Agrani Bank Quarterly Income Scheme
Agrani Bank Quarterly Income Scheme will be maintained for a period of 3 (three) years and the minimum amount of deposit is BDT 1,00,000.00 (One Lacs) or its multiples and Maximum amount 10,00,000.00 (Ten Lacs). Interest will be paid on quarterly. On maturity the principal amount will be paid back.
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.
Duration: 3 years.
Initial Deposit: Minimum 1.00 lac or its multiples, maximum 10.00 lacs taka
Rate of interest: 5%.
General account opening rules are applicable for opening this account. This account can be opened in the name of Individual (Single)/Two or more persons (joint).