Karmasangsthan Bank Savings Deposit

Table of Contents

Karmasangsthan Bank is a government-owned specialized financial institution in Bangladesh that primarily focuses on providing financial services to the underprivileged and marginalized sectors of society. The bank offers various savings and deposit products to cater to the financial needs of its customers.

Key Features

Deposited Amount: Any Amount

Interest Rate: 3.50% (Changeable)

Deposit System:
a) The account can be opened on any working day of the month.
b) Taka can be deposited through cash/check.

Required Papers for Opening an Account:
Accounts can be opened in any branch of Karmasangstan Bank.

Two (2) copies of passport-size photographs.
Nominee: One (1) copy of passport-size photograph.
Photocopy of National ID/Passport.
Nationality certificate signed by Union/Upazila Parishad Chairman/City Corporation (Mayor).
A customer of the bank has to be given an identity.
The applicant should apply in the prescribed form with a filled-up KYC form.
TIN certificate (if any).
Other papers (if needed).

Frequently Asked Questions (FAQs) of Karmasangsthan Bank Savings Deposit

Q1: How do I open a savings deposit account with Karmasangstan Bank?
A1: To open a savings deposit account, visit any branch of Karmasangstan Bank and provide the required documents as mentioned in the account opening section.

Q2: Can I deposit any amount in my savings deposit account?
A2: Yes, you can deposit any amount you choose into your savings deposit account.

Q3: What is the current interest rate for the savings deposit account?
A3: The current interest rate is 3.50%, but it may change over time. Please check with the bank for the most up-to-date rate.

Q4: Can I open an account on any working day of the month?
A4: Yes, you can open an account on any working day of the month.

Q5: What documents are required for opening an account?
A5: You’ll need two passport-size photographs, one for the nominee, a photocopy of your National ID or Passport, a nationality certificate, and a filled-up KYC form. You may also need a TIN certificate if applicable.

Q6: Can I open an account in any branch of Karmasangstan Bank?
A6: Yes, you can open an account in any branch of the bank.

Q7: Are there any other required documents apart from those listed?
A7: Depending on your specific situation, you may need additional documents. Please check with the bank for any other requirements.