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Showing posts with label AB Bank Limited. Show all posts
Showing posts with label AB Bank Limited. Show all posts

Saturday, May 19, 2018

May 19, 2018

Islami Banking by AB Bank

Name

Islami Banking

Category
Islami Banking
Description
To provide the Islamic banking services in accordance with the principles of Islamic Shariah, AB Bank has established Islamic Banking Wing and started its functioning by opening full-fledged Islamic banking branch on 23.12.2004. The branch is known as AB Bank Islami Banking Branch, Kakrail, and is situated at 82, Kakrail, Ramna, Dhaka. Prominent Islami Banker Mr. M. Azizul Huq has joined the Bank as its Islamic Banking Consultant. A dedicated team of experienced Islamic bankers is working under his active guidance both at head office and branch level. A competent Shariah Council consisting of Islamic scholars, Ulema, Fukaha and Islamic bankers headed by Mr. Shah Abdul Hannan, a prominent Islamic scholar and former Secretary, Government of Bangladesh has also been formed to guide the Islamic banking affairs. Board of directors as well as management of the bank are very much interested to promote Islamic banking system in the bank aiming at opening more Islamic branches in the near future. AB Bank has already obtained membership of Islamic Banks Consultative Forum (IBCF) and Central Shariah Board for Islamic Banks of Bangladesh.

The goals and objectives of Islamic banking Wing are as under:

* To facilitate the Islamic banking system in the country
* To create new entrepreneurs and to arrange required finance for them
* To play effective role for socio economic development of the country
* To give assistance in launching welfare oriented economic system under Islamic values

Under this wing AB Bank extends the following Islamic banking services:

* Deposit services
* Investment services

Under Deposit services the following services are being rendered:

* Mudaraba Savings Account
* Mudaraba Short Noticed Account
* Mudaraba Term Deposit Account (with different terms)
* Mudaraba Monthly Profit Account
* Al-Wadiah Current Deposit Account
* Mudaraba Deposit Pension Scheme

Besides Mudaraba Hajj Deposit Scheme and some other schemes are under process.

Investment Services
AB Bank Islmic Banking Wing provides investment facilities for project finance, working capital finance, SME finance, consumer / retail baking finance etc. under following modes:

* Hire-Purchase under Shirkatul Melk (HPSM): Under this mode the Bank and the client procure asset such as machinery, land , car etc. on equity participation basis. The Bank rents out its portion of assets to the client for a certain period. The client pays the rental with a part of principal amount on monthly / quarterly basis. The client gets its proportionate ownership with the payment of monthly / quarterly installments. On maturity, total ownership of the assets automatically goes to the client as and when final payment of the account is made.
* Ijara or Leasing: It is more or less like the HPSM. In this case equity participation may or may not exist. Ownership of the asset is not automatically transferred to the client with the payments of installments. On maturity, the bank transfers the ownership to the client on payment of certain transfer fees.
* Bai-Muajjal / Bai-Murabaha: These modes are applicable for working capital finance. Under these schemes bank purchases goods / raw materials as per requirement of the client. In case of Bai-Muajjal bank receives the sales proceed on deferred payment basis. On the other hand in case of Bai-Murabaha Bank receives the sale price at the time of delivery of the goods / raw materials. Before handing over the goods / raw materials the bank generally keeps the same in its custody under pledge.
* Musharaka : Under this mode the Bank and clients jointly participate in a project, in a scheme or project. Profit is shared between the Bank & the concerned client as per pre-agreed ratio. On the other hand loss is shared according to capital ratio.
* Mudaraba: Under this mode bank finances the scheme as a Shaheb-Al-Maal (owner of the capital). Profit is shared between the two sides as per pre-agreed ratio.

Sector of Investment:
Islamic Banking Wing of the bank finances in all sectors i.e., Industry, business, Agriculture, Real Estate etc. if purpose of the investment is permissible under Islamic Shariah.

Limit of Investment:
Investment is offered to the extent of single borrower exposure limit as fixed by the Bangladesh Bank from time to time.

Foreign Trade:
Islamic Banking Wing provides the following services at its foreign trade desks:

* Opening of LCs
* Post -Import Finance
* Export bill purchase and negotiation
* Pre-shipment financing etc.

AB Bank Islamic Banking Wing has been continuously trying to expand it’s service horizon keeping the necessity of valued clients in view and upholding the principle of Islamic Shariah.

