Professional Documents
Culture Documents
BRAC Bank is a leading private commercial bank in Bangladesh. Its headquarters are
based in the capital Dhaka. BRAC launched an Information Technology Institute the
following year. In 2001, BRAC established a university called BRAC University with the
aim to create future leaders and the BRAC Bank was started to cater primarily to small
and medium enterprises.
Corporate Vision
Corporate Values
Our Strength emanates from our owner - BRAC. This means, we will hold the following
values and will be guided by BRAC as we do our work
2. Deposits:
As like other banks BRAC BANK make their relation with their clients
through opening an account. They are providing three account open facilities
for collecting deposits. These are:
I. Savings Account
II. Current Account
III. Fixed Deposit Account
Every single account has different criteria. These are explaining below:
I. Savings Account:
By seeing the name of the account we understand that, those people who are
interested to save their money for a short time period, generally these people
are interested to open this account. By thinking different types of people,
BRAC BANK provides different types of savings account opening facilities
or opportunities. These are:
A client opens this account by 50000 taka. Here the transacted amount is
relatively large. Here the Interest rate is 8% and get Visa Debit Card
facilities. A personal check book is opened for that client and every month
he or she has got the interest amount regarding their deposited amount. Here
no charge is taken by the bank.
According to a bank personal of BRAC BANK, it is one of the most
valuable products. Because of, through only this account they collect a large
amount of money.
b) Savings Classic:
It is also a valuable product for BRAC BANK. Here the client also gets the
debit card facilities and a personal check book is opened by his name. Here
the interest rate is 5.5% and the interest is provided half- yearly.
c) Opporagita:
Women’s are only permitted to open this account. Here they also get the
same benefits and 6.6% interest rate is provided to them. This is also a
beautiful idea of BRAC BANK.
Those people who transact more frequently with their banks, those people
are generally open current account. BRAC BANK provides different types
of current account facilities. These are:
a) Current Plus Account:
This account is opened by 25000 taka. Here the client gets Visa Debit Card
and personal check book facilities. They are also got intercity transaction or
online banking facilities. Here no charge is applicable.
b) Current Classic:
This account is opened by taka 15000. A personal check book is opened by
the name of client and he also gets debit card facilities. No interest will be
provided here.
c) Easy Account:
The client is getting only debit card facilities. Here the opening balance is
taka 2000 and 4% interest will be provided to the clients.
d) Campus Account:
Here only the students are allowed to open the account. To open the account
student must show the valid ID card. Opening balance is taka 2000 and 4%
interest will be provided here.
e) Salary Account:
Generally this facility is getting by interest related institutions with the bank.
Bank can help them by salary disbursement. Here minimum number of
employees is required at 10 and minimum salary is taka 10000. They are
getting 4% interest from this account.
III. Fixed Deposit:
Those people who has a lot of idle money over their hand, but they are
feeling unsecured; generally these people are getting help by this account.
There are also different types of fixed deposit account provided by the
BRAC BANK. These are:
a) Obiram:
Here the client will get interest in monthly basis and the interest amount is
depending based on the deposited amount and tenure.
Interest is provided often three months later under this account. Interest is
depending on deposited amount.
After opening the account, the client will get interest immediately over his
deposited amount under this account.
Under this account the client will get back of his deposited amount with
interest at a maturity date.
3. Loans:
Under this Loan system any one can get Loan from BRAC BANK, for
fulfilling the personal needs. This Loan is divided into two Parts:
a) Salary Loan:
People those who are service holder, they can get Loan from here.
b) Quick Loan: