Banking Services - Bangladesh Business News

DBBL highlights POS facilities for rural people

BBN Desk — Sat, 28 Nov 2015 05:20:47 +0000

Dhaka, Bangladesh (BBN) - Dutch-Bangla Bank Limited (DBBL) is highlighting its POS (Point of Sale) terminal facilities for the rural people at the Banking Fair Bangladesh-2015.
The private commercial bank has recently introduced a new product namely ‘Biometric Savings Account’ for the rural people and the client will be able to withdraw their deposit by using the POS terminals, Abdur Rahman a city in charge for the mobile banking of the DBBL, told BBN at fair premise in 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.
“Our clients are now enjoying cash withdraw facility from Automated Teller Machines (ATMs) by using their debit card,” Mr. Rahman explained.
Under the new products, the rural clients of the DBBL will not require to use the ATM booth and debit card to withdraw the deposit.
The clients will give their thumb print with the bi-metric device to identify them (clients), he added.
The DBBL is operating the bio-metric device as many of rural people will usually not enjoy technology-based ATM booth.
The PCB has already set up 103 agent banking outlets to operate the product in which the clients will enjoy cash withdrawal facility.
“We’ve planned to set up more outlets of the agent banking to popular new services across the country,” the private banker noted.
He also said the client will get 4.0 per cent interest against their deposited amount under the product.

BBN/SSR/RZ

BCBL focuses on e-payment service at fair

BBN Desk — Sat, 28 Nov 2015 05:13:53 +0000

Dhaka, Bangladesh (BBN) – Bangladesh Commerce Bank Ltd is focusing its e-payment gateway service at the Banking Fair Bangladesh-2015 as it has recently signed agreement with “Payza”, an international e-payment service company.

The recently introduced e-payment gateway service will play a vital role in popularising the country’s ecommerce, Khondokar Moinuddin Ahmed, an employee of the BCBL, told the BBN during the ongoing fair.

Under the service, the non-resident Bangladeshis will be able to send their hard-earned money to their relatives from 190 countries.

Twenty-one currencies of different countries will be sent to Bangladesh by using the gateway.

The clients will also be able to settle transaction for online shopping through the international gateway services.

The bank is also trying to popular its school banking product as it set a higher interest rate for the savings account of the school-going students.

The students, whose age between 11 and 17, will be allowed to open account with the product and they get 7.50 per cent rate of interest against their savings amount.

The students will enjoy the interest rate on their daily balance with the account.

The bank is also highlighting its SME products at the fair as it will not take any processing fee from the client to disburse the loan.

The clients will be allowed to receive BDT 4 lakh without submitting any collateral securities under the product.

The rate of interest of the product is 18 per cent with a repayment tenure of 2-year.

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.

BBN/RZ/ANS

City Bank focuses internet banking at fair

BBN Desk — Fri, 27 Nov 2015 11:51:53 +0000

Dhaka, Bangladesh (BBN) – City Bank is focusing its digital banking at the Banking Fair Bangladesh-2015 so that the clients will enjoy the banking services without going to the bank.

The bank has recently introduced a digital banking product named ‘Citytouch’ to expand the digital banking door to door, Jayonta Kumar Paul, a relationship officer of City Bank, told the BBN during the ongoing fair.

Under the products, the clients will open savings and current account and they could operate account from their respective home.

The service brings together all the conveniences of branch banking to the screen of the clients’ internet-enabled devices.

Under the product, the clients can shop from over 100 retailers, buy air tickets, pay mobile phone bills, credit card installment and school charges and fees, and transfer funds.

The client will be able to keep track their account round the clock. The clients will inform their updated balance history instantly if they use the product.

The bank is also focusing its credit card product.

The clients will be allowed to shop from more than 100 outlets through online by using the credit card.

The credit card of the bank is affiliated by American Express and City Bank is the sole agent of AMEX.

Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.

