Agrani Bank Quarterly Income Scheme
Agrani Bank Wage Earner’s deposit scheme has been designed for maintaining social responsibility for the nonresident Bangladeshi people and encourages them in savings.
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 of 18 years of age or above working/living abroad can open an account under this scheme. During the opening of the account, the applicant must give proper identification. Monthly installment must be deposited by the 20th of every month.
Tenure: 05 years.
Monthly Deposit: 5,000/-, 10,000/-, 15,000/-, and 20,000/- BDT
Interest Rate: 7% Compound interest rate.
Features: No cheque book facility.