May 19, 2018

Non-Resident Bangladeshi (NRB) Banking by AB Bank

Name

Non-Resident Bangladeshi (NRB) Banking

Description
Facilities offered to NRBs

Opening of Foreign Currency A/C: We open Foreign Currency Account in USD/GBP/EUR/JPY for NRBs. Foreign Currency can be remitted by the Nationals of Bangladesh living Abroad earned by them as wage earners or from other sources. The deposit amount can also be used for remittance to other countries as per their requirement. Nominee of Account holder can also able to operate this Account.
NFCD: We issued Foreign Currency Fixed Term Deposit in USD/GBP/EUR with different tenure. Interest is paid in respective Foreign Currency. Rates of Interest are published in our daily Exchange Rate.

Wage Earners Development Bond: These Bonds can be issued from the balance of the FC account with tenure for five years. Rate of interest is 12% p.a. in BDT.

USD Premium Bond: These Bonds can be issued from the balance of the FC account with a tenure for Three years. Rate of interest is 7.5% p.a. in BDT.

USD Investment Bond: These Bonds can be issued from the balance of the FC account with a tenure for Three years. Rate of interest is 6.5% p.a. in USD.

In addition to the above, we also have Drawing Arrangements with 20 (Twenty) Exchange/Money Transfer Remittance Houses all over the globe to facilitate fast, reliable and hassle-free inward remittance to the expatriate Bangladeshis around the world. We also have special arrangements to credit Beneficiary’s account maintained with us on the same day through our extensive real time on-line network.

List of Exchange / Money Transfer Remittance Houses are as follows:

Foreign Remittance through Exchange House
For Inward Remittance, AB Bank established extensive drawing arrangement network with Banks and Exchange Companies located in the important countries of the world.

May 19, 2018

Safe Deposit Locker by AB Bank

Name

Safe Deposit Locker

Category Locker Service
Description

Looking for a safe storage place for your valuables?

A Safe Deposit Locker with AB Bank is the solution to your concern. Located at select branches in cities all over the country, our lockers ensure the safe keeping of your valuables.

Advantages / Key Benefits:

* Wide Availability.
* Lockers available in various sizes. i.e. Small, Medium and Large with varying rents.
* Lockers are rented out for a minimum period of one year. Rent is payable in advance.
* The rent may be conveniently paid from your deposit account with us.
* Direct debits for locker rentals from your account rid you of the hassles in writing out cheques.

Eligibility:

An individual (not minor), firms, limited company, associations, clubs, trusts, societies, etc may hire a locker.

Nomination for Safe Deposit Locker:

* The Lockers and their contents can be nominated to people near and dear to you.
* Nomination facility is available to individual hirer of Safe Deposit Locker.
* In the case of a sole hirer of a safe deposit locker, nomination can be made in favour of only one individual.
* Where the safe deposit locker is hired in the name of a minor, the nomination shall be made by a person lawfully entitled to act on behalf of the minor.

Terms & Conditions:

* For obtaining a Locker at AB Bank you must be an account holder with our Bank.
* Lockers can be allotted individually as well as jointly.
* The Locker holder is permitted to add or delete names from the list of persons who can operate the Locker and can have access to it.
* Loss of Key is to be immediately informed to the concerned Branch.
* For Schedule of Rentals, please contact the branch nearest to you.

May 19, 2018

SME Banking by AB Bank

Name

SME Banking

Description
Considering the volume, role and contribution of the SMEs, in the last two decades AB Bank has been patronizing this sector by extending credit facilities of different types and tenor. As of now 54% of the bank’s total loan portfolio is segmented to the SMEs which deserve all out attention in our plans, projections and forecasting.

As such the bank has emphasized on the following issues:

* To provide the best services to the SME sector
* To increase the SME portfolio of ABBL significantly
* To improve the quality of ABBL’s portfolio

SME Sectors in which AB Bank has participated so far:

* Agro machinery
* Poultry
* Animal Feed
* Dairy Product
* Fruit Preservation
* Hotel & Restaurants
* Garments Accessories
* Leather products
* Plastic product
* Furniture : Wooden & Metal
* Ink
* Paint
* Printing & Packaging
* Wire & Cable
* Aluminum
* Cement and Lime Plaster
* Clinics and Hospitals
* Engineering & Scientific Instruments

May 19, 2018

AB Investment Limited (ABIL) by AB Bank

Name

AB Investment Limited (ABIL)

Description
AB Investment Limited, a subsidiary of AB Bank Limited incorporated under the companies act 1994 and running its Merchant Banking operations being licensed by the securities and exchange commission.

ABIL’s head office is loacted at 30-3 Dilkusha C/A, Dhaka. ABIL has two branch offices at Agrabad, Chittagong and Chowhatta, Sylhet.

