Eligibility features:

1. This account can be opened in the name of individual or organization. In case of individual, any Bangladeshi Citizen, resident or non-resident, aged 18 years or above can open the account either singly or jointly.
2. Minor Citizen of Bangladesh can open this account. In this case his/her legal guardian will operate the account.
3. One customer can open more than one account with same branch or any other branches of NBL.

​Encashment features:

1. If the account is closed before 30 days from the date of opening, no interest will be paid.
2. If the account is closed after 30 days but before maturity, Interest will be paid at Savings Bank Deposit rate prevailing in our Bank at the time of encashment or at the time of issuance, whichever is lower, for the holding period.
3. In case of renewal, if the renewal cycle is not completed after expiry, interest will be paid at Savings Bank Deposit rate prevailing in our Bank at the time of encashment or at the time of last renewal, whichever is lower, for the period from the date of last expiry till the account is closed.
4. Month/year to be counted by date to date from the date of issuance.

 Declaration of Nominee:

• Account holder may nominate one or more persons against the account as “Nominee”. Account holder may change the Nominee with submission of required documents.
• Account holder may fix the percentage of share to each Nominee in case the number of Nominee is more than one person.
• A Minor can also be made as Nominee; in that case the minor’s legal guardian will receive on his/her behalf.
• Photograph of the Nominee duly attested by the Account holder to be enclosed along with the AOF at the time of opening account.
• The nomination will be cancelled if the Nominee expires in the lifetime of the Account holder.  A new nominee may be nominated by the Account holder in such case.
• In the event of Account holder’s death, his/her nominee(s) will not be allowed to continue the Account.
• If the Account holder expires at any time during the period, the amount will be paid to the nominated person(s) of the Account holder. If the Account holder does not nominate any person(s), the deposited money shall be paid to the Successor on production of Succession Certificate in consultation with Branches Operations Division, Head Office.