Special Notice Deposit (SND)

BASIC Bank provides Special Notice Deposit Account facility for corporate customers for day-to-day business operations. Any individual or corporate body can open Special Notice Deposit Account, which is an interest bearing deposit account, for a short period of time. However, 7 days of notice is required if the customer wishes to withdraw money from this account.

  • Opening deposit is minimum Tk.500/-(Tk. Five Hundred).
  • 7 days of notice is required for withdrawal money.
  • Cheque-book, ATM Service, SMS Alert Service.
  • Taxes and duties will be applied as per govt. rule.
  • State owned organization / project funds / govt. program, etc. related account may be opened without any initial balance.


BASIC Special Notice Deposit (SND) may be opened in the name of:

  • Individuals
  • Two or more Individuals (Joint)
  • Sole Proprietorship Concerns
  • Partnership Firms
  • Limited Companies (Both Public and Private)
  • Societies / Clubs / Associations / Local Bodies
  • Banks
  • Govt. / Semi Govt. Offices / Corporations / Autonomous bodies.

 

Interest Rate:

Less than Tk. 1.00 crore 3.50%
Tk. 1.00 crore & above but less than Tk. 25.00 crore 3.50%
Tk. 25.00 crore & above but less than Tk. 50.00 crore 3.50%
Tk. 50.00 crore & above but less than Tk. 100.00 crore 3.50%
Tk. 100 crore and above 3.50%

 

*Interest rate is subject to change from time to time.


Required Information & Documents:

  • Duly filled up Account Opening Form.
  • NID / Birth Certificate / Valid Passport
  • TIN (if any).
  • Two copies of recent passport size Photographs of account holder duly attested by the Introducer.
  • One copy of Passport Size Photograph of Nominee duly attested by the Account Holder.

For opening of SND accounts for joint stock companies, associations and clubs etc:

  • Copy of Registration or Incorporation certificate (in case of company or registered organization)
  • Copy of certificate of commencement (only for public limited company).
  • Copy of Memorandum and Articles of Association (in case of limited company)
  • Copy of Constitution and By-law (in case of association)
  • Copy of minutes of board of directors / managing committee / governing body meeting for account management
  • Certified copy of the names of directors / officials and their signatures
  • Declaration.