dhaka bank Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

dhaka bank Account Types Explained

Dhaka Bank offers a variety of account types tailored to meet the diverse needs of its customers. Below is a comprehensive overview of the available account types:

1. Current Account

• Minimum Deposit Requirement: Low minimum deposit
• Key Features: Free debit card, suitable for businesses and institutions
• Target User Profile: Proprietorship businesses, public & private limited companies, partnerships
• Trading Instruments Available: Not applicable (primarily for banking transactions)

2. Savings Account

• Minimum Deposit Requirement: Low minimum deposit
• Key Features: Free ATM card, lower yearly service charge
• Target User Profile: Individuals looking for a simple savings solution
• Trading Instruments Available: Not applicable

3. Bundle Savings Account

• Minimum Deposit Requirement: Low minimum deposit
• Key Features: Free credit card and easy loan facilities, interest calculated on daily balance
• Target User Profile: Salaried individuals and professionals
• Trading Instruments Available: Not applicable

4. Joma Savings Account

• Minimum Deposit Requirement: Low minimum deposit
• Key Features: Designed for children, encourages savings habits
• Target User Profile: Parents looking to save for their children
• Trading Instruments Available: Not applicable

5. Fixed Deposit Receipt (FDR)

• Minimum Deposit Requirement: Varies based on tenure
• Key Features: Higher interest rates compared to regular savings accounts
• Target User Profile: Individuals looking for secure investment options
• Trading Instruments Available: Not applicable

6. RFCD Account (Resident Foreign Currency Deposit)

• Minimum Deposit Requirement: Varies
• Key Features: For non-resident Bangladeshis to maintain foreign currency accounts
• Target User Profile: Non-resident Bangladeshis
• Trading Instruments Available: Not applicable

7. Islamic Banking Accounts

• Minimum Deposit Requirement: Varies
• Key Features: Compliant with Shariah principles, no interest charged
• Target User Profile: Individuals seeking Islamic banking solutions
• Trading Instruments Available: Not applicable

8. Short Notice Deposit Account

• Minimum Deposit Requirement: Varies
• Key Features: Requires a short notice period for withdrawals
• Target User Profile: Individuals looking for flexible savings options
• Trading Instruments Available: Not applicable

9. Deposit Pension Scheme

• Minimum Deposit Requirement: Varies
• Key Features: Designed for retirement savings
• Target User Profile: Individuals planning for retirement
• Trading Instruments Available: Not applicable

10. Special Deposit Scheme

• Minimum Deposit Requirement: Varies
• Key Features: Offers special interest rates for specific tenures
• Target User Profile: Individuals looking for fixed-term savings
• Trading Instruments Available: Not applicable

Account Type Comparison Table

Detailed dhaka bank Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit: Ranges from low to varying amounts depending on the account type.
• Maximum Leverage: Not applicable as these are banking accounts, not trading accounts.
• Spreads (Typical/Minimum): Not applicable.
• Commission Fees: Generally low or none for banking accounts.
• Lot Size (Micro/Mini/Standard): Not applicable.
• Available Trading Platforms: Not applicable.
• Execution Type: Not applicable.
• Islamic Account Availability: Available under Islamic Banking Accounts.
• Swap-Free Options: Available in Islamic accounts.
• Demo Account Features: Not applicable.

Advantages and Disadvantages of Each Account Type

Current Account

• Advantages:
• Low minimum deposit
• Free debit card
• Suitable for business transactions
• Disadvantages:
• Limited interest earning potential

Savings Account

• Advantages:
• Low service charges
• Free ATM card
• Disadvantages:
• Lower interest rates compared to FDR

Bundle Savings Account

• Advantages:
• Daily interest calculation
• Free credit card
• Disadvantages:
• May have higher fees than standard savings accounts

Fixed Deposit Receipt

• Advantages:
• Higher interest rates
• Safe investment
• Disadvantages:
• Funds are locked for a set period

Islamic Banking Accounts

• Advantages:
• Compliant with Shariah
• No interest charged
• Disadvantages:
• Limited product offerings compared to conventional accounts

dhaka bank Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old to open an account independently.
• Geographic Restrictions: Available to residents and non-residents of Bangladesh.
• Prohibited Countries: Specific countries may have restrictions based on regulatory compliance.
• Identity Verification Documents Needed: National ID (NID) or passport.
• Proof of Residence Requirements: Utility bill or similar document.
• Additional Documentation for Professional Accounts: Trade license, partnership deed, etc.

KYC/AML Compliance Procedures

• Customers must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as per regulatory requirements.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step dhaka bank Account Opening Guide

Registration Process

1. Visit Website: Go to the Dhaka Bank website.
2. Click Registration: Find the account opening section.
3. Personal Information Entry: Fill in personal details including name, address, and contact information.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Not applicable for banking accounts.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the bank to verify the submitted documents.
8. Fund Your Account: Deposit the minimum required amount to activate the account.
9. Start Banking: Access your account through online banking or visit a branch.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile apps may offer additional features for convenience.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are in the correct format and size.
• Issue: Delays in verification.
• Solution: Contact customer service for updates.

Average Account Approval Time

• Typically, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Customers can request changes through customer service or by visiting a branch.

dhaka bank Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice banking transactions.
• Allows users to familiarize themselves with the banking platform.

How to Open a Demo Account

• Visit the Dhaka Bank website and navigate to the demo account section to register.

Demo Account Limitations

• Limited features compared to live accounts.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance for practice purposes.

Demo vs Live Account Differences

• Demo accounts do not involve real money transactions.

Duration/Expiry of Demo Accounts

• Demo accounts may have a set expiry date, usually ranging from 30 to 90 days.

dhaka bank Islamic Account Details

Swap-Free/Islamic Account Availability

• Dhaka Bank offers Islamic accounts that comply with Shariah principles.

Eligibility Requirements

• Must provide necessary documentation as per Islamic banking guidelines.

Differences from Standard Accounts

• Islamic accounts do not involve interest and are structured around profit-sharing.

How to Apply for Islamic Account

• Customers can apply through the banks website or at a branch.

Restrictions or Special Conditions

• Specific conditions may apply based on Islamic banking regulations.

FAQs – dhaka bank Account Types & Opening

1. What account types does dhaka bank offer？

• Dhaka Bank offers Current Accounts, Savings Accounts, Bundle Savings Accounts, Joma Savings Accounts, Fixed Deposit Receipts, RFCD Accounts, Islamic Banking Accounts, Short Notice Deposit Accounts, Deposit Pension Schemes, and Special Deposit Schemes.

1. What is the minimum deposit for each account type？

• Minimum deposits vary; Current and Savings Accounts typically have low minimum deposits, while Fixed Deposit Receipts vary based on tenure.

1. How long does dhaka bank account verification take？

• Verification typically takes 1-3 business days.

1. Does dhaka bank offer demo accounts？

• Yes, Dhaka Bank provides demo accounts for practice.

1. Can I have multiple account types with dhaka bank？

• Yes, customers can hold multiple account types.

1. Does dhaka bank offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available that comply with Shariah principles.

1. What documents do I need to open a dhaka bank account？

• Required documents include NID or passport, proof of residence, and additional documents for specific account types.

1. Can I change my account type after registration？

• Yes, customers can request to upgrade or downgrade their account types through customer service.