City Bank Limited introduces a great and superb deposit account for newborn babies, namely "New Born's Deposit Account" which is an account for parents who wish to save for their child's future.
- Interest on monthly average balance.
- Half yearly interest payment.
- Insurance coverage.
- Auto instalment transfer facility to DPS account.
- Flexibility to choose the instalment date.
- Age: From the day of birth till the child turns 6 years old.
- Nationality: Bangladeshi.
Schedule of Charges
- Minimum account opening balance: Tk. 1,000.00
- Account maintenance fee
Average balance up to Tk. 10,000.00: Nil
Average balance above Tk. 10,000.00 - 25,000.00: Tk. 100.00 (half yearly)
Average balance above Tk. 25,000.00 - 200,000.00: Tk. 200.00 (half yearly)
Average balance above Tk. 200,000.00 - 1,000,000.00 Tk. 250.00 (half yearly)
Average balance above Tk. 1,000,000.00: Tk. 300.00 (half yearly)
- Closing of account: Tk. 200.00
City Bank is one of the oldest private Commercial Banks operating in Bangladesh. It is a top bank among the oldest five Commercial Banks in the country which started their operations in 1983. The Bank started its journey on 27th March 1983 through opening its first branch at B. B. Avenue Branch in the capital, Dhaka city. It was the visionary entrepreneurship of around 13 local businessmen who braved the immense uncertainties and risks with courage and zeal that made the establishment & forward march of the bank possible. City Bank is among the very few local banks which do not follow the traditional, decentralized, geographically managed, branch based business or profit model. The bank currently has total 112 branches which includes 99 online branches, 1 full-fledged Islamic Banking branch, 1 SME service center and 11 SME/Agri branches spread across the length & breadth of the country. Besides these traditional delivery points, the bank is also very active in the alternative delivery area. It currently has 246 ATMs of its own; and ATM sharing arrangement with partner banks that has more than 1150 ATMs in place, SMS Banking and Interest Banking.
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