Currently, over 40 million students are studying in schools, colleges & universities. This post is for College & University students mainly. Especially for those who are staying far from home and family. Most of the students make money from home through mobile banking or internet banking. So they transfer a vast amount of money through different banks every month and banks are giving attractive offers to students for that. In this article, we will provide you some information about the best banks for students in Bangladesh.

AB Bank Student Account

AB Bank pays the highest interest rate for student accounts. Interest will be calculated on a daily balance. The interest rate is 6%

 Documents needed for student account are given below

AB Minor:

• Current valid student photo ID/certificate with a photo from the head of the educational institution / current valid passport.
• Birth certificate / Student ID card with a birth certificate.

National Certificate / Current Valid Passport / Birth Certificate (with parent’s photo).

 

AB Major:

• National Certificate / Current Valid Student Photo ID / Certificate with Photo from Head of Educational Institution / Current Valid Passport.
• Birth certificate / Student ID card with a birth certificate.

 

Features:

• There is no account management fee.
• Completely free debit card, SMS, internet banking, checkbook, mobile top-up facility.
• Daily basis interest.
• 6% interest rate.

One Bank Student account

One Bank pays the 2^nd highest interest rate for student accounts. Interest will be calculated on a daily balance like AB Bank. The interest rate is 6%.

Who is eligible for school banking

OBL School Banking:

• Anyone below 18 years old is eligible for this account but with the prior permission of the parent/ legitimate guardian

Features:

• The required initial deposit amount is only BDT 100.
• Online deposits and withdrawals are free.
• SMS alert service
• Daily basis interest.
• 5% interest rate.
• Only Government charges will be deducted from this account.

 

Who is eligible for youth banking – Best Banks For Students In Bangladesh

OBL Youth Banking:

• If you are a Bangladeshi citizen and have a photo ID document
• If your age is between 18-25 years

Features:

• The required initial deposit amount is only BDT 500.
• Free Internet banking.
• 5% interest rate on the daily balance and will be credited monthly .
• No account maintenance charge.
• Only BDT 200 Debit Card charge.
• 50% discount on loan processing fees on OBL Student Loan.
• Special discount of 20% on student file handling charge.
• Discounts in different outlets/restaurants etc. using the debit card

 

BRAC Bank Future Star Account

Future star account is a savings account for children and designed to encourage them to develop savings habits.

Who is eligible for a future star account

• If you are a Bangladeshi citizen and have a photo ID document
• If your age is below 18 years

Features:

• The required initial deposit amount is only BDT 100.
• Interest rate up to 8%.
• No account maintenance charge.
• Internet Banking, SMS Banking, e-Statement, 24*7
• ATM booths all over the country
• BDT 100+vat annual Debit card fee.
• Parents will get transaction alert notifications.

 

Difference Between Visa And Mastercard

City Bank Limited College Plan – Best Banks For Students In Bangladesh

City Bank is offering 3.5% interest with many benefits for their college plan.

 Let’s have a look at who is eligible for a college plan

•  If you are a Bangladeshi citizen.
• If your age is between 18-24 years.

Documents needed for the college plan are given below

• NID/Birth certificate/Passport
• Photograph – 2 Copies
• Student ID card
• Nominee photograph – 1 Copy
• Nominee’s NID/Birth certificate/Passport
• Income source document
• E-TIN

Features:

• No Account Maintenance Fee
• No Minimum Balance requirement
• Free Passport Endorsement
• Free SMS Alert
• Interest on daily balance
• Online banking service
• SMS Alert and Call Center facility

Who is eligible for a school plan

• If you are a Bangladeshi citizen.
• If your age is below 18 years.

Documents needed for the school plan are given below

• NID/Birth certificate/Passport of parent/ Legal guardian
• Photograph – 2 Copies of Parent/ Legal guardian
• Student photograph – 1 Copy
• Student ID card
• Nominee photograph – 1 Copy
• Nominee’s NID/Birth certificate/Passport
• Income source document
• E-TIN of parent/ Legal guardian

Features:

• No Account Maintenance Fee
• No Minimum Balance requirement
• Free Passport Endorsement
• Free SMS Alert
• Interest on daily balance

 

NRB Bank Student Account

For students, NRB Bank has two options “My early account & My study account”.

Who is eligible for My early account

• If your age is between 6-18 years.
• Only the parents can open the account on behalf of their children

Documents needed for my early account are given below – Best Banks For Students In Bangladesh

• The required initial deposit amount is only BDT 500.
• 5% interest rate on the daily balance and will be credited monthly .
• No account maintenance charge.
• No minimum balance required
• Free checkbook
• Except for the Bangladesh Bank charge, no other hidden charge.

 

Who is eligible for My study account

• If you are a Bangladeshi citizen.
• If your age is between 18-26 years.

 

Documents needed for my early account are given below

• The required initial deposit amount is only BDT 1000.
• 4% interest rate on the daily balance and will be credited monthly .
• No account maintenance charge.
• No minimum balance required
• You’ll get a Debit card & checkbook

 

Eastern Bank Limited – Best Banks For Students In Bangladesh

Eastern Bank Limited has attractive offers for students & we are going to discuss the most popular schemes EBL Junior Savings Account, EBL Campus Account.

Who is eligible for EBL Junior Savings Account

• Any Bangladeshi school-going children & age is below 18 years.
• Only the parents can open the account on behalf of their children
• Minimum balance for interest accrual BDT 10,000/=

Documents needed for EBL Junior Savings Account are given below 

• Photocopy of Birth certificate (Student).
• Two copies passport size photograph of the student
• Photocopy of a School ID or Certificate from school or Payment slip of latest tuition fees.
• Photocopy of Parents National ID/Passport
• One copy passport size photograph of the parent.
• One copy passport size photograph of the nominee
• Copy of recent utility bill (Gas, Electricity, Wasa, Telephone) as proof of mailing address

Features:

• Highest interest rate
• Interest will be calculated on a daily balance
• Dual Currency Debit Card for Operating Parents.
• Cheque Book Facilities
• Free Local debit card for the child
• Free ATM cash withdrawal facilities at all EBL ATM
• Free internet banking facilities
• No minimum balance fee
• No account maintenance fee
• The minimum initial deposit amount is only BDT 100/=

Who is eligible for EBL Campus Account –  Best Banks For Students In Bangladesh

• Any Bangladeshi student age between 18-26 years
• Minimum balance for interest accrual BDT 10,000/=

Documents needed for EBL Campus Account are given below

• Student ID card’s photocopy. (must be valid ID)
• National ID Card/ Valid Passport/ Birth Certificate photocopy.
• Applicant’s one copy passport size photo
• Nominee’s one copy passport size photo
• Recent utility bill’s photocopy (Gas, Electricity, Wasa, Telephone) as a proof of mailing address

Features: Best Banks For Students In Bangladesh

• No minimum balance fee.
• No account maintenance fee.
• Minimum Initial deposit amount is only BDT1,000/=
• Dual Currency Debit Card facility.
• Free internet banking facilities
• Free ATM cash withdrawal facilities at all EBL ATM
• Interest will be calculated on a daily balance.

Here is the information about the best bank for students in Bangladesh. If this information is helpful please visit our Facebook page https://tinyurl.com/tgw1s4hu  & hit the like button. You can leave your feedback in our comment box.