Agrani Bank – Education Scheme

Agrani Bank Education Scheme

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.

Scheme Tenure:  5 & 10 Years .

Monthly Installment :

• For 5 year tenure 500,1000,2000,3000,4000,5000,6000,7000,8000,9000,10000 TK
• For 10 year tenure 500 ,1000,2000,3000,4000,5000,6000,7000,8000,9000,10000 TK

Installment  Payment time : Within first 10 days of the month.

Eligibility:

• Must be a student having minimum 18 years age or above. Below 18 years student accountcan be opened / operated by gurdians.
• Joint name account facility is not applicable for this scheme.

Interest Rate: 7.00% (Changeable)

Bonus:

• Bonus will be given as per duly payment of all installment .
• Here bonus will be 2 times of monthly installment .

Required Documents

• 1 student ID card attestedby institutional head .
• Attested photocopy of Passport / Driving License /National ID Card of the account holder.
• 2 copyes of passport sized photo of the account holder.
• 1 copy of passport sized photo of the nominee attested by the account holder