Introduction

The IFIC Shohoj Account (Business) caters to Bangladeshi individuals involved in CMSME (Cottage, micro, Small, Medium) and agricultural activities, even without a trade license. It's an interest-bearing relationship account with an overdraft facility in the individual's name. The account aims to streamline business and agriculture-related transactions, earn interest, and provide loan access in a single account. It also offers convenient transactions through IFIC Bank's extensive network.

Features

• Minimum account opening balance of 10tk for agriculture and business-related transactions
• Account will be opened in single or joint name.
• No Trade license is required for account opening.
• Slab wise interest-bearing deposit account.
• Attractive Interest rate.
• Deposit interest will be calculated on daily balance and paid monthly.
• Minor can open “IFIC Shohoj Account.”
• Deposit & loan facility enable in a single account.
• Debit Card and Cheque book is available for withdrawal of deposit and overdraft amount.
• Free enrolment in digital banking & mobile financial services
• One person can open multiple account on valid purpose.
• This account can be used as link account of asset & liability products and other services.

Required Documents

Mandatory Documents:

• Digital image/ Scan copy of customer's NID
• Passport size photograph- 2 copy

Mandatory professional documents:

• Attested copy of profession documents given by the local representative or professional association

In this case introducer:

• Introducer’s copy of NID
• Passport size photograph- 2 copy (duly attested by introducer)

Minor Customer:

• Photo ID /Birth certificate with additional photo ID
• Passport size photograph -2 copy [duly attested by introducer]
• Passport size photograph -1 copy and Digital image/ Scan copy of NID of guardian/legal guardian

Nominee’s Documents:

• Digital image/ Scan copy of nominee’s NID
• Passport size photograph – 1 copy (duly attested by Account Holder)
• In case of unavailability of NID, documents mentioned in 1.2 will be followed

Minor nominee:

• Passport size photograph -1 copy duly attested by Account Holder
• Photo ID /Birth certificate
  • In case of birth certificate, needs to be duly attested by Account Holder
• Passport size photograph -1 copy and Digital image/ Scan copy of NID of guardian/legal guardian

In case of unavailability of NID/ Smart ID:

• Copy of Driving License/Birth Certificate with additional photo ID/ Passport (Verified by original copy)

Optional Document:

• Copy of TIN