May 19, 2018

AB Bank Student Account

Features
  • No account maintenance fee.
  • Free debit card.
  • Free SMS banking & internet banking.
  • Free standing instruction.
  • Free Cheque book.
  • Free Real Time Mobile Top-up*(GP, Banglalink, Citycell, Airtel, Robi, Teletalk).

AB Minor

  • Current Valid Student Photo ID / Certificate from Head of Educational Institution with Photo/Current Valid Passport.
  • Birth Certificate/student ID card with birth certificate.
  • National ID / Current valid passport / Birth Certificate (with additional photo ID) of the Guardian.

AB Major

  • NID / Current Valid Student Photo ID / Certificate from Head of Educational Institution with Photo / Current Valid Passport.
  • Birth Certificate/student ID card with birth certificate
May 19, 2018

AB Bank ACCOUNT OPENING which Information and Metarials Needs

ACCOUNT OPENING

Photo Identification Document

Issuing Authority

National ID Card (Preferable)

Office of the Election Commission (EC)

Current valid Passport

Department of Immigration & Passports

Birth Certificate

or

Birth Certificate issued by City Corporations, Municipal Corporation, Union Parishad and other Competent Authorities

Local Currency Accounts

Savings/Current/SND Account
  • Duly filled Account Opening Form (to be signed by the Applicant in front of Bank’s Official)
  • Two copies of recent Passport Size Photograph of the Account holder(s) attested by the introducer
  • Copy of the Photo Identification Document (original to be presented for verification)
  • Proof of Address document (original to be presented for verification): Electricity Bill / WASA Bill / Gas Bill / Telephone Bill / Current Rent or lease Agreement / Certificate of Employer / Holding Tax receipt from City Corporation or Municipality / TIN or BIN Certificate
Proprietorship Business Account
  • Duly filled Account Opening Form (to be signed by the Applicant in front of Bank’s Official)
  • Personal Information Form (PIF) duly filled in
  • Two copies of Passport size photograph of the Proprietor duly attested by the introducer
  • Copy of valid Trade License issued by the local Govt. Authority (City Corporation, Municipality, Union Parishad etc.)
  • Permission from Bangladesh Bank in case of Buying House, indenting or other specific business where Bangladesh Bank and other relevant authority’s permission is necessary
  • e-TIN certificate, if available
Partnership Business Account
  • Duly filled Account Opening Form (to be signed by the Applicant in front of Bank’s Official)
  • Personal Information Form (PIF) duly filled in with all required documents for all the Partners /Shareholders as Beneficial Owners
  • Two copies of Passport size photograph of each signatory/Partner duly attested by the Introducer
  • Certified copy of Partnership Deed/Agreement
  • List of the Partners with Addresses
  • Extract of resolution of the partners Meeting mentioning the opening of account with AB Bank and signatories thereof
  • Copy of valid Trade License
  • Proof of the trading address of the business or partnership
  • Copy of Financial Statements
Limited Company Account
  • Duly filled in Account Opening Form to be signed by the assigned signatories (to be signed by the Applicant in front of Bank’s Official)
  • RJSC Certified copy of the Memorandum and Article of Association of the Company
  • RJSC Certified copy of Certificate of Incorporation and/or Certificate of Commencement as applicable.
  • Extract of the Board resolution, with intention to open the Account relationship with AB Bank Limited and empowering individuals with specimen signatures those who will operate the account
  • List of the Directors (Form-XII) certified by RJSC
  • Certificate of Membership from trade body e.g. Chamber of Commerce and Industry
  • Two copies of Passport size photograph of each signatory/Director duly attested by the Chairman or Company Secretary
  • Personal Information Form (PIF) duly filled in with all required documents of at least 5 Directors /Shareholders holding maximum number of shares or in case of less than 5 numbers of Directors PIF of all Directors/Shareholders/Executive Committee members (if applicable) as Beneficial Owners
  • Account to be introduced as per Bangladesh Bank guidelines
  • Copy of valid Trade License
  • Copy of Export/ Import License where the company is engaged in international trade
  • Personal Net worth Statement of all Directors of the company
  • Updated e-TIN Certificate of the Company as well as of all Directors and operators of the account
  • Audited financial statements for last 3 (three) years and in case of a newly constituted company its projected financial statements
  • Copy of latest Annual Returns submitted to the RJSC by the company
  • Copy of Tenancy Agreement to be attested by the Chairman or Company Secretary where Registered Office of the company is housed at a rented building

