Mudarabah Special Notice Deposit (MSND)

Features and Benefits
  • Based on Mudarabah Principle of Islamic Shari'ah.
  • MICR Cheque facility and automated clearing facility.
  • Online Transaction facilities through largest online network across the country.
  • Internet Banking facility.
  • Charge free Statement of A/C provided twice in a year.
  • Standing Instruction Arrangement is available.
  • Minimum initial deposit is Tk 2,000/-.
  • A/C can be opened in joint names.
  • 7 days' notice required for withdrawal; otherwise profit is given on minimum balance..
  • Transaction notification through SMS.
  • Eligibility
  • Individual, Corporate Body, Trust, Club, Association, Society and Non-trading Concerns may open and operate an A/C.
  • Income Distribution Method
  • Income is distributed between the Bank (Mudarib) and the Depositor (Saahibul Maal) as per Weightage Average Method.
  • Requirements
  • Photocopy of NID/Passport/Driving License.
  • Two copies of recent passport size photograph duly attested by the introducer.
  • One copy of recent passport size photograph of the nominee duly attested by the A/C holder.
  • Specific papers/documents as required.
  • Fees/ Service Charges
  • Nominal Fee/ Service Charge as per Schedule of Charges.