IFIC Bank PLC operates Al-wadeeah Current Account on the principles of Al-wadeeah. The Bank commits to refund money deposited in these Accounts on the demand of customers. On the other hand the Bank takes permission from customers that the Bank may utilize their money. Customers may operate these Accounts as their desires. No profit is disbursed in these Accounts and depositors do not bear any loss.

Features:

• Unlimited transactions
• 'No profit no loss' on balance
• Cheque Book facility
• VISA Debit Card for personal or single proprietorships.
• Any branch service from the country’s largest network of branch, uposhakhas and ATMs
• Internet Banking, e-Statement, SMS Banking
• 24/7 Contact Center support
• Fees and Charges as per Schedule of Charges will be realized twice a year.
• Separate charges applicable for debit card and SMS service subscription
• Excise duty may be realized as per Govt rules and regulations.

Eligibility:

• Any Business entity/Farm/Company/Organization operating in Bangladesh.
• Business person operating small business without trade license can also open this A/C.
• Any Bangladeshi citizen with minimum Age 18 years
• Minimum balance for account opening: Tk.1,000/-

Required Documents

• Complete and duly signed account opening form.
• Trade License for business enterprise
• TIN Certificate
• 2 copy of recent passport size photo for each signatory
• NID/ Valid Passport/Driving License
• Nominee’s NID & photo (attested by applicant)
• Recent utility bill (electricity/gas/WASA/telephone)

*Bank may ask for any other additional document (if required)