Short Term Deposit Account is the net flow of current transactions including services and interest payments. It is an easy-to-use, convenient current account with instant access and withdrawals to your money anywhere in Bangladesh.

Rules of Short Term Deposit Account :

1. A minimum initial deposit of tk. 5000/- shall be required for opening a Current Deposit Account.
    
2. Interest rate is 4%.
    
3. Withdrawal of money by the customer from the account shall be allowed only through the leaves of the cheque book issued by the Bank.
    
4. Signature of the customer on the cheque leaf for withdrawal of money shall have to be tallied with the specimen signature recorded with the bank.
    
5. Payment, in no way, shall be allowed against advance / post dated and torn cheque.
    
6. The statement of account as furnished by the Bank shall be presumed as correct, if no objection to the same is raised by the customer within a week of receipt of the statement.
    
7. Bank shall accept order of the customer for stop payment of a cheque and exercise utmost care for meticulous compliance of the said order. But Bank shall not be made liable / responsible, if the said order remains unnoticed inadvertently.
    
8. Bank may, at the instruction of the customer, collect proceeds or money of the cheque etc. for credit into the account but the same shall be accomplished at the risk and responsibility of the customer. Bank shall always take efforts for early collection but shall not be responsible for any delay or loss, if caused in the process of collection. Cheque/instrument  will require to be crossed by the customer before depositing the same in the account. No withdrawal will be allowed against any proceeds not yet collected.
    
9. Bank shall take maximum care and remain alert to record exactly all the transactions of both credit and debit in the ledger with no fault. However in case of any mistake/lapse Bank shall reserve the right to rectify the same and recover the money from the customer without any reference/notice to the customer. Bank shall not be made liable for any loss/inconveniences caused to the customer due to such error/mistake/lapses.
    
10. Bank shall charge incidental expenses and recover the same from the account once after every 6(six) months for maintenance of the account. In case of closure of any account within six months from the date of opening of the same, Bank shall deduct TK. 50/- from account prior to its closure.
     
11. Any change/alteration of address/constitution of the customer must be intimated to the bank forthwith. In the matters relating to mailing and remittances, Bank shall consider the post office and other courier agencies as representatives of the customer and the Bank shall not be responsible for any delay or nondelivery of mails or remittences served through such agents.
     
12. Receipt against any cheque/money/instrument/book securities duly signned by the authorised official of the Bank shall be considered as legal one.
     
13. Bank shall reserve absolute right to alter/amend its own rules, regulation as well as rate of interest. This revised rule/rate of interest shall be applicable upon the customer forthwith. Bank will, as per Govt. directives/ notification, realise VAT/ Advance Income Tax/development surcharge/other levy at fixed rate at the end of each calender year on the basis of balance of 30th december or otherwise as decided by the Govt. from time to time.
     
14. Bank shall reserve the right to close down any account, if the operation of the same appears to be unsatisfactory. Moreover, Bank may close any account on other genuine grounds without assigning reason thereof.  

Requirements to apply for Short Term  Deposit Account

Public limited company:

• Introducing the A/C by a person / company/ firm who maintaining an current A/C with this Branch
• 2 (Two) passport size photographs of all the Directors duly attested by the introducer
• Valid Passport / Identify card (For Deffence personnel) / Word comissioner certificate of all the Directors
• Initial deposit minimum 500/-for opening a new A/C
• Board Resolution regarding opening of A/C & mentioning authorized persons for operation of the same
• Valid & upto date Trade license from municipality
• TIN & upto date TAX clearence certificate
• Memorandum  & Articles of association duly signed by the registrar of joint stock company with seal
• Account agreement form
• Certificate of Incorporation
• List of Directors on the company’s letter Head Pad
• Certificate of commencement of Business

Private limited company:

• Introducing the A/C by a person / company/ firm who maintaining an current A/C with this Branch
• 2 (Two) passport size photographs of all the Directors duly attested by the introducer
• Valid Passport / Identify card (For Deffence personnel) / Word comissioner certificate of all the Directors
• Initial deposit minimum 500/-for opening a new A/C
• Board Resolution regarding opening of A/C & mentioning authorized persons for operation of the same
• Valid & upto date Trade license from municipality
• TIN & upto date TAX clearence certificate
• Memorandum  & Articles of association duly signed by the registrar of joint stock company with seal
• Account agreement form
• Certificate of Incorporation
• List of Directors on the company’s letter Head Pad
• Certificate of commencement of Business

Govt/ Semi Govt. / Autonomous / Corp, Societies / Clubs. etc:

• Photocopy of Registration certificate certified by Chairman/Secretary
• Copy of constitution/ Bye Laws of the Club/ Society/ Association duly certified by Chairman/ Secretary. Certified copy should also be verified with the original by concerned Bank Officials under seal and signature
• Resolution of the managing committee/ Executive Committee authorizing opening the A/C with the Bank naming the persons who will operate the A/C
• List of Members of Managing Committee/ Executive Committee duly certified by Chairman/ Secretary