Foreign Currency Accounts

Private Foreign Currency Accounts

Eligibility

  • Bangladeshi nationals working /residing abroad (including dual nationality)
  • Foreign nationals residing abroad or in Bangladesh
  • Foreign firms registered abroad and operating in Bangladesh or abroad
  • Foreign missions and their expatriate employees.
  • Diplomatic Warehouse (Duty free shops) licensed by the Custom Authority
  • Local and Joint Venture contracting firms employed to execute projects by foreign /International donor agencies as per terms of the contract.
  • Resident Bangladeshi nationals working with the foreign /international organizations operating in Bangladesh with entitlement to receive salary in FCY.
  • Shipping Lines, Buying Houses, Money Exchanges of Bangladesh
  • Eligible currencies: USD, GBP, Euro, JPY

Required documents

Initial Deposit

Non–Resident Foreign Currency Deposit (NFCD) Account

Eligibility

  • Bangladeshi nationals working /residing abroad (including dual nationality)
  • Foreign nationals in Bangladesh or residing abroad
  • Foreign firms registered abroad, banks, other than financial institutions including institutional investors who are operating in Bangladesh or abroad and 100% foreign owned (A-Type) industrial units in the EPZ in Bangladesh.
  • Foreign missions and their expatriate employees.
  • Bangladesh nationals working with Embassies /High Commissions of Bangladesh in foreign countries.
  • Bangladeshi nationals working abroad under Government /semi Government Departments, Nationalized Banks and Corporate bodies.
  • Bangladeshi nationals working with international and regional agencies like IMF, IBRD, IDB, ADB, and WHO etc. during the period of their deputation abroad.
  • Resident Bangladeshi nationals working with the foreign /international organizations (e.g. International University of Technology (IUT)) operating in Bangladesh receiving salary in FCY.
  • Eligible currencies: USD, GBP, Euro, JPY

Required documents

Initial Deposit

Resident Foreign Currency Deposit (RFCD) Account

Eligibility

Customer resident in Bangladesh may open RFCD account with foreign exchange brought in at the time of their returns from travel abroad. Eligible currencies are USD, GBP, Euro, JPY.

Required documents

Account Operations

Convertible Taka Account

Eligibility

  • Foreign Nationals, Organizations, Diplomatic missions, UN organizations, Non-profit international bodies
  • Foreign contractors and consultants engaged for specific project under the Government or semi Government agencies
  • Expatriate employees of the above noted missions/ organizations residing in Bangladesh.
  • Foreign airlines and shipping lines operating in Bangladesh.
Non–Convertible Taka A/C

Eligibility

  • Foreign Nationals, Foreign organizations, UN organizations
  • Diplomatic missions
  • Non-profit international bodies.
  • Foreign contractors and consultants engaged for specific project under the Govt. or semi Govt agencies
  • Expatriate employees of the above noted missions/ organizations residing in Bangladesh.
  • Foreign airlines and shipping lines operating in Bangladesh.

Note:

  • The proceeds of the Non-convertible Taka account may be utilized to meet the local expenses in Taka only.
  • Conversion of any amount from this account in to FC is not allowed
  • Transfer of any amount into any convertible A/C is also not allowed
Resident Investor’s Taka Account (NITA)

Eligibility

All of the below mentioned individuals /concerns may open a Non-Resident Investor’s Taka Account (NITA) to buy Bangladeshi shares & securities etc.

  • Bangladeshi nationals residing abroad (including dual nationality)
  • Foreign nationals residing abroad or in Bangladesh
  • Foreign firms registered abroad and operating in Bangladesh or abroad

Required documents

Account Operation

Non-Resident Taka Account (NRTA)

Eligibility

  • Companies or firms residing outside Bangladesh.
  • Bangladeshi nationals residing outside Bangladesh for the purpose of employment, study, business tour, pleasure trip etc.

Opening of a non-resident Taka Account

Account Operation

Foreign National’s Taka Account

Eligibility

  • Foreign nationals residing in Bangladesh
  • Companies or firms (other than bank) whose head office or controlling office is outside Bangladesh but have operation in Bangladesh.
  • Prior approval of Bangladesh Bank is not required for opening the account.

Required Documents

Temporary Non-Resident Taka Account (TNRTA)
May 19, 2018

Debit Card - AB Bank Limited

Who can apply for a Debit Card?

If you are maintaining an account with ABBL, you will be able to have ABBL Visa Debit Card. Please visit AB Bank branch from where you opened the account, fill up the Application Form and submit it. You will receive your card within 7 working days.

