Terms and Conditions

Prime Now Transaction Account

Eligibility for opening the account

Any Bangladeshi citizen of 18 years or above, having NID and who is of sound mind can open a Prime Now Transaction account. One individual can have only one Prime NOW Account.

Initial deposit

No initial minimum balance is required to open a Prime NOW Transaction Account.

Deposits, Withdrawals

A depositor can deposit (electronic fund transfers, cash deposit to machines and in Bank) and withdraw from the Account as many times as required. Branch Access is allowed to deposit money. Drafts, and Pay Orders are to be crossed at the time of deposit. The Bank acts only as the collecting agent and assumes no responsibility for the realization of any items deposited with the Bank for collection. Thus, proceeds of instruments deposited will be available for withdrawal once collected by the Bank. The account should not be overdrawn.

Identification of the account

Each account will be given one account number. This number is to be properly quoted for each deposit and for any correspondence to the Bank. The Bank will not be responsible for any loss or damage occurring as a result of the wrong quotation of account number.

Cheque Book

There will be no cheque book against the accounts.

Bank's Right

The bank reserves the right to enquire the customer for the source of the funds as per the Money Laundering Prevention Act 2012 and ask for a nominee as per the Bank Company Act 1991. The bank reserves the right to close any account if found unsatisfactory. The bank reserves the right to realize charges from any account as per Schedule of Charges of the bank. The bank is authorized to realize Excise Duty, Income Tax, or any other duties etc., as per government instruction. The bank reserves the right to debit any account that may have been inadvertently credited with an item/transaction subsequently unpaid on collection or detected to be the wrong entry without giving any information to the customer.

E-Statement

• I/We fully understand the risk and accept that the bank does not use encrypted e-mail, and generally, the internet is not encrypted and is not a secured means of transmission of the information. It involves the risk of unauthorized alteration, usage and disclosure of the information by Unwanted Parties.
• I/We fully understand the risk and accept that transmission of the information to a corporate ID involves the risks of the information being viewed, altered, used or disclosed to third parties who were/were once authorized but may not be in the employment of the organization in the future. I/We agree to indemnify the bank and hold the bank indemnified and harmless from any costs, expenses, liabilities, losses, and responsibilities, whether direct or consequential, arising out or in connection with such view, alteration, usage or disclosure of the information or otherwise caused by using the internet as a means of transmission and also for any error, delay or problem in the transmission of the information:
• That my/our legal representatives, executors, successors-in-interest and assigned are bound by this E-statement enrolment;
• That this E-statement enrolment shall be governed by and constructed in accordance with the laws of Bangladesh:
• Electronic statement delivery will supersede hard copy statement delivery (if any).

Account Rules Opening an Account

Eligibility, Profit, Fees & Charges, documentation requirements and other conditions are as per feature of the product. The account can be opened only through Prime NOW app. Interest will be as per PPG/features and charge will be as per PPG.

Closure of Account

When an account is closed either by the account holder or by the Bank, the account holder is required to return all the unused cards, if any, to the bank. A charge as per our prevailing schedule of charges will be recovered from an account holder who closes an account.

Cheque Books

There will be no cheque book issued against the Prime NOW Transaction Account.

Master/Visa/JCB Debit Card (the "Card") Agreement

By applying for the Card from Prime Bank PLC, the account holder (also referred to as the "User" or "Customer") here by acknowledges, accepts and confirms to abide by the following additional terms & conditions:

The Card:

The Card is subject to the terms and conditions of this Agreement:

• All transactions made using the card, whether electronic or otherwise, will be deducted from the designated account.
• The bank will deduct the withdrawn amount from the designated account for transactions made at any authorized Automated Teller Machine (ATM)/Cash Recycling Machine (CRM) or for purchases of goods and services from authorized merchants in Bangladesh using the card at POS/E-Commerce terminals.
• The Bank shall debit the Designated Account for all related charges with respect to the Card and the use thereof and the charges may be announced from time to time by the Bank.
• The Bank reserves the right to restrict daily, weekly, monthly, and yearly cash withdrawals or purchases made by the Cardholder at authorized merchants.
• The Card is, and shall at all times, by the property of the Bank and shall be returned to the Bank unconditionally and immediately upon Bank's request. The Bank reserves the right to cancel, withdraw or renew the Card at any time at its sole discretion.

Personal Identification Number (PIN):

The Cardholder will receive or generate a Personal Identification Number ("PIN") to access the Card. It is the Cardholder's responsibility to maintain confidentiality and refrain from sharing the PIN with anyone, including Bank personnel. The Card must be collected by the Cardholder in person with acknowledgement from the bank. The PIN must be set by the user according to the process set by Prime NOW by themselves.

Use of the Card: Card holder shall comply with the following terms:

• Always keep the Card secured.
• Shall not use the Card before or after the validity period and/or after its cancellation or withdrawal.
• Memorize the PIN and immediately destroy the slip advising the PIN and always keep any record of the PIN separate from the Card.
• Shall not discard the used Carbon copies containing the Card details carelessly.
• When making a purchase ensure that the merchant destroys any spoilt vouchers or receipts in Card holder's presence.
• Upon expiry destroy the Card by cutting it in two halves.
• The Card is not transferable and is valid for use only by the account holder for whom the card has been created.
• The Card cannot under any circumstances be used for any unlawful purposes.
• The Cardholder's account must have sufficient balance to meet any transaction including any charges.
• Cash or Cheques deposited by the Card with any Automated Teller Machine ("ATM") or Cash Recycling Machine ("CRM") will be governed by the terms & conditions of the deposit of such ATM or CRM.
• In the event that the Designated Account is overdrawn due to Card usage, the Cardholder will be subject to interest charges at rates determined by the Bank periodically, along with any other applicable fees and expenses at the Bank's absolute discretion. The overdraft amount is payable immediately upon demand.
• In consideration of issuing the Card, the Cardholder undertakes to indemnify the Bank against all losses, claims, actions, proceedings demands, damages, costs and expenses incurred or sustained by the Bank of whatever nature and howsoever arising out of or in connection with the issuance or use of the Card, provided that the Bank acts in good faith.
• The Bank reserves the right to disclose, in strict confidence to other institutions, such information concerning the transaction made by the Card as may be necessary or appropriate in connection with its participation in any Electronic Fund Transfer Network.
• The Bank's record of transaction processed by the use of the Card shall be conclusive and binding for all purpose.

Lost or Stolen Card:

• If the Card is lost or stolen, or a Card is for any reason liable to be misused or Cardholder have any reason to suspect that the PIN may have been discovered by an unauthorized person, Cardholder will use Prime NOW app to block the card and/or change card PIN as primary defense as soon as possible. User may also use designated helpline to notify and/or block the card.
• Until and unless such notice is received, the Bank is authorized and shall remain authorized to debit Cardholder account for the transaction made using the Card.
• Cardholder shall be liable to the Bank for all losses or claims to the Bank arising from any transaction affected before such notice is received.
• Cardholder shall give the Bank and any person acting on the Bank's behalf all necessary assistance in any investigations, avail all information as to circumstances of the loss, theft or possible misuse of the Card and take all reasonable steps to assist the Bank to recover the Card and money.
• Cardholder shall consent to the disclosure to third parties of such information as is relevant concerning account in connection with loss, theft or possible misuse of the Card and money.
• If the Card is lost and reported to the Bank and a new Card is issued, the Cardholder shall destroy the previous Card if it is found subsequently and report the same to the bank.
• The Bank will as soon as practicable replace any lost or stolen Card subject to payment of the applicable replacement charge.
• The bank will not provide any compensation for the losses occurred from transactions due to lost or stolen card or card PIN breach.

Liabilities:

• The Bank shall not be liable in any way if a third party does not honor the Card.
• The Cardholder shall be liable for any loss or cost suffered by the Bank as a result of any breach of this Agreement.
• The Bank shall not be liable if it is unable to perform its obligation under this Agreement due to failure of any machine, data, process system, transmission link, industrial dispute, terrorist action or anything outside its direct control or that of its agents.

Cardholder's Claim:

• Card account shall only be credited with a refund in respect of a Card transaction if the Bank receives a refund voucher or other refund verification.
• No claim against a third party may be the subject of defense or counter claim against the Bank.
• The Cardholder shall not be entitled to any interest or any credit in the account.
• The Bank shall not make refund for any goods/service obtained with the use of the Card.

Termination of the Card:

• In the event the Cardholder decides to terminate the use of the Card, The user will cancel/permanently block the card from Prime NOW app and destroy the Card by cutting it in two halves.
• The Bank shall be entitled to terminate the Card facility and request return of the Card with immediate effect upon the occurrence of any of the following events:
  • Failure of the Cardholder to adhere to or comply with the terms and conditions herein set forth.
  • An event of default under any agreement or commitment (contingent or otherwise) entered into with the Bank.
  • The Cardholder becoming the subject of any