Current Deposit (CD) Account

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Current Deposit (CD) Account is a transactional account where there is no restriction on number of transactions in the account. Current Deposit (CD) Account can be opened for individuals and business concerns including non-profit organizations.
Features and Benefits
Unlimited transactions (both deposit and withdrawals) are allowed.
Personalized MICR Cheque Book is available.
No withdrawal notification required.
Nominal service charge.
Any branch banking facility (Cash withdrawal and deposit from any branch)
Bank accepts Standing Instructions from A/C holders.
Nomination facility is available to nominate beneficiary for account proceeds.
Charge free statement of A/C, Balance Confirmation Certificate twice in a year on half yearly basis.
Option is available to collect e - Statement on monthly basis.
Eligibility
CD Account can be opened both for Individuals and Firms/Corporate/ Autonomous Bodies etc.
CD Account can be opened both for resident and non - resident Bangladeshi Nationals.
Age bar for Personal CD Account: 18 years or above.
Single/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.
Requirements
Applicants must satisfy the following documentation requirements:
Personal Banking
For resident of Bangladesh:
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 an introduction 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, a copy of the birth certificate and photograph required;
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.
Additional Requirement for Non - resident of Bangladesh:
As per existing Foreign Exchange guidelines of Bangladesh Bank.
Photocopy of passport with valid visa and work permit attested by their respective Embassy / Mission authority.
Two copies of passport size photograph duly attested by their respective Embassy / Mission authority.
Tax Certificate issued by foreign country.
Form QA-22
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;
Permission of Board of Investment required for FC (Foreign Currency) Account;
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 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 / 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.
Account Opening Form to be dully 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 duly 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.
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.
Rate of Interest & Fees:
No Interest is paid on CD Account.
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.

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