For opening a saving bank (SB) account:

Before opening a saving bank (SB) account we need to choose a bank. Choosing the right
bank is much like choosing any other service provider. Never lose sight of the fact
that we are the customer. We are looking for a lender that offers the right
combination of services to meet our individual needs, plus competitive rates to
ensure that our money is being as productive as possible. Here are a few things
that we should consider when choosing which bank to open a savings account
with:

1. Accessibility: Since banking is an integral part of our everyday life, we will want to
choose a bank that is accessible. Choosing a bank that has a bank branch near
where we live and work will make using and maintaining our savings account
much more convenient.

2. Services Offered: Not all banks offer the same types of savings accounts. When we
researching potential banks, make sure to find out if they offer the specific type of
savings account that we are interested in.

3. Customer Service: While we may not need to interact with bank personnel directly
every time we use our savings account, we may need to rely on their customer
service personnel at some point. When inquiring about a savings account at
different banks, take note of how friendly, knowledgeable, and helpful their staff
is.

4. Interest Rates: Different banks will offer different interest rates for their savings
accounts, so it's always a good idea to compare the interest rates that each bank
offers for the different types of savings accounts.

The things to consider when choosing a Savings Account

1. Minimum Balance Requirements: Some savings accounts require keeping a
minimum balance in account at all times and will penalize if fall below that
amount.
2. Monthly Fees: Banks will sometimes charge a small monthly fee for a savings
account, although most will waive that fee if we keep up a minimum balance.
3. Interest Rates: As discussed above, the interest rates that are offered by different
savings accounts can vary widely. Make sure to research different banks to find
the best interest rates.
For the following reasons we select the southeast bank. The category of bank
account, types, interest rate, Eligibility, Supporting Documents, Details of SB
account are describe below-

Category:

Savings Account

Description:

SB account is designed for savers who want to save a small part of their income to be
used in the near future and also intend to have some income on such savings. They can
deposit a small amount and can withdraw whenever they desire but the total numbers of
withdrawals over a period of time are limited.

Type:

Savings

Interest Rate:

5%-9%

Eligibility:

Resident Bangladeshi National

Age: 18 years or above.
Joint account can be opened.
Minor account can be opened under the supervision of his / her / their guardian.

Supporting Documents:

1. Applicants must satisfy the following documentation requirements for Personal

Banking.
2. Photocopy of Citizenship Certificate / Passport / Voter I.D. Card / National I.D.
Card / Driving License.
 3. Two copies of recent passport size photograph duly attested by the introducer.
4. The account requires an introduction by an existing and satisfactory account
holder of Southeast Bank Limited.
5. Certified document(s) for source of income.
6. Tax Certificate.
7. Proof of communication address: Photocopy of an Electricity Bill / Gas Bill /
Wasa Bill / Telephone Bill.
8. Initial deposit of Tk 5,000/- for urban clients and Tk 1,000/- for rural clients.
9. Nominee form and photograph of nominee(s) (signature attested by the account
holder). In case of minor nominee, copy of the birth certificate and photograph
required.
10. Personal Information Form.
11. Transaction Profile.
12. KYC Form.

Details

Fees & Charges

Rate of Interest: 5.00%
Cheque Book Issuance fee (10 leafs per book): Taka 60/-
Standing Instruction charge TK 100 for compliance of each Instruction
Account Closing Charge Taka 250/-.
Vat applicable for all fees & charges @15%.
Online Transactions - free of service charge.

Savings Account

Below Tk. 1.00 Crore 5.00%

Tk. 1.00 Crore & above but below Tk. 25.00 Crore 5.25%

Tk. 25.00 Crore & above but below Tk. 50.00 Crore 5.50%

Tk. 50.00 Crore & above but below Tk. 100.00 Crore 6.00%

Tk. 100.00 Crore & above 9.00%