Card Activation
  • After receiving the card, sign the acknowledgement slip and send it to your home branch for activation.
  • Put your signature with a ball point pen on the signature panel at the back of your card.
Caution During Making Transactions
  • Please do not let your card be taken out of your sight at any merchant outlet to prevent possible Misuse.
  • After using your card at a merchant outlet, please ensure that the card returned to you is yours.
  • Before signing the Sales Slip, check the amount charged
  • Retain your copy of the Sales Slip of all transactions until they appear in your Card Account Statement for your future reference
PIN Maintenance
  • Destroy the PIN mailer after memorizing your PIN
  • Do not write the PIN on the card or keep the PIN inside your wallet
  • Change the PIN preferably every month
Highest Cash Withdrawal Facility
  • AB bank Debit Card comes with per day Tk. 2,00,000/- cash withdrawal facility.
Highest Purchase Limit
  • At Branch POS Cardholder can withdraw BDT 3,00,000/- per day. At Merchant POS, Retail purchase limit is BDT 2,50,000/- per day for AB Bank Debit Card.
For Lost/Stolen Card

To report and replacement of your lost/stolen Debit Card, please call our eBiz Customer Support at 16207 or +88 096789 16207 or email at [email protected] or visit any nearest Branch.  Your card will be replaced within 2-3 working days and will be sent to your Branch.

Change of Contact Details
  • Please contact your nearest AB Branch. Our Customer Support Officer (CSO) will assist you.

 

May 19, 2018

World MasterCard - AB Bank Limited

Worldwide Acceptance

Enjoy the best benefits on your AB Bank World MasterCard Credit Card with every use. AB Bank World MasterCard Credit Card is accepted at over 40,000,000 (40 Million) merchant points and over 2,000,000(2 Million) ATMs both within and outside Bangladesh. This card can be used for regular purchase ranging from Super Stores, Hotels, Restaurants, Airlines, Hospitals, Jewelry to Electronics and Computer Shops.

Maximum Credit Limit

Considering the affluent segment of the society, AB Bank World MasterCard Credit Card is designed to offer the maximum credit limit of BDT 10,00,000 in accordance as per Bangladesh Bank guidelines.

Supplementary Card

At AB Bank Limited, you and your family are our highest priority. That is the reason, we offer you the opportunity to share your credit card benefits with your loved ones by availing free supplementary AB Bank World MasterCard Credit Card for them. A supplementary AB Bank Credit Card offers the following features:

  • The supplementary credit card holder can share all your credit card benefits and features, such as dining and shopping privileges, airport lounge access, Priority Pass and much more.
  • Control the monthly spending of the supplementary credit card(s) by setting a specific limit for each supplementary card.
  • Easily monitor your monthly expenses through your monthly statement, which shows the amounts spent on the main credit card and each supplementary credit card. Besides, both the primary and supplementary credit cardholders receive an SMS and email notification after every transaction.
Immediate Cash Advance Facility

Some of life’s surprises arise at the most unexpected moments. Treat your AB Bank MasterCard Credit Card as your instant source for cash. You can use it to get emergency cash when you need it most. To meet your immediate cash requirement, AB Bank MasterCard Credit Card’s cash advance facility allows you to withdraw instant cash from any AB Bank ATM and MasterCard ATMs across Bangladesh and at any ATM locations worldwide which has the MasterCard logo. You can withdraw up to 50% of your credit limit through this facility.

Balance Transfer

With the AB Bank Credit Card Balance Transfer Facility, you have the opportunity to pay off balances which you owe to other banks through your AB Bank Credit Card, on an affordable transfer rate.

Complimentary Access to Balaka Lounge at Hazrat Shahjalal International Airport, Dhaka

As a valued customer AB Bank World MasterCard Credit Card gives you complimentary access to the comfort of Balaka Business Lounge at Hazrat Shahjalal International Airport, Dhaka. This free usage facility is extended to you and one travel companion.

Priority Pass Airport Lounge Access

We know your travel schedule tends to be hectic. We at AB Bank Ltd, invite you to experience the privilege of being a Priority Pass member. The Priority Pass Membership programme is the world’s largest independent airport lounge access program offered through Priority Pass to all AB Bank World MasterCard Credit Cardholders. Priority Pass Membership allows you access at over 1000+ VIP lounges in more than 130 countries and 500 cities worldwide, regardless of which class or airline you fly.

For the updated list of lounges, please go to lounge finder on www.prioritypass.com or simply download Priority Pass apps on smart phones for easy retrieval before travelling.

Great Discounts & 0% interest EMI

AB Bank Credit Card along with MasterCard offers a world of exciting discounts whether for shopping, fine dining, or world class travelling. In Bangladesh, over 1100 merchant outlets are offering fabulous discounts and/or zero percent interest EMI to AB World MasterCard Credit Cardholders.  This will allow you not only to save money but also you can shop more with the money saved.  The number of merchants offering discounts is increasing every day to cater to your growing needs.

