Rocket of Dutch-Bangla Bank

Dutch-Bangla Bank pioneered Mobile Banking in Bangladesh. It was the first bank to offer banking facilities through a wide range of mobile phones. Rocket is a Banking process without bank branch which provides financial services to unbanked communities efficiently and at an affordable cost. To provide banking and financial services, such as cash-in, cash-out, merchant payment, utility payment, salary disbursement, foreign remittance, government allowance disbursement, ATM money withdrawal through mobile technology devices, i.e. Mobile Phone, is called Rocket.

Benefits of Rocket

  • Real time on-line banking.
  • Access to banking and advanced payment transactions at affordable cost.
  • Convenient and secure way to send money.
  • Much more effective in developing savings habit.

Rocket Model

Dutch-Bangla Bank Limited, a technology savvy commercial bank in Bangladesh, started Rocket on 31 March, 2011. Dutch-Bangla Bank has followed a unique model for deployment of the Mobile Banking in Bangladesh. Dutch-Bangla Bank Rocket model has the following characteristics:

  • Bank-led model
  • Vision
  • An account, not a wallet
  • Four Parties involved
  • Four Cash movement tiers
  • Four Geographical tiers

Rocket Services

  • Cash-in (Deposit)
  • Cash-out (cash withdrawal)
  • ATM withdrawal (cash withdrawal)
  • Mobile Top-up
  • Person to Person transfer (Send Money)
  • Bank account - Rocket account transfers
  • Foreign remittance
  • Salary disbursement
  • Balance enquiry
  • Bill payment
  • Merchant payment

Charges for Customer

  Products
Service General Consumer Product Salary and Stipend Product
Cash-in at Agent Free 0.9% of TXN Amt
Cash-in at DBBL branches / Fast Track Free TK. 10 per Txn
Cash-out at Agent 1.8% of Txn Amt 0.9% of TXN Amt
Cash-out at DBBL branches 0.9% of Txn Amt TK. 10 per Txn
Cash-out at ATM 0.9% of Txn Amt Free
P2P For Apps Free
For USSD (*322#) TK. 5 per Txn
(Except General Consumer Product to Salary & Stipend
Product charge 0.9% on Txn Amt in USSD & Apps)
For Apps Free
For USSD (*322#) TK. 5 per Txn
CBS to MBS Transfer Free Free
MBS to CBS/Card transfer 1.8% of Txn Amt 0.9% of Txn Amt
Top-up Free Free
Balance Enquiry Free Free
Statement Enquiry Tk. 3 Tk. 3
Bills Pay Tk.2 to Tk.20 or 1% Tk.2 to Tk.20 or 1%
Merchant Payment (payable by merchant) Up to 1% Up to 1%
Merchant Payment (payable by customer) Free Free
Collection (B2B) payable by Sender/Receiver 0.20 to 0.45 % of txn amount 0.20 to 0.45 % of txn amount
Disbursement like salary, Grant, stipend etc (payable by Corporate/enterprise) NA Free

*Subject to changes time to time


About Dutch-Bangla Bank

Dutch-Bangla Bank started operation is Bangladesh's first joint venture bank. The bank was an effort by local shareholders spearheaded by M Sahabuddin Ahmed (founder chairman) and the Dutch company FMO. From the onset, the focus of the bank has been financing high-growth manufacturing industries in Bangladesh. The rationale being that the manufacturing sector exports Bangladeshi products worldwide. Thereby financing and concentrating on this sector allows Bangladesh to achieve the desired growth. Dutch Bangla Bank other focus is Corporate Social Responsibility (CSR). Even though CSR is now a cliche, Dutch Bangla Bank is the pioneer in this sector and termed the contribution simply as 'social responsibility'. Due to its investment in this sector, Dutch Bangla Bank has become one of the largest donors and the largest bank donor in Bangladesh. The bank has won numerous international awards because of its unique approach as a socially conscious bank. Dutch Bangla Bank was the first bank in Bangladesh to be fully automated.

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