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Last updated: 30th June 2022

Short Term Deposit/Short Notice Deposit (STD/SND) Account

Special Notice Deposit (STD/SND) Account is an interest bearing deposit where advance notice of 7 to 30 days required for amount withdrawal. STD/SND A/C is usually opened by Firms, Corporate Financial Institution.
=>Features and Benefits:
    =>Bank pays attractive interest.
    =>Personalized MICR Cheque Book is available.
    =>Nominal service charge.
    =>Any branch banking facility (Cash withdrawal and deposit from any branch)
    =>Bank accepts and supports Standing Instructions.
    =>Nomination facility is available to nominate beneficiary for account proceeds.
    =>Interest is payable on half yearly basis.
    =>Charge free statement of A/C, Balance Confirmation Certificate twice in a year on half yearly / yearly basis.
    =>Option is available to collect e - Statement on monthly basis.
=>Eligibility:
    STD/STD/SND Account can be opened by both Individual/Firms/Corporate bodies.
    Age bar for Personal STD/SND Account: 18 years or above.
    Joint account can be opened.
    Account can be opened in the name of Trust / Club / Association / Societies / Non - Trading Concerns.
=>Requirements:
Applicants must satisfy the following documentation requirements:
    =>Personal Banking
        =>Photocopy of Citizenship Certificate / Passport / 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.
        =>TIN Certificate.
        =>Proof of communication address: Photocopy of an Electricity Bill / Gas Bill / Wasa Bill / Telephone Bill.
        =>The account requires to be introduced by an existing and satisfactory account holder of Bangladesh Development Bank Limited.
        =>Initial deposit of Tk 5,000/- for urban clients and Tk 1,000/- for rural clients.
        =>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;
        =>P=ersonal Information Form.
        =>Transaction Profile.
        =>KYC Form.
        =>Account Opening Form to be duly filled in and signed by A/C holder and to be authenticated by Bank’s authorized officials.
    =>Corporate Banking
        =>Sole Proprietorship Concern
            =>Copy of valid Trade License;
            =>Permission of Board of Investment required for FC (Foreign Currency) Account;
            =>Declaration for opening foreign currency account duly filled in and signed;
            =>Recent passport size photograph(s) of signatory attested by the introducer. (Photographs of the signatory of non - residents of Bangladesh shall be attested by the their respective Embassy / Mission authority);
            =>Photocopy of Citizenship Certificate / Passport / National I.D. Card / Driving License. (Photocopy of valid Passport of the signatory of non-residents of Bangladesh shall be attested by the their respective Embassy / Mission authority);
            =>Initial deposit of Tk 5,000/- for urban clients and Tk 1,000/- for rural clients.
            =>Official Seal;
            =>TIN Certificate (If Any);
            =>Personal Information Form.
            =>Transaction Profile;
            =>KYC Form
            =>Account Opening Form to be duly filled in and signed by A/C holder and to be authenticated by Bank’s authorized officials.
        =>Partnership Concern:
            =>Copy of Partnership Deed of the Firm (Registered / At least notarized);
            =>Firm Registration Certificate (if registered);
            =>List of Partners with their addresses;
            =>Copy of valid Trade License;
            =>Recent passport size photograph(s) of signatory / signatories attested by the introducer. (Photograph(s) of the signatory / signatories of non - residents of Bangladesh shall be attested by the their respective Embassy / Mission authority);
            =>Photocopy of Citizenship Certificate / Passport / National I.D. Card / Driving License. (Photocopy of valid Passport of the signatory of non - residents of Bangladesh shall be attested by the their respective Embassy / Mission authority);
            =>Resolution of the partners of the firm for opening the account and authorization for its operation duly certified by managing partner of the firm;
            =>Initial deposit of Tk 5,000/- for urban clients and Tk 1,000/- for rural clients.
            =>Official Seal;
            =>TIN Certificate (If Any);
            =>Personal Information Form.
            =>Transaction Profile;
            =>KYC Form
            =>Account Opening Form to be dully filled in and signed by A/C holder and to be authenticated by Bank’s authorized officials.
        =>Private Limited Company:
            =>Certified true copy of Certificate of Incorporation;
            =>Certified true copy of the Memorandum & Articles of Association of the Company duly attached;
            =>Certified true copy of Form XII of the company;
            =>Permission of Board of Investment required for FC (Foreign Currency) Account;
