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Non Chequeable Savings Bank Account (NSB A/C)
Non Chequeable Savings Bank Account (NSB A/C) is a local currency transactional accounts that customer uses for interest-earning and savings purpose. Customers may withdraw fund by using debit card or Payment Order against their written application upon verification of the signature by MOP/GB In-Charge. Features of this deposit product are enumerated below:
Features and Terms & conditions of the deposit product:
Non Chequeable Savings Bank Account (NSB A/C) may be opened in the name of Person(Single), Two or more individuals(joint) who are not partners, Minor jointly with Natural/Legal Guardian and Clubs/Societies/Associations or Similar Institutions/ non profit organizations;
Uniform Account Opening Form must be used to open a new account;
Know Your Customer (KYC) policy should be ensured;
Initial Deposit amount would be BDT 1000/=(fixed by the Bank from time to time);
Maximum withdrawal per day through ATM BDT 50,000/ and payment order 25% of outstanding balance;
No cheque book will be issued for this account;
Documents required for opening Savings Bank account as per Operation Manual on General Banking are also applicable for opening Non Chequeable Savings Bank Account (NSB A/C);
Non Chequeable Savings Bank Account (NSB A/C) holder may be introduced by a running CD/SND/SB Account holder with sufficient balance in their accounts and satisfactory transaction in the accounts;
Transaction would be ATM/POS for withdrawing money and Pay order at point(Branch);
The interest eligibility, interest calculation and inactive marking are as same as that of Savings Account;
Charges/Govt. Tax/Vat is to be realized from the account as per government/Head Office instruction;
Debit Card fee applicable for savings bank account as per present schedule of charges of the Bank will also be applicable for Non-Chequeable Savings Bank Account;
Statement of Non Chequeable Savings Bank Account (NSB A/C) is to be dispatched to the Account holder on half yearly basis or as may be requested by the customer or as prescribed by Bangladesh Bank from time to time. Besides, Balance confirmation certificate is also to be provided half-yearly basis;
A person is not allowed to be open more than one account in his/her name which is not applicable in case of joint account or as guardian in cash of Minor(s) account;
Any Employee may open a Non-Chequeable Savings Account (NSB A/C) jointly only rather than singly in spite of having an employee account with MBL. The condition may be applicable for customer also;
Account related fees applicable for savings bank account as per present schedule of charges of the Bank will also be applicable for Non-Chequeable Savings Bank Account;
Other Charges are applicable for savings bank account as per present schedule of charges of the Bank will also be applicable for Non-Chequeable Savings Bank Account;
Cash, Cheques draft, payment orders, dividend warrants, refund warrants etc. can be deposited in this account;
Foreign Nationals are not entitled to open Non Chequeable Savings Bank Account (NSB A/C);
The bank reserves the right to close any Non Chequeable Savings Bank Account (NSB A/C) with prior notice ;
Any other terms & conditions can be applicable by the Bank’s circulars, manuals & guidelines.
Benefits of the scheme:
1.5 %( one and half percent) higher interest than of usual Savings Bank Account of MBL
Debit Card Facility
Personal Loan Facility for A/c Holders complying bank’s terms & conditions.
Gift for the best Saver
Priority service
Convenience of Access
Internet and SMS Banking Service
Deposits
Current Deposit Account
Savings Bank Account
Special Noticed Deposit Account
Fixed Deposit Account
Double Benefit Deposit Scheme
Family Maintenance Deposit
Monthly Savings Scheme (MSS)
Quarterly Benefit Deposit Scheme
1.5 Times Benefit Deposit Scheme
School Banking
Education Planning Deposit Scheme
Super Benefit Deposit Scheme
Loans
Home Loan
Cottage Loan
Car Loan
Personal Loan
House Furnishing Loan
Doctor's Loan
Education Loan
Secured Over Draft (SOD)
Refinance Scheme for Green Product/Initiatives
Krishi / Polli Loan
Credit Cards
Platinum Card
Gold Card
Classic Card
Fees & Charges
Debit Cards
MBL VISA Debit Card