Dhaka, Bangladesh (BBN) –HSBC is focusing its ‘Select’ deposit product at the Banking Fair Bangladesh-2015 aiming to attract clients.
“We’re now operating the product in the form of the current and savings scheme and any client will have to open the ‘Select’ to start business through the HSBC,” Afrin Aktur Rumi, personal banker of the bank, told BBN at fair in the capital Dhaka on Wednesday.
Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday aiming to build a banking nation through boosting the ongoing financial inclusion campaign in Bangladesh.
Under the ‘Select’ product, the clients will receive 2.50 per cent rate of interest against their deposit with the savings account.
The foreign commercial bank is also highlighting another deposit product namely ‘Smart Savers Plan’.
Under the product, a client will get BDT 41,000 after three year if he or she pay installment BDT 1,000 per month meaning that the bank will give 2.50 per cent interest on the deposited amount.
The HSBC offers 4.0 per cent rate of interest against its fixed deposit scheme of BDT 2.5 million. The tenure of the FDR is four-year.
The bank, however, offers 3.0 per cent rate of interest against the FDR of below BDT 2.5 million.