            =>Extract of the Resolution of the Board Meeting of the Company for opening the account and authorization of its operation duly certified by the Chairman / Managing Director of the Company;
            =>Recent passport size photograph(s) of signatory / signatories attested by the introducer. (Photograph(s) of the signatory / signatories of non - residents of Bangladesh shall be attested by the their respective Embassy / Mission authority);
            =>Photocopy of Citizenship Certificate / Passport / Voter I.D. Card / National I.D. Card / Driving License. (Photocopy of valid Passport of the signatory of non-residents of Bangladesh shall be attested by the their respective Embassy / Mission authority);
            =>List of Directors with addresses;
            =>Copy of valid Trade License;
            =>Official Seal with designation;
            =>Initial deposit of Tk 5,000/- for urban clients and Tk 1,000/- for rural clients.
            =>Tax Certificate;
            =>Personal Information Form.
            =>Transaction Profile;
            =>Account Opening Form to be duly filled in and signed by A/C holder and to be authenticated by Bank’s authorized officials.
        =>Public Limited Company:
            =>Certified true copy of Certificate of Incorporation;
            =>Certified true copy of certificate of commencement;
            =>Certified true copy of the Memorandum & Articles of Association of the Company duly attached;
            =>Certified true copy of Form XII of the company;
            =>Permission of Board of Investment required for FC (Foreign Currency) Account;
            =>Extract of the Resolution of the Board Meeting of the Company for opening the account and authorization of its operation duly certified by the Chairman / Managing Director of the Company;
            =>Recent passport size photograph(s) of signatory / signatories attested by the introducer. (Photograph(s) of the signatory / signatories of non - residents of Bangladesh shall be attested by the their respective Embassy / Mission authority);
            =>Photocopy of Citizenship Certificate / Passport / National I.D. Card / Driving License. (Photocopy of valid Passport of the signatory of non - residents of Bangladesh shall be attested by the their respective Embassy / Mission authority);
            =>List of Directors with addresses;
            =>Copy of valid Trade License;
            =>Official Seal with designation;
            =>Initial deposit of Tk 5,000/- for urban clients and Tk 1,000/- for rural clients.
            =>TIN Certificate;
            =>Personal Information Form.
            =>Transaction Profile;
            =>KYC Form;
            =>Account Opening Form to be dully filled in and signed by A/C holder and to be authenticated by Bank’s authorized officials.
        =>Trusts / Clubs / Associations / Societies / Co - operatives / NGO / Non - trading Concerns:
            =>Certified true copy of the constitution / By - Laws / Trust Deed / Memorandum and Articles of Association;
            =>Certificate of Registration of the Association / Club / Charity / Trust / Society / Co - operative / NGO / Non - trading concern for inspection and return (along with a duly certified photocopy for Bank’s records);
            =>List of members of the Governing Body / Executive Committee of the Association / Club / Charity / Trust / Society / Co-operative / NGO / Non - trading concern with their addresses;
            =>Extract of Resolution of the Association / Club / Charity / Trust / Society / Co - operative / NGO / Non - trading concern for opening the account and authorization of its operation duly certified by the Chairman / Secretary of the Association / Club / Charity / Trust / Society / Co-operative / NGO / Non - trading concern etc.
            =>Recent passport size photograph(s) of signatory / signatories attested by the introducer. (Photograph(s) of the signatory / signatories of non - residents of Bangladesh shall be attested by the their respective Embassy / Mission authority);
            =>Photocopy of Citizenship Certificate / Passport / National I.D. Card / Driving License. (Photocopy of valid Passport of the signatory of non-residents of Bangladesh shall be attested by the their respective Embassy / Mission authority);
            =>Initial deposit of Tk 5,000/- for urban clients and Tk 1,000/- for rural clients.
            =>Official Seal mentioning designation
            =>Personal Information Form.
            vTransaction Profile;
            =>KYC Form
            vAccount Opening Form to be duly filled in and signed by A/C holder and to be authenticated by Bank’s authorized officials.
=>Rate of Interest & Fees
    =>Currently interest rates are as per banking policy which is subject to change time to time
    =>Fees and Charges: As per existing schedule of charges which is separately displayed/shown on the web site.

Opening of the account requires completion of requisite documentation and satisfactory KYC formalities.

For more information on our other products, please contact our any Branch.