Jamuna Bank Payroll Banking

Table of Contents

Jamuna Bank’s Payroll Banking is a comprehensive platform designed for multinational corporations, large corporate entities, and organizations of all sizes, providing effortless payroll service management with just a few clicks. It caters not only to the organizations but also to their employees, offering a diverse range of personal banking services. These services include Payroll Accounts, Debit Cards, and Credit Cards, along with a unique package of retail loan products and other financial services, all available at preferential prices.

Key Features of Payroll Account:

It’s a standard bank account used for salary deposit, with the option for other fund deposits and availing overdraft (OD) facility against Earned Salary.
Interest is calculated on the daily Credit/Debit balance in the account.
Accessible through Mobile Wallet, Internet Banking, and Apps.
Includes Debit Card, Cheque Book, and Internet banking service.
Eligible for Credit Card as per existing rules.
Provides SMS Alert & Call Center facility.
Offers fund transfer or payments facility through BEFTN, RTGS, and MFS.
Allows for generating and downloading transaction reports from Mobile wallet/Apps.
Provides Online Cheque requisition and Positive Pay Instruction for Issued Cheques.
Enables real-time Transaction Monitoring and Payments to Payroll Account and Card.
Offers a secure web-based upload solution with a security device (OTP) to execute transactions.

Eligibility:

Organization criteria:

Open to any Multinational Companies, Large Corporate Houses, Local/Foreign NGOs, Small and Medium Enterprises/Institutions (Proprietorship, Partnership & Limited Company), Schools, Colleges, Clubs, Societies, Local Authorities, and other organizations operating in Bangladesh.
Requires at least 10 accounts to be enrolled by staff/employees.

Employee criteria:

Open to adult Bangladeshi and/or foreigners with valid VISA and work permit in Bangladesh.
Applicants must be 18 years of age or older.

Privilege/Benefits:

Organization Benefits:

Provides a dedicated Payroll Support team to handle inquiries and complaints.
Offers automated Salary and Allowance disbursement.
No processing fee or salary transfer charge.
Option for opening Employee’s PF Account under company name or individual staff name.
Priority Banking service.

Individual Benefit:

Allows zero balance account opening.
No minimum account balance required.
Waiver on account maintenance Fee.
Provides free online banking services.
Easy access to account and transactions through digital wallet.
Offers unlimited transactions & E-Statement facility.
Waiver on Debit Card & Cheque Book issue Fee.
Waiver on Credit Card Annual Fee.
Provides preferential interest rates and processing fee on Retail Loans.
Countrywide connectivity by NPSB to meet the financial service needs of diverse client base.
Offers special training on financial literacy and free financial advisory service.

FAQs on Jamuna Bank Payroll Banking

Q: What is Payroll Banking offered by Jamuna Bank?
A: Payroll Banking by Jamuna Bank is a comprehensive platform designed to manage payroll services efficiently for multinational corporations, large corporate entities, and organizations of all sizes.

Q: Who can benefit from Jamuna Bank’s Payroll Banking?
A: Both organizations and their employees can benefit from Jamuna Bank’s Payroll Banking services.

Q: What services are included in Jamuna Bank’s Payroll Banking package?
A: Jamuna Bank’s Payroll Banking package includes Payroll Accounts, Debit Cards, Credit Cards, and a unique range of retail loan products and financial services.

Q: What are the advantages of using Jamuna Bank’s Payroll Banking for organizations?
A: Organizations can enjoy streamlined payroll management processes, preferential pricing, and dedicated support from Jamuna Bank’s Payroll Banking team.

Q: Can employees access personal banking services through Jamuna Bank’s Payroll Banking?
A: Yes, employees can access various personal banking services, including Payroll Accounts, Debit Cards, Credit Cards, and retail loan products, through Jamuna Bank’s Payroll Banking platform.

Q: Are there any special benefits for employees using Jamuna Bank’s Payroll Banking?
A: Yes, employees can benefit from preferential pricing, waived fees on certain services, and access to a range of financial products tailored to their needs.

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