 

Transaction Alert via SMS and Email

With the transaction alert service, you can keep track of every transaction made through your Credit Card via SMS and even via Email. Moreover, you will get Credit Card’s mini statement details instantly without postal delays.

24-hour Call Centre

Our Call Centre is accessible 24 hours a day, 7 days a week, 365 days a year, from anywhere in the world. For any enquiry on your AB Bank Credit Card, simply call at 16207 (From Mobile Phone), 096789 16207.

Statement via Email

Receive your statement as soon as it is available. No need to wait for 7 to 14 days of postal delivery. E-Statement is a digital version of your paper statements. You will receive your credit card statement in a password-protected file through your email. It eliminates waiting for your printed statements as well as storing and filing of the statements.

Flexible Payment Options

You have the flexibility to pay your monthly Credit Card bill by cash, cheque or by debiting your AB Bank Savings or Current Account. You also have the options to :

  • pay the total amount due or
  • pay as little as 5% of your outstanding balance (or Tk 500, whichever is higher) which is the minimum due amount or
  • pay any amount ranging from minimum amount due to the total amount due

You can pay every month within 15 days after each billing date and thus you have the power and flexibility to plan your payments.

MasterCard Privileges

World MasterCard empowers you to pursue your dreams, wherever they take you. Take a memorable adventure and enter our world of carefully-curated opportunities, where unique experiences give you a new perspective. Explore our favourite premium merchants and get inspired by our selection of travel benefits.

Privileged Access Program

Be the first to enjoy new experiences with the World MasterCard Experience Program which changes bi-monthly:

  • Distinctive travel selections
  • Epicurean delights and unique dining experiences
  • Access to member-only golf courses

For more details, please visit the World MasterCard website at worldcard.mastercard.com.

Privileged Travel & Accommodation

Make your next vacation memorable. As a World MasterCard cardholder, your benefits include:

  • Hotel benefits – Find the perfect accommodation from a unique collection of exceptional hotels and resorts. Enjoy the best prices available at the time of booking+, room upgrades, late check-out (each subject to availability), complimentary breakfast, other special amenities.
  • Cruise benefits – Cruise around the world in the world’s finest luxury ships. Treat yourself to shipboard credits of USD 200 per cabin (or of equivalent value) on select sailings.
  • Train benefits – Relive the golden age of travel through luxury train services taking you through some of the world’s most beautiful landscapes. Benefit from complimentary hotel stays at either your departure or destination city; or complimentary cabin upgrades on the train and more.

Exclusive Rent-A- Car

World MasterCard cardholders’ benefits include:

  • Complimentary HERTZ Gold Plus Rewards membership
  • 10% off for all car groups (excludes Dream Cars) with minimum 1 day rental
  • 10% off + Free two-car- class upgrade with minimum 4 days rental (subject to availability)

Visit www.happartners.com/mastercard to book your car today.

Global Golf Course Access

Get closer to the game like never before
As a World MasterCard® cardholder, you are automatically a member of a very exclusive club. Now this membership extends even further – to some of the most celebrated and legendary golf properties in the world. Play on world-famous TPC courses and receive on site perks at PGA TOUR events.

May 19, 2018

Titanium MasterCard - AB Bank Limited

Worldwide Acceptance

Enjoy the best benefits on your AB Bank Titanium MasterCard Credit Card with every use. AB Bank Titanium MasterCard Credit Card is accepted at over 40,000,000 (40 Million) merchant points and over 2,000,000 (2 Million) ATMs both within and outside Bangladesh. This card can be used for regular purchase ranging from Super Stores, Hotels, Restaurants, Airlines, Hospitals, Jewelry to Electronics and Computer Shops.

 

Maximum Credit Limit

Considering the target customer segment, AB Bank Titanium MasterCard Credit Card is designed to offer the maximum credit limit of BDT 10,00,000 in accordance with Bangladesh Bank guidelines.

 

Supplementary Card

At AB Bank Limited, you and your family are our highest priority. That is the reason, we offer you the opportunity to share your credit card benefits with your loved ones by availing free supplementary AB Bank Titanium MasterCard Credit Card for them. A supplementary AB Bank Credit Card offers the following features:

  • The supplementary credit card holder can share all your credit card benefits and features, such as dining and shopping privileges, airport lounge access, Priority Pass and much more.
  • Control the monthly spending of the supplementary credit card(s) by setting a specific limit for each supplementary card.
  • Easily monitor your monthly expenses through your monthly statement, which shows the amounts spent on the main credit card and each supplementary credit card. Besides, both the primary and supplementary credit cardholders receive an SMS and email notification after every transaction.

