Union Bank Ltd.

Mudaraba savings account is opened under the Mudaraba principal of Islami Shariah, where the clients are the Shaheb-Al Mal (owner) and the Bank is Mudarib. Mudaraba Saving's accounts are mainly meant for Non-Trading customers who have some potential saving with small number of transactions taking place. More than one person can open and operate a Mudaraba savings account. A guardian on behalf of a minor can open a Mudaraba Savings Account. In which case a declaration stating the date of birth of the minor should be obtained from the guardian.

Key Features:

Any adult having sound mind can open this account in his/her name singly or jointly with others. Any proprietorship/partnership firm, limited company (private/public), educational institution, club, association, socio-economic organization can also open this account

Account opening balance is TK. 500 only.

Half Yearly Account maintenance fees: TK. 300 only + 15% VAT

ATM Card / Debit Service (Yearly Fees: TK. 400 only + 15% VAT)

Bank pays attractive profit.

Personalized MICR Cheque Book is available

Nominal service charge

Any Branch banking facility

Bank accepts and supports Standing Instructions.

Who can apply

Any Bangladeshi citizen, 18 years or over

A minor operated by a legal guardian may also open the account

Required Documents

1 or 2 copy Photograph of applicant.

1 copy photograph of nominee duly attested by Applicant

NID/Passport/Any other valid photo identify of applicant

NID/Passport/Any other Valid photo identify of nominee (if any)

TIN Certificate of applicant ( if any )

Documents Related with sources of fund ( if any)

Profit Rate of all Deposit Products: