Agrani Bank – Fixed Deposit Account

Fixed Deposit Account

It is a deposit with fixed amount of time agreed upon between the bank and the depositor in exchange for not withdrawing the money during the agreed-upon period of time.

Agrani Bank emerged as a Nationalized Commercial Bank following the Bangladesh Banks (Nationalization) Order 1972 vide President’s Order No. 26 of 1972 under which former Habib Bank Limited and Commerce Bank Limited and renamed as Agrani Bank. The Bank was incorporated as a State-owned Commercial Bank on 17 May 2007 under the Companies Act 1994. On a going concern basis, Agrani Bank Limited took over the business, assets, liabilities, rights and obligations of Agrani Bank through a vendor’s agreement signed on 15 November 2007 between the Ministry of Finance of the People’s Republic of Bangladesh and the Board of Directors of ABL with retrospective effect from 01 July, 2007.

Interest Rate:

3 Months 5.00%

6 Months 5.25%

1 Year and above 5.50%

Fixed Deposit Account can be opened in the name of

• Individual (Single).
• Two or more persons (joint).
• Sole Proprietorship Concern.
• Partnership Concern (Firm).
• Limited Companies (both Public and Private).
• Society / Club / Association / Local Bodies / Govt. / Semi Govt. Organization, etc.

Required Documents

• Name of applicant(s) together with name(s) of parents and spouse(s).
• Present and Permanent Address.
• Date of Birth
• Nationality
• TIN (if any)
• Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving License /National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad.
• Two copies of recent passport size Photographs of account holder duly attested by the Introducer. One copy of Passport Size Photograph of Nominee duly attested by the Account Holder.

For opening of FDR accounts for joint stock companies, associations and clubs etc.

(A) Duplicate of Registration or Incorporation (In case of Company or registered organization)

(B) Duplicate of the business start date certificate (only for public limited company) 

(c) Duplicate of Memorandum and Articles of Association (in case of limited company), constitution and by-law (in case of association)

(D) Proposal of board of directors / managing committee / governing body meeting for account management) 

(e) Certified copy of the names of directors / officials and their signature 

(f) Declaration