 

Immediate Cash Advance Facility
Some of life’s surprises arise at the most unexpected moments. Treat your AB Bank Titanium MasterCard Credit Card as your instant source for cash. You can use it to get emergency cash when you need it most.To meet your immediate cash requirement, AB Bank MasterCard Credit Card’s cash advance facility allows you to withdraw instant cash from any AB Bank ATM and MasterCard ATMs across Bangladesh and at any ATM locations worldwide which has the MasterCard logo. You can withdraw up to 50% of your credit limit through this facility.
Balance Transfer
With the AB Bank Titanium Credit Card Balance Transfer Facility, you have the opportunity to pay off balances which you owe to other banks through your AB Bank Titanium Credit Card, on an affordable transfer rate.
Complimentary Access to Balaka Lounge at Hazrat Shahjalal International Airport,Dhaka
As a valued customer AB Bank Titanium MasterCard Credit Card gives you complimentary access to the comfort of Balaka Business Lounge at Hazrat Shahjalal International Airport, Dhaka.
Great Discounts & 0% interest EMI
AB Bank Credit Card along with MasterCard offers a world of exciting discounts whether for shopping, fine dining, or world class travelling. In Bangladesh, over 1100 merchant merchant outlets are offering fabulous discounts and/or zero percent interest EMI to AB Titanium MasterCard Credit Cardholders. This will allow you not only to save money but also you can shop more with the money saved. The number of merchants offering discounts is increasing every day to cater to your growing needs.
Transaction Alert via SMS and Email
With the transaction alert service, you can keep track of every transaction made through your Credit Card via SMS and even via Email. Moreover, you will get Credit Card’s mini statement details instantly without postal delays.
24-Hour Call Centre
Our Call Centre is accessible 24 hours a day, 7 days a week, 365 days a year, from anywhere in the world. For any enquiry on your AB Bank Credit Card, simply call at 16207 (From Mobile Phone), 096789 16207.
Statement via Email
Receive your statement as soon as it is available. No need to wait for 7 to 14 days of postal delivery.E-Statement is a digital version of your paper statements. You will receive your credit card statement in a password-protected file through your email. It eliminates waiting for your printed statements as well as storing and filing of the statements.
Flexible Payment Options
May 19, 2018

Gold MasterCard - AB Bank Limited

Worldwide Acceptance

Enjoy the best benefits on your AB Bank Gold MasterCard Credit Card with every use. AB Bank Gold MasterCard Credit Card is accepted at over 40,000,000 (40 Million) merchant points and over 2,000,000(2 Million) ATMs both within and outside Bangladesh. This card can be used for regular purchase ranging from Super Stores, Hotels, Restaurants, Airlines, Hospitals, Jewelry to Electronics and Computer Shops.

Maximum Credit Limit

Considering the target customer segment, AB Bank Gold MasterCard Credit Card is designed to offer the maximum credit limit of BDT 5,00,000 in accordance with Bangladesh Bank guidelines.

Supplementary Card

At AB Bank Limited, you and your family are our highest priority. That is the reason, we offer you the opportunity to share your credit card benefits with your loved ones by availing free supplementary AB Bank Gold MasterCard Credit Card for them. A supplementary AB Bank Credit Card offers the following features:

  • The supplementary credit card holder can share all your credit card benefits and features, such as dining and shopping privileges, airport lounge access, Priority Pass and much more.
  • Control the monthly spending of the supplementary credit card(s) by setting a specific limit for each supplementary card.
  • Easily monitor your monthly expenses through your monthly statement, which shows the amounts spent on the main credit card and each supplementary credit card. Besides, both the primary and supplementary credit cardholders receive an SMS and email notification after every transaction.
Immediate Cash Advance Facility

Some of life’s surprises arise at the most unexpected moments. Treat your AB Bank Gold MasterCard Credit Card as your instant source for cash. You can use it to get emergency cash when you need it most. To meet your immediate cash requirement, AB Bank MasterCard Credit Card’s cash advance facility allows you to withdraw instant cash from any AB Bank ATM and MasterCard ATMs across Bangladesh and at any ATM locations worldwide which has the MasterCard logo. You can withdraw up to 50% of your credit limit through this facility.

Balance Transfer

With the AB Bank Gold Credit Card Balance Transfer Facility, you have the opportunity to pay off balances which you owe to other banks through your AB Bank Gold Credit Card, on an affordable transfer rate.

