Dhaka, Bangladesh (BBN) – NRB Bank Limited has introduced a new savings accounts for the farmer and lower income group at the Banking Fair Bangladesh-2015 to include the marginal clients with the banking network.
Bangladesh Bank (BB) Governor Atiur Rahman introduced the product to speed up the country’s financial inclusion, Munjur Elahi, Associate Relationship Manager of NRB Bank, told BBN at the fair premises in the capital Dhaka on Friday.
The farmers, freedom fighters and lower income group will be allowed to open accounts with the bank by keeping initial deposit of BDT 10, the banker added.
“We’ll not impose any charge to operate the account and give attractive rate of interest to the clients,” the private banker explained.
The bank is focusing its credit card at the fair as the annual charge of the product is lower than that of other banks, he claimed.
The bank imposes BDT 1,000 as annual charge for the credit card holders although other banks impose between BDT 1,500 and BDT 2,000, according to the banker.
The NRB Bank has recently introduced a SME credit product for the women entrepreneurs namely ‘Prerona’ where the female businesspeople will enjoy loan amounting to BDT 1.0 million without placing any collateral securities.
The rate of interest of the product is 10 per cent.
BB Governor Dr 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.