This product enables the customers to meet emergency cash needs against security of Fixed Deposit Receipt (FDR) of BRAC Bank Limited (BBL) issued in the name of Probashi. The applicant can avail himself of the overdraft facility up to 90% of the value of the FDR. The beneficiary will receive the benefit of the OD against the FDR duly authorized/discharged in favor of BBL by the Probashi (the holder of the FDR). Fixed Deposit Receipt under IFFD can be accepted as security. Overdraft limit will be granted/sanctioned up to 90% of IFFD value less the amount of interest already paid in advance.

Probashi super saver Account

• Free online banking facility
• OD sanction against 90% value of Fixed Deposit Receipt (FDR) of BRAC Bank Limited (BBL) in the name of Probashi.
  
• Interest will be charged at 13.5% on OD amount (subject to change by ALCO from time to time)
• Free Co-branded ALICO Card will be issued in the name of the applicant on request/application.

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• Any NRB who is 18 years of old can open this account. {A minor (below 18 years of age) can open an account, but along with his legal guardian.}
• The NRB Should have legal resident / work permit.
• Any NRB customer’s who holds a Probashi savings/current Account and has FDR with Our Bank is eligible to have the OD for his beneficiary.
  
• The Beneficiary also needs to have Probashi Subidha Account.
  

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For Individual/Joint Account:

Document for Proof of Iidentification:

• 3 copies of passport size photo
• Photocopy of the first 6 pages of valid passport
• Photocopy of the valid work permit/employment visa (duly attested)

At Least one of the Following Documents (Photocopy):

• Utility Bill
• Driving License
• Residence Permit (Govt. issued Identity card)
• Credit Card Bills
• Rent Receipt
• Overseas Bank Statement
• Work ID
• Pay Slip

Proof of Address:

• Address on Passport
• Overseas Bank Statement (bank passbook will not be considered as a valid address proof)
• Rent Receipt along with duly stamped / registered lease deed. Lease deed should be valid as on date of account opening.
• Letter from existing banker, this letter should clearly specify that the mentioned address is the customer’s communication address and period of relationship with the bank which should be more than 3 months
• Utility Bill, i.e. Electricity Bill, Landline telephone bill, Gas connection Bill, Water connection Bill.
• Driving license, ID issued by Government.

Along with this documents the below documents also should be submitted:

• Any proof of local address if the mailing address is the local address
  
• Duly filed up Shubidha Account form for Beneficiary
• 3 Passport sized photographs of beneficiary
• Letter of Lien duly filed in and signed
• Proof of Identification specified by the NRB
• Proof of mailing Address of Beneficiary
• Application form duly completed and signed
• Stamped Demand Promissory Note duly filed and signed
• Third Party letter of Lien duly filed in and signed by third party
• Dated Letter signed
• Undated Letter signed
• Letter of set-off over credit balances in customer’s other accounts in the Bank signed
• Original receipt of Fixed Deposit signed and surrendered
• Letter of offer duly accepted by customers and signed

 

 

 

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1.What is Probashi Super Saver Scheme?

• Probashi super saving scheme is a link to the existing Probashi Savings/Current and Probashi Shubidha account with an OD. This product enables customers to benefit from interest both from savings and FDR account with overdraft facility of up to 90% of the value of the Fixed Deposit.

2. What is the tenor for the FDR and Loan?

• FDR can be deposited for 1 year to 3 years. The OD/Loan can be availed for maximum 3 years.

3. Can I give a Mandate to a Resident Bangladeshi to operate my Probashi Accounts?

• A Mandate is given only for operating the account & not for opening the account. Further, the operations are restricted only for making legitimate local payments.
• Under no circumstance is the Mandate Holder allowed to repatriate the funds abroad or make payments or gifts on behalf of the Probashi Bangladeshi account holder.

 

4. Can Mandate Holders credit proceeds of foreign currency notes / bank notes & travelers Cheques to the Probashi Accounts?

• No.

 

5. What is the exchange risk that I'm exposed to under the different accounts?

• Since Probashi accounts are held in Taka, you will bear the exchange risk if the Taka depreciates and if you want to make an outward remittance (in line with exchange control regulations stipulated by Bangladesh Bank).

 

6. Can I repatriate funds back to foreign country from my Probashi Accounts?

• No.

 

7. Can I open joint Account with a resident Bangladeshi?

• Yes.

 

8. Shall I be liable to pay government tax on interest income from Probashi Accounts?

• Yes. Currently it is 10% on the interest income.

 

9. Shall I liable to pay Government Excise Duty on my Probashi Accounts?

• Yes.

 

10. What we need from the Exchange Companies?

• 3 copies of passport size photo
• Photocopy of the first 6 pages of valid passport
• Photocopy of the valid work permit/employment visa (duly attested)
• At least one of the following documents (photocopy): Utility Bill, Driving License, Residence Permit (Govt. issued Identity card), Credit Card Bills, Rent Receipt, Overseas Bank Statement, Work ID, Pay Slip
• Designated signatory from each branch of the exchange companies (scanned version) in order to validate the attestation.

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Account Opening Forms :

• Probashi Account Opening Form
• Additional Account Opening Form
• Probashi Mandate Letter
• Probashi Change of Address

Other Ways to Apply:

• Call Us
• Visit Our Branch

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