Great Discounts & 0% interest EMI

AB Bank Credit Card along with MasterCard offers a world of exciting discounts whether for shopping, fine dining, or world class travelling. In Bangladesh, over 1100 merchant outlets are offering fabulous discounts and/or zero percent interest EMI to AB Gold MasterCard Credit Cardholders. This will allow you not only to save money but also you can shop more with the money saved. The number of merchants offering discounts is increasing every day to cater to your growing needs.

AB Bank Exclusive Discount Partners

Transaction Alert via SMS and Email

With the transaction alert service, you can keep track of every transaction made through your Credit Card via SMS and even via Email. Moreover, you will get Credit Card’s mini statement details instantly without postal delays.

24-hour Call Centre

Our Call Centre is accessible 24 hours a day, 7 days a week, 365 days a year, from anywhere in the world. For any enquiry on your AB Bank Credit Card, simply call at 16207 (From Mobile Phone), 096789 16207.

Statement via Email

Receive your statement as soon as it is available. No need to wait for 7 to 14 days of postal delivery. E-Statement is a digital version of your paper statements. You will receive your credit card statement in a password-protected file through your email. It eliminates waiting for your printed statements as well as storing and filing of the statements.

Flexible Payment Options

You have the flexibility to pay your monthly Credit Card bill by cash, ch

Friday, May 18, 2018

May 18, 2018

Personal Overdraft by AB Bank

Name

Personal Overdraft

Description
To meet personal requirement of fund
Loan Amount
Loan Amount Maximum 95% of the present value of the security
Tenure
Revolving with annual review
Interest Rate
Charges Processing fee: Tk. 1000/- Rate of Interest For ABBL FDR, 3% higher than the rate of deposit
12.00 % p.a. -15.00 % p.a. (for other Bank FDR)
Conditions
Security Lien over FDR, ICB Unit Certificate, RFCD, NFCD, CD account(s) etc. One personal guarantee in case of third party cash collateral
May 18, 2018

Personal Loan (Personal Banking Loan Products) by AB Bank

Name

Personal Loan (Personal Banking Loan Products)

Description
Personal loan may be availed for any purpose deemed appropriate for lifestyle and personal exigencies including purchase of household items, marriage, travel, medical treatment, CNG conversion, Festival, renovation etc.
Loan Amount
Minimum Tk. 50,000/-
Maximum Tk. 5,00,000/- ( upto Tk. Ten lac covered by tangible security acceptable to the bank.)
Tenure
Min 12 months
Max 36 months
Max 60 months (for house/office renovation loan)
Interest Rate
14.50% p.a. – 17.50% p.a. Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount or Tk. 2000/- whichever is higher
Conditions
Security Hypothecation of the product to be purchased.
Guarantee Personal guarantee of spouse/parents only.
May 18, 2018

Personal Loan (Secured Loan) by AB Bank

Name

Personal Loan (Secured Loan)

Description
To meet personal requirement of fund
Loan Amount
Maximum 95% of the present value of the security
Tenure
Min 12 months
Max 36 months
Interest Rate
Charges Processing fee: Tk. 1000/-

Rate of Interest For ABBL FDR, 3% higher than the rate of deposit
12.00 % p.a. -15.00 % p.a. (for other Bank FDR)

Conditions
Security Lien over FDR, ICB Unit Certificate, RFCD, NFCD, CD account(s) etc. One personal guarantee in case of third party cash collateral
May 18, 2018

Home Loan by AB Bank

Name

Home Loan

Description
1. Purchase of apartment/house within the Municipal areas of town/cities in Bangladesh.
2. Purchase of independent house not more than 5 years old.
3. Completion of construction of a new house.
Loan Amount
– BDT 500,000/- to BDT 1,00,000,00/-
– Maximum 80% of the value of the flat or construction cost for completion
Tenure
3 to 15 Years
Interest Rate
13.00% p.a.
Conditions
Security Registered mortgage of property supported by a registered irrevocable general power of attorney
Guarantee Personal guarantee of spouse/ parents/legal heir
Details
Charges Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount
May 18, 2018

Education Loan (for executive) by AB Bank

Name

Education Loan (for executive)

Description
To assist Executives pursue Higher Studies/professional qualification at local/overseas institutions
Loan Amount
Tk. 50,000/- to Tk. 5,00,000/-
(upto Tk.Ten lac covered by tangible security acceptable to the bank)
Tenure
12 to 48 months
Interest Rate
14.50% p.a. – 17.50% p.a.
Conditions
Guarantee Personal guarantee of spouse/parents
Details
Charges Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount or Tk. 1000.00 whichever is higher