Al Wadiah Current Deposit is a deposit product operated according to Islamic Shariah where the depositor will deposit money in the Bank in the form of ‘Amanat’ and thus expects on profit or loss. The Bank takes permission from the depositor to use the deposit according to Islamic Shariah but guarantees that the amount deposited would be available to depositors whenever s/he demands. If Bank does loss using this deposit then bank will incur all responsibilities. Since depositors do not take any risk of loss, so they cannot demand any profit.
Bank gives the guarantee to return the full amount on demand / maturity at its own risk (depositor will not share the risk).
Bank can invest this deposited fund with the permission of the depositor.
Bank may share the profit with the depositors as per management’s decision.
Frequent and random transactions do not have any impact on profit calculation as it is a non-profit bearing product.
Depending on the amount of deposit there is a yearly excise duty to be charged on this type of account.
There is also a specific amount of service charge, chargeable on half-yearly basis.
Unlimited transactions are allowed
Personalized MICR Cheque Book is available
No withdrawal notification required
Nominal service charge
Any branch Banking facility
Bank accepts and supports Standing Instructions
Eligibility
Al - Wadiah Current Deposit Account can be opened both for Individual and Corporate bodies
Al - Wadiah CD Account can be opened both for resident and non - resident Bangladeshi Nationals
Age bar for Personal Al - Wadiah CD Account: 18 years or above
Joint account can be opened
Minor account can be opened under the supervision of his / her / their guardian.
Account can be opened in the name of Trust / Club / Association / Societies / Non - Trading Concerns.
Required Documents
Photocopy of Citizenship Certificate / Passport / Voter I.D. Card / National I.D. Card / Driving License.
Two copies of recent passport size photograph duly attested by the introducer.Certified document(s) for source of income.
The account requires to be introduced by an existing and satisfactory account holder of Trust Bank Limited.
Nominee form and photograph of nominee(s) (signature attested by the account holder). In case of minor nominee, copy of the birth certificate and photograph required.
Personal Information Form.
KYC Form.
Rates & Charges
Cheque Book Issuance fee
Normal Cheque : Tk. 1.00 per leaf
MICR Cheque : Tk. 2.00 Per Leaf
Standing Instruction charge TK 100 for compliance of each Instruction
