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| Do the inevitable, do what's natural. Do banking with Grameen Bank.
There are quite a few options to do banking with Grameen Bank. The table below summarises these products along with the support group's comments:
| Name of Product |
Minimum amount(Taka) |
Maximum amount(Taka) |
Term |
Rules highlights |
In case of death of the account holder |
Support Group's comment about the product |
| Current Account Click here for form to open this account |
USD 150 |
Unlimited |
At least a year |
Money can be withdrawn anytime by self |
Same as above |
People who want to see Grameen programme expand throughout whole Bangladesh |
| Fixed monthly income Click here for form to open this account |
20,000 |
Unlimited,multiples of 10,000 |
5 yrs or 10 yrs |
Tk 800/mth for deposit of Tk 100,000
Tk 850/ mth for deposit of Tk 100,000
Money can be withdrawn by nominee |
Nominee receives the money without any need for a succession certificate |
Suits Non Resident Bangladeshis (NRB) with continuous and long-term commitments in Bangladesh |
| Doubles in 7 years Click here for form to open this account |
1,000 |
Unlimited,multiples of 1,000 |
Doubles in 7 years |
Can be withdrawn any time Money can be withdrawn by nominee |
Same as above |
An excellent way for NRBs to increase capital for future investment |
| Fixed Deposit Click here for form to open this account |
1,000 |
Unlimited |
Min 1 yearMax unlimited |
Can be withdrawn with interest anytime after a year Interest rate: 1 yr - 8.75%2 yr - 9.25%3 + - 9.50% Money can be withdrawn by nominee |
Same as above |
NRBs can park their capital while looking for business opportunitiesin Bangladesh |
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Detailed description of products:
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Bangladeshis living abroad who desire to see Bangladesh is free from poverty in ten years can open this current account in Grameen's Shovapur,
Savar Branch. This money will be used to expand Grameen's microcredit programme to new areas. This is the opportunity for those Bangladeshis who want to
do something worthwhile for the country but do not know how to do this. This token gesture will help enormously the economic development of Bangladesh.
- The minimum equivalent US$ 150 with no limit on the maximum amount.
- No interest given. The account holders will forgo only a small amount of interest in order to be associated with a gigantic task of nation building programme.
- Money can be withdrawn only in Taka currency at any time by the account holder
- The account may be opened for one year at the least but it is recommended to keep it for 7 years to achieve the intended objective.
- The account holder can appoint nominee who will be able to withdraw this money in the event of death of the account holder.
Here is the link to the Account Opening Form that you
can print out, fill up and post to the Grameen Bank, Dhaka, Bangladesh
along with your bank draft. You can also transfer the money by TT to
Grameen Bank's account (A/C number 1711560) with ANZ Grindlays Bank, 2
Dilkusha C/A, Dhaka 1000, Bangladesh. If you have any question about the
form or want the account opening package to be posted to you (in case
access to a printer is not handy), just send us an e-mail or contact:
Nazrul Islam 1 Hourglass Glen,
St Clair Sydney 2759,
Australia phone/fax: 61 2 9670 2745
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- Minimum amount to open the account: Tk 20,000 with no limit on maximum amount as long as they are multiples Tk 10,000 Tk.
- This account can be opened for 5 or 10 year terms.
- In case of 5 years, for an investment of Tk 100,000, a monthly amount of Tk 800 is paid to the account holder.
- In case of 10 years, a monthly amount of Tk 850 is paid for the same account
- The account holder can appoint nominee(s) to withdraw and act on their behalf
- The account can be renewed after it matures. In the event no action is taken by the account holder, the account is automatically renewed.
- In the event the account is withdrawn before it matures, the excess interest disbursed is adjusted with the following rates:
| Term | Interest (simple) |
| More than a year up to three years | 7% |
| More than three years up to five years | 8% |
| More than five years up to ten years | 8.5% |
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Bangladeshis living abroad can open fixed monthly income accounts with in any village branch of Grameen Bank. Here are the highlights of the account:
Bangladeshis living abroad can open a high interest account in any
village branch of Grameen Bank which doubles in 7 years. Here are the
highlights of the account:
- Minimum amount to open the account: 1,000 Taka no limit on maximum
amount
- If necessary, the account holder can withdraw money even before the
account has matured. In this case, an interest will be paid to the
account holder with the following rates:
| Term |
Money to be paid at the end of the term with interest |
| 1 year |
1,087 Tk |
| 2 years |
1,193 Tk |
| 3 years |
1,312 Tk |
| 4 years |
1,450 Tk |
| 5 years |
1,610 Tk |
| 6 years |
1,095 Tk |
| 7 years |
2,000 Tk |
- More than one nominee - adult or minor - can be appointed to operate
on the account holder's behalf and the nominees can be changed at any
time
- If the account holder passes away before the account matures, the
nominees can withdraw the money with interest - in this event no
succession certificate is necessary.
- Click here for form to open this account
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Bangladeshis living abroad can also open high interest saving accounts at least for a year with in any village branch of Grameen Bank.
Here are the highlights of the account:
- Minimum amount to open the account: Tk 1,000 with no limit on maximum amount.
- The account can be jointly operated.
- The account holder can appoint nominee(s) to withdraw and act on their behalf.
- Interest rate
| Term | Rate |
| 1 year | 8.75% |
| 2 years | 9.25% |
| 3 years or more | 9.50% |
- In the event the account is withdrawn before it matures, this is how interest is disbursed:
- If money is withdrawn within a year after the account was opened, no interest is paid
- For all other cases, interest will be disbursed with the rate for the term that has already been completed.
- The account can be renewed after it matures. In case of no action taken by the account holder, the account is automatically renewed for one year.
- Click here for form to open this account
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| Zone | Name | Names of districts this ZOne covers |
| 1 | Chittagong | Chittagong, Cox's Bazar |
| 2 | Tangail | Tangail, Jamalpur |
| 3 | Rangpur | Rangpur, Nilphamari, Lalmonirhat, Gaibandha, Kurigram |
| 4 | Dhaka | Dhaka, Manikganj, Gajipur |
| 5 | Patuakhali | Patuakhali, Barisal, Barguna, Jhalakati, Perojpur |
| 6 | Bogra | Bogra, Jaipurhat, Pabna, Sirajganj |
| 7 | Sylhet | Sylhet, Moulvibazar, Sunamganj,Hobiganj |
| 8 | Rajshahi | Rajshahi, Naogaon, Nawabganj, Natore |
| 9 | Dinajpur | Dinajpur, Thakurgaon, Panchagarh |
| 10 | Faridpur | Faridpur, Rajbari, Madaripur, Gopalganj, Shariatpur, Kushtia, Magura |
| 11 | Comilla | Comilla, Brahmanbaria, Chandpur |
| 12 | Mymensingh | Mymensing, Netrakona, Kishorganj, Sherpur |
| 13 | Narayanganj | Narayanganj, Narsindi, Munshiganj |
| 14 | Khulna | Khulna, Bagerhat,Satkhira, Narail, Jessore, Jhenaidah, Meherpur, Chuadanga |
| 15 | Noakhali | Noakhali, Feni, Lakshmipur |
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