Smart Savings Account (SSA) & Smart Current Account (SCA)
Know About
Smart Savings Account (SSA) & Smart Current Account (SCA)
Account Opening Procedure:
- These accounts shall be opened through both channels–at Branch (on premises) and digital on boarding (E-KYC) platform.
- Customers having an existing CIF shall use the same CIF for opening SSA or SCA accounts.
- Initial deposit requirement for opening the accounts will be Tk.1000/- (for SSA) & Tk.2000/- (for SCA).
Operation of Account:
- The SSA & SCA shall be operated like a Special Savings Bank account and a Special Current Deposit account respectively.
- Both products will provide customers with full access to mobile app and internet banking services, enabling them to perform digital transactions conveniently and securely.
- The following transactions shall be permitted for the both products:
- Cash deposit and withdrawal (through Bangla QR) at any NBPLC branch.
- Fund transfers from other banks through Clearing, BEFTN, NPSB, and RTGS.
- Fund transfer from SSA & SCA to other bank through BEFTN, NPSB and RTGS.
- Foreign inward remittances.
- Fund transfers between SSA and SCA accounts.
- Fund transfers form SSA and SCA accounts to any account within the bank.
On-Premises Transaction Limit:
|
Feature |
Limit/Details |
|
Transfer, Bill payments |
No Limits |
|
QR Cash Withdrawal |
Per transaction - up to BDT 1.00 lac Per day- BDT 5.00lac |
Digital Channel Limits (app/IB):
|
Feature |
Limit/Details |
|
Within the Bank |
Per transaction up to BDT 50.00 lac per day |
|
BEFTN and NPSB transactions |
Per transaction up to BDT 3.00 lac, BDT 10.00 lac per day |
|
RTGS transactions |
Per transaction up to BDT 3.00 lac, BDT 10.00 lac per day |
|
Wallet transfer |
Up to BDT 20,000 per day |
|
Bill payment |
Per transaction up to BDT 5.00 lac, BDT 10.00 lac per day |
|
QR Cash withdrawal |
Per transaction up to BDT 1.00 lac, BDT 5.00 lac per day |
|
QR Payment (Bangla QR) |
Per transaction up to BDT 3.00 lac, BDT 10.00 lac per day |
- Interest Rate & Charges:
|
Interest Rate |
SSA: 2% half yearly rest (Interest Calculation method will be on daily balance), subject to change from time to time. No interest will be given if interest amount comes below Tk. 500/-.
SCA: Interest is not applicable.
|
|
SMS Service Charge |
First Year: Free (for both products). Applicable from the second year as per bank’s usual rate.
|
|
Account Maintenance fee &Other charges (if any) |
|
|
Excise Duty, VAT& AIT etc. |
To be realized as per approved rate as circulated by the government from time to time.
|
Restrictions:
- Fund transfers from existing NBL deposit products (SB/CD/SND/PSA and other conventional deposit accounts) to SSA or SCA accounts shall not be allowed.
- Transactions shall be conducted primarily through digital channels (BEFTN, RTGS, NPSB, Bangla QR Payment & Other approved digital services).
- Chaque Book shall not be issued against these products.
- SSA or SCA cannot be used as liquidation/parking Account for existing Term Deposit.
Eligibility
- Any Bangladeshi citizen, resident or non-resident, aged 18 years or above can open the SSA account either individually or jointly.
- Minor citizen of Bangladesh can also open SSA account by his/her own name. In that case his/her legal guardian will operate the account.
- Any business entity (Proprietorship, Partnership, Limited companies etc.) may open SCA account under this special deposit product.
Ways to Apply
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