BBN/SS/ANS

Southeast Bank works for mobile financial service

BBN Desk — Fri, 27 Nov 2015 09:56:17 +0000

Bangladesh (BBN) – Southeast Bank Ltd is working to highlight its newly introduced mobile financial service namely “telecash” at the Banking Fair Bangladesh-2015 so that the clients will enjoy the banking facility from their mobile phone.

"The clients will enjoy the cash deposit, withdraw facility and inter-bank fund transfer under the new product of the bank," Md Allama Ikbal, an officer of Southeast Bank, told the BBN during the ongoing fair.

The clients will be able to top up their mobile phone, pay the utility bill and withdraw the inward remittance from abroad if they open account using the product, Mr Ikbal said.

The clients of the Southeast Bank will pay their monthly installment of their deposit pension scheme through the “telecash”.

The owners of the industrial units will be able to disburse the salary to their workers under the product.

The bank is also focusing a product namely “Visa Platinum Credit Card” at the fair.

The credit card holders of the product will also be able to use VIP lounge of over 600 international airport.

Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.

BBN/RZ/ANS

Premier Bank works for remittance services at fair

BBN Desk — Fri, 27 Nov 2015 07:37:10 +0000

Dhaka, Bangladesh (BBN) – Premier Bank Ltd is highlighting its remittance services between non-resident Bangladeshis and their beneficiaries at the Banking Fair Bangladesh-2015 so that the remitters send their hard-earned money to the country without facing any hindrance.

The bank will not impose any maintenance charge with the account of NRBs and their beneficiaries, Mizanur Rahman Johnny, an officer of Premier Bank, told the BBN during the ongoing fair.

The five-day long fair is going on since November 24 on Bangla Academy ground in Dhaka. Bangladesh Bank Governor Dr Atiur Rahman inaugurated the fair.

The beneficiaries of the remitters will be able to withdraw the fund from all branches of the bank and its affiliated NGO’s outlets.

The number of branches and NGO outlets are 450 where the clients will enjoy the service.

The product will play a role in increasing the inward remittance as the remitter will feel easy to send their money to the home, Mr Rahman said.

The bank is also working to popularise its fixed deposit receipts to the clients as the rate of interest of the products is attractive.

The bank offers interest rate between 7.50 per cent and 8 per cent for FDRs which maturity tenure is three-month, 6-month, 12-month and 36-month.

The client, however, will get 4 per cent interest rate against FDR tenure period of one-month.

BBN/RZ/ANS

Standard Bank works for credit card, women entrepreneurs’ loan

BBN Desk — Fri, 27 Nov 2015 07:18:36 +0000

Dhaka, Bangladesh (BBN) – Standard Bank Ltd is working to highlight its credit card at the Banking Fair Bangladesh-2015 to encourage clients to enjoy the facility.

The clients will not require providing any issuance fee to hold the credit card and also enjoy two free cheque books, Syeda Sultana Banu, a senior officer of Standard Bank, told the BBN during the ongoing fair.

Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.

The clients, however, will have to submit one per cent cheque processing fee to use the credit card, Mrs Banu said.

During the fair, the bank is also popularising the women entrepreneur loan in a bid to speed up the country’s SME sector.

The women entrepreneurs will be allowed to get maximum BDT 10 lakh loan with an interest rate of 10 per cent.

They do not have to provide any collateral securities in line with Bangladesh Bank refinance scheme’s rules and regulation.

The product will play a role in increasing the empowerment of the women.

BBN/RZ/ANS

Prime Bank talks for home loan, SME investment

BBN Desk — Thu, 26 Nov 2015 11:32:03 +0000

Dhaka, Bangladesh (BBN) – Prime Bank Ltd is working to highlight two products at the Banking Fair Bangladesh-2015 to encourage clients for building home and invest in SME sector.

The bank is now disbursing maximum BDT 1.20 crore to clients to build home with an interest rate of 12.99 per cent, SM Aminul Haque, a junior officer of the Prime Bank, told the BBN during the ongoing fair.

Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.

The repayment tenure of the home loan is 15 years.

The product will help the clients to build their dream home as the interest rate is tolerable, the private banker said.

The Prime Bank also will disburse term loan to the SME clients with an interest rate of 15 per cent.

