Dhaka Bank Deposit

dhaka bank Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

Part 1: dhaka bank Minimum Deposit Explained

Minimum Deposit Amount

The minimum deposit for opening a savings account at Dhaka Bank is generally Tk. 10,000. For specific accounts like the Joma Savings Account, the minimum deposit is Tk. 1,000.

Account-Type Comparison

• Current Account: Minimum deposit of Tk. 10,000.
• Savings Account: Minimum deposit of Tk. 10,000.
• Joma Savings Account: Minimum deposit of Tk. 1,000.
• Fixed Deposit Receipt (FDR): Minimum deposit varies, typically starting from Tk. 10,000.

Advantages

1. Accessibility: Multiple account types cater to different needs.
2. Competitive Interest Rates: Offers attractive rates, especially for fixed deposits.
3. Diverse Services: Includes options like online banking, mobile banking, and remittance services.
4. Customer Support: Robust customer service available through various channels.

Disadvantages

1. Higher Minimums for Some Accounts: Current accounts require higher initial deposits.
2. Fees on Low Balances: Accounts with balances below a certain threshold may incur maintenance fees.
3. Limited International Services: Some services may not be available for non-residents.
4. Withdrawal Limits: Certain accounts may have restrictions on the number of withdrawals.

Competitor Comparison

Compared to competitors like BRAC Bank and Dutch-Bangla Bank, Dhaka Bank's minimum deposit requirements are similar, but it may offer slightly higher interest rates on fixed deposits.

Part 2: dhaka bank Deposit Methods Comprehensive Guide

Available Deposit Methods

1. Bank Transfer

• Processing Time: Instant to 1 business day.
• Fees: Generally free.
• Availability: Nationwide.
• Limits: Minimum Tk. 1,000; maximum varies by account type.
• Pros: Quick and secure.
• Cons: May require bank details.

1. Credit/Debit Cards

• Processing Time: Instant.
• Fees: 1% transaction fee.
• Availability: Nationwide.
• Limits: Minimum Tk. 1,000; maximum Tk. 50,000 per transaction.
• Pros: Convenient for online deposits.
• Cons: Fees may apply.

1. bKash

• Processing Time: Instant.
• Fees: Tk. 10 per transaction.
• Availability: Nationwide.
• Limits: Minimum Tk. 1,000; maximum Tk. 50,000 per transaction.
• Pros: Widely used and easy to access.
• Cons: Transaction fees apply.

1. Mobile Banking (Dhaka Bank Go)

• Processing Time: Instant.
• Fees: Free.
• Availability: Nationwide.
• Limits: Minimum Tk. 1,000; maximum Tk. 50,000 per transaction.
• Pros: User-friendly app interface.
• Cons: Requires smartphone access.

Supported Currencies

• Bangladeshi Taka (BDT) is the primary currency supported for deposits.

Recommended Methods

• Bank Transfer for larger amounts.
• bKash for quick and easy transactions.

Part 3: dhaka bank Deposit Steps Explained

Deposit Procedure

1. Choose Your Method: Select between bank transfer, credit/debit card, bKash, or mobile banking.
2. Log In: Access your Dhaka Bank account via the web or mobile app.
3. Enter Deposit Details: Input the amount and select the account to deposit into.
4. Confirm Transaction: Review the details and confirm the deposit.
5. Receive Confirmation: A notification will confirm the successful deposit.

Mobile vs Web Platform Differences

• The mobile app offers a more streamlined process with fewer steps compared to the web platform.

KYC/Verification Notes

• Ensure your KYC documents are updated to avoid transaction delays.

Common Issues and Solutions

• Issue: Transaction not processed.
• Solution: Check internet connection and retry; contact customer support if persists.

Typical Fund Crediting Times

• Funds are generally credited instantly for most methods, except bank transfers which may take up to 1 business day.

Part 4: dhaka bank Withdrawal Methods Overview

Available Withdrawal Channels

1. ATM Withdrawals

• Processing Time: Instant.
• Fees: Tk. 20 per transaction.
• Supported Currencies: BDT.
• Limits: Maximum Tk. 20,000 per transaction.
• Pros: Convenient and accessible.
• Cons: ATM availability may vary.

1. Bank Transfer

• Processing Time: 1-3 business days.
• Fees: Free for Dhaka Bank accounts.
• Supported Currencies: BDT.
• Limits: Minimum Tk. 1,000; maximum Tk. 50,000 per transaction.
• Pros: Secure method.
• Cons: Slower than ATM withdrawals.

1. bKash

• Processing Time: Instant.
• Fees: Tk. 10 per transaction.
• Supported Currencies: BDT.
• Limits: Minimum Tk. 1,000; maximum Tk. 50,000 per transaction.
• Pros: Fast and easy.
• Cons: Fees apply.

Recommended Withdrawal Options

• ATM Withdrawals for immediate access to cash.
• bKash for quick transfers to mobile wallets.

Part 5: dhaka bank Withdrawal Steps Explained

Withdrawal Instructions

1. Select Withdrawal Method: Choose between ATM, bank transfer, or bKash.
2. Log In: Access your account via the web or mobile app.
3. Enter Withdrawal Amount: Specify the amount you wish to withdraw.
4. Confirm Transaction: Review and confirm the withdrawal details.
5. Receive Confirmation: A notification will confirm the successful withdrawal.

ID Verification Requirements

• For ATM withdrawals, ensure your debit card and PIN are ready. For bank transfers, KYC verification may be required.

Expected Fund Arrival Time

• ATM withdrawals are instant, while bank transfers may take 1-3 business days.

Typical Delay Reasons and Solutions

• Reason: Insufficient balance.
• Solution: Ensure your account has enough funds before attempting a withdrawal.

FAQs – dhaka bank Deposits & Withdrawals

1. What is the minimum deposit for dhaka bank？

• The minimum deposit for a savings account is Tk. 10,000, while the Joma Savings Account requires Tk. 1,000.

1. How long do withdrawals take？

• ATM withdrawals are instant, while bank transfers can take 1-3 business days.

1. Are there fees for deposits or withdrawals？

• Yes, there are fees for certain deposit methods (e.g., bKash) and withdrawal methods (e.g., ATM transactions).

1. Can I use the same method for both deposits and withdrawals？

• Yes, methods like bank transfer and bKash can be used for both deposits and withdrawals.

1. Does dhaka bank support cryptocurrency or local payment methods？

• Dhaka Bank does not support cryptocurrency transactions but offers various local payment methods like bKash and bank transfers.