittance test fee, etc. from the ERQ account of the applicant.
Transfer of unencumbered foreign currency between the ERQ accounts of same exporter maintained out of export receipts with different ADs is permissible for bonafide transactions as mentioned in above. Fund from
ERQ accounts of the exporters held at other ADs may be used for (1) settlement of import liability of the exporters and for (2) settlement of import liability & repayment of authorised foreign loan of exporters' subsidiaries/sister concerns.
ADs may effect advance payment not exceeding USD 25,000 or its equivalent from the Exporters' Retention Quota Account against bonafide business purposes provided the relevant contract/proforma invoice stipulates for such payment. Before effecting the advance payment, the ADs must obtain Form of Undertaking duly signed by the importer.
International credit/debit/pre-paid card against balances held in ERQ accounts:
International credit/debit/pre-paid cards may be issued against the balances held in the ERQ foreign currency account as per entitlement mentioned in Para 27, Chapter 13 of this Guidelines. International cards may be issued in favor of up to three (3) top level executives of an exporting firm/organisation holding ERQ accounts. An exporting firm/organization may avail of the card facility from one card issuing bank only. It will be upto the card issuing bank to accept or decline a request from an ERQ account holding exporting firm/organisation for issuance of international cards. Cards issued against ERQ accounts may be used only for meeting the bonafide business purposes of the exporting firm/organization as mentioned in above.
Documents Required:
Duly filled & signed in account opening form to be signed by the assigned signatories (to be signed by the assigned signatories in front of Bank’s Official).
PIF & 2 recent color Passport size Lab Print photograph of all shareholder, owner of 20% or more share of the organization and signatories (Other than director) duly attested by the Chairman/Company Secretary/Managing Director [signature to be verified].
Passport / National ID Card / Birth registration Certificate of all the directors/Signatories (original to be presented for verification) duly attested by the Chairman/Managing Director/Company Secretary.
Copy of Valid Trade License & ERC.
E-TIN certificate in the name of organization.
Copy of Certificate of Incorporation certified by RJSC (for Limited Company only)
Copy of Memorandum and Articles of Association of the company certified by RJSC.
Copy of Certificate of Commencement of business (if Public Limited Company) certified by RJSC.
List of the Directors [Form XII] certified by RJSC.
Copy of Schedule X & change of directors/share certificate (if applicable) certified by RJSC.
Extract of the Board Resolution/general meeting [as defined in MOA & AOA], of the company for opening the account and authorizes for its operations duly certified by the Chairman/Managing Director/Board Secretary of the company clearly mention the operating instruction.
Partnership deed and registration certificate from registrar of firms ( for Partnership businesses only)
BASIS Certificate (if applicable).
Non-Resident Investor`s Taka Account (NITA)
Bangladesh Bank has a guideline to open Non-Resident Investor’s Taka Account (NITA) which is designed for non-resident individuals/institutions including non-resident Bangladeshi nationals. Under this guideline, FSIB has plan to provide NITA account facility to boost up the Bangladesh Capital Market as well as economy by bringing foreign remittance from abroad through normal banking channel or by transfer of funds from the non-resident investor's foreign currency account, if any, in Bangladesh.
Objectives:
To invest in the Bangladeshi Stock Market as well as IPOs (Initial Public Offerings) from anywhere around the world.
To trade in Bangladesh Stock Market from anywhere around the globe.
To hold the investors’ funds and shares/stocks in safe custody.
To facilitate buy and sell of securities/stocks/shares through brokerage houses.
To Facilitate easy repatriation of the investors’ funds i.e. capital or principal investment, dividend and capital gains to the clients’ overseas bank accounts based on their instructions.
Who can open this account?
All Bangladeshi nationals i.e. Bangladeshi passport holders who are residing/working abroad
Foreign passport holders with Bangladeshi origin
Foreign individuals
Foreign institutions
Main Features:
Non-resident portfolio investors can only open a Non-resident Investors Taka Account (NITA) with any authorized dealer (AD) branches of FSIB in Bangladesh. Securities can be purchased only through a member/registered broker of the stock exchange. However, public issues not yet listed in a stock exchange can be bought directly from the issuing company. For the purpose of trading securities, investors need to open a security account/trading account with through a member/registered broker of the stock exchange. Funds from NITA can be used to purchase shares and securities listed in a stock exchange. Balance of the account is also freely transferable to the Foreign Currency Account of the same person as well as remittable abroad in equivalent foreign exchange. Non-Interest bearing account. NITA can be operated by the account-holder himself or by a nominee, including the AD itself.
Credit:
Freely convertible foreign currency remitted from abroad through normal banking channel or
By transfer of funds from the non-resident investor's foreign currency account, if any, in Bangladesh;
Dividends/interest earnings on the shares/securities bought through the NITA, net of taxes payable on such earnings of the non-resident holder, received from the issuing company/institution may be credited to the NITA.
Sale proceeds of the shares/securities purchased through the NITA (net of taxes payable, if any, on the capital gain) may also be credited to the NITA.
Debit:
Balances in the NITA may freely be used to buy Bangladeshi shares/securities.
These balances are also freely transferable to the Foreign Currency Account (opened as per instructions at Chapter 13, Para 1 & 2) of the same person with the respective AD as well as remittable abroad in equivalent foreign exchange.
Document Required:
For Individual Account
2 Copies Passport Size Photograph of Applicant
Valid Passport Photocopy
1 Copies of Passport Size Photograph of Nominee (Attested by Applicant at the back of the photo)
Passport Photocopy of the Nominee
Complete NITA Opening Form
For Non Individual Account
1 Copies Passport Size Photograph of each Director
2 Copies Passport Size Photograph of Signatories
Valid Passport Photocopy of Directors
Valid Passport Photocopy of Authorized Signatories
Information Related to Individual Form of Signatories
Complete NITA Opening Form
Copy of Minutes of Board Resolution Concerning opening operation of NITA duly certified by Chairman/Company Secretary
Copy of Certificate of Incorporation attested by Bangladesh High Commission
Copy of Memorandum Article of Association attested by Bangladesh High Commission
Certified copy of up-to-date list of directors from relevant registration authority in country of origin attested by Bangladesh High Commission.
* Convertible Taka Account for Foreign Nationals/Organizations.
* Non–Convertible Taka A/C Foreign Nationals/Organizations
* Temporary Non-resident Taka Account (TNRTA):
* Foreign National's Taka Account
* Account for Branch officers, Liaison offices & Representative Officers of a Foreign Company