The maximum ceiling of the SME loan is BDT 3 crore.

Under the product, the women entrepreneurs will be allowed to take loan up to BDT 25 lakh without submitting any collateral securities with the bank, Mr Haque said.

The bank will provide the loan to the women entrepreneurs by taking fund from the central bank’s refinance scheme, he informed the BBN.

BBN/AI/ANS

UCB emphasizes on expanding virtual banking at fair

BBN Desk — Thu, 26 Nov 2015 10:13:10 +0000

Dhaka, Bangladesh (BBN) – United Commercial Bank is keeping importance at the Banking Fair Bangladesh-2015 to promote its branding by expanding virtual banking.

Under the virtual banking, the bank has recently introduced internet banking, SMS banking and online operation to settle the transaction of clients, Md Abdul Motin, sales executive of the UCBL, told the BBN during the ongoing fair.

Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.

The UCBL has already attached with the central bank’s real-time gross settlement (RTGS) to help its clients to transfer their large amount of fund on real-time basis, Mr Motin said.

The bank is also highlighting its two SME credit products to strengthen the country’s small and medium enterprises.

The products are ‘SME Onkur’ and ‘SME Dhrubo’.

Under the SME Onkur, the clients will be allowed to take loan of maximum Tk 5 crore to expand their business.

The loan is considered as term loan.

The rate of interest of the product is 13 per cent and repayment period is 5-years.

The bank will provide working capital for the SME client with a maximum ceiling of BDT 5 crore under its SME Dhrubo’ product.

BBN/RZ/ANS

MTB focuses on savings schemes in fair

BBN Desk — Thu, 26 Nov 2015 09:32:26 +0000

Dhaka, Bangladesh (BBN) – Mutual Trust Bank (MTB) Limited is focusing a number of savings schemes for different aged clients at the Banking Fair Bangladesh-2015 to attract student, mid-aged and senior citizens.
The private commercial bank (PCB) has recently introduced a saving scheme –‘MTB Junior’ –for students whose age below 18-year, Md Abdus Salam Talukdar, officer of Mutual Trust Bank Ltd, told BBN at the fair in Dhaka on Wednesday.
The students, whose age below 18-year, will be allowed to open the account under the ‘MTB Junior’ product with the bank.
The bank will offer 6.20 per cent interest rate with the savings amount of the student, the banker said, adding that MTB will provide free debit card and internet banking to operate the account.
The PCB is also highlighting another saving scheme –‘MTB Graduate’ –for the students whose age crossed 18-year. The rate of interest rate of the saving product is between 4.75 per cent and 5.25 per cent.
The students will also use the free debit card and internet banking, the private banker added.
During the fair, the bank is trying to popular another saving scheme for the client whose age crossed 60-year. The product’s name is MTB senior citizen and provides 6.25 per cent interest on saving scheme.

BBN/SSR/RZ

Bank Asia highlights agent banking in fair

BBN Desk — Thu, 26 Nov 2015 08:08:11 +0000

Dhaka, Bangladesh (BBN)– Bank Asia Limited is highlighting its agent banking product at the Banking Fair Bangladesh-2015 to bring more un-banked people in the banking network across the country.
The clients will be allowed to settle all types of transaction through the bank’s agent banking outlets, Razibul Akbor, trainee officer of Bank Asia, told BBN at the fair in 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.
The clients will operate their savings, current, and DPS related account through the outlets of the bank’s agent banking, the bank official explained.
The private commercial bank (PCB) has already opened 94 outlets across the 35 districts of the country to speed up the financial inclusion programme.
Bank Asia has also introduced biometric device to the clients, who have no educational literacy, to operate their account with the agent banks’ outlet, Mr. Razibul disclosed.
Under the outlet of the agent banking, the bank disburses farm and SME loan, paying the inward remittance to the client, fund transfer to other branch of Bank Asia, utility bill payment by the clients and debit card processing related activities.
The students will also be allowed to operate the account under the school banking by taking help from the outlets of the agent banking, the banker added.

BBN/SSR/RZ