MTB Shanchay, a savings product for the “Base of the Pyramid”. Low income group who don’t manage their finance due to the lack of available banking facilities; opening the product would help minimize their financial risks.
Features and Benefits:
- Minimum account opening balance is Tk 50
- Type of Account: Savings, non-checking.
- No account maintenance fee.
- Interest will be calculated on monthly average balance and credited to account on half yearly basis, similar to regular savings account*
- Cash withdrawal option: Only through withdrawal slip and Debit Card.
- Any Bangladeshi with photo ID document as applicable for savings account.
- Age 18 years and above.