Agrani Bank – Sanchay Pension Scheme

Agrani Bank Sanchay Pension Scheme

The purpose of Agrani Bank Sanchay Pension Scheme (ASPS) is to provide financial certainty and welfare in the future through savings in monthly installments by middle, lower middle class and low-income professionals /employees. Under the terms ‍and conditions, account holder will enjoy the benefits of pension for 10 years on maturity in a scheduled rate.

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.

Eligibility:  Any Bangladeshi national18 years of age and above can open this account.

Monthly Deposit: 1000/-, 2000/-, 5000/- and initial deposit of 0.50 lac, 1.00 lac and 2.00 lac respectively. Monthly installment must be deposited by the 10th of every month. Accounts cannot be opened by any minor or joint name.

Tenure: 10 years.

Interest Rate: 7.00% Compound interest rate.

Features: No Cheque book and ATM card will be issued.

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.