The New Nation - Internet Edition

Staff Reporter

Eastern Bank Ltd introduced a new deposit scheme titled "EBL Shubidha" for small and medium entrepreneurs (SME).

This was announced at a press conference at Hotel Sheration in the city yesterday.

Ali Reza Iftekhar Managing Director (MD) and CEO of EBL, Muklesur Rahman, head of SME, Zahid Hossain, head of business development, Nazeem A Choudhury head of marketing were present at the press conference.

For easy access to bank, EBL offered Small and Medium Entrepreneurs to do day-to-day business transactions through this business account.

All legitimate business entities such as solo proprietorship, partnership or private limited companies with valid trade licences and other documents as per Bangladesh Bank requirements could open EBL Shubidha accounts.

EBL Shubidha offered some facilities for the account holder including minimum opening and minimum deposit requirement for interest was TK one lakh, daily interest bearing and haly-yearly interest, 24-hour money withdrawal facilities with VISA and ATM cards, no intercity transaction fee up to TK one lakh, among others.

This deposit offered 5 per cent interest on day transaction. But to receive these facilities SME should open a new EBL Shubidha Account.