NBL Aamar Account

NAME OF THE PRODUCT:

“NBL Aamar Account”/ “এনবিএল আমার একাউন্ট”

a. Benefit Features:

1. Interest bearing frequent transactional account for all individual customers.
2. Interest will be calculated on daily product basis and to be credited to the account monthly.

Slab wise interest rates will be as follows with effect from 17 January 2024 on all existing and new accounts:

b. Eligibility Features:

1. Any Bangladeshi citizen, resident or non-resident, aged 18 years or above can open the account either individually or jointly.
2. Minor citizen of Bangladesh can also open this account by his/her own name. In that case his/her legal guardian will operate the account.
3. The account cannot be opened in the name of Proprietary Concern, Partnership Firm, Limited Company, Club, Society or any other Organization.
4. The account may be opened on any working day of a month.

c. Operation of Account:

1. The account shall be operated like a special Current Deposit Account.
2. The initial deposit requirement for opening the account will be Tk.1,000/- only.
3. Minimum balance of Tk.500/- to be maintained in the Account.
4. Cheque Book and Debit Card will be issued against the Account.
5. Internet Banking and SMS service will be available for this Account.
6. No interest will be given for any month if interest amount comes below Tk.100/-
7. Half yearly Account Maintenance Fee shall be realizable from this Account.

d. Declaration of Nominee:

1. If the Account holder dies at any time during the period, the balance of the Account will be paid to the nominated person(s) of the Account holder.  If the Account holder does not nominate any person(s), then the deposited money shall be paid to the Successor(s) on production of Succession Certificate.
2. An Account holder may fix the share payment to each Nominee by fixing the share of amount receivable by such nominee(s) in case the number of Nominee is more than one person.
3. The nomination will be cancelled if the Nominee dies in the lifetime of the Account holder.  A new nominee may be nominated by the Account holder in such case.
4. In the event of Account holder’s death, his/her nominee(s) will not be allowed to continue the Account.
5. A Minor can also be made as Nominee. In that case the minor’s legal guardian will receive on his/her behalf.
6. Photograph(s) of the Nominee(s) duly attested by the applicant to be enclosed along with the Account Opening Form at the time of opening the Account.

e. Others Conditions:

1. Changes of address must be informed immediately to the Account Opening Branch of NBL.
2. Excise duty, VAT & Income Tax to be realized from the account as per approved rate as circulated by the government from time to time.

It is to be mentioned here that this type of account will be treated as a special Current Deposit Account. Account Opening Form for Individual Account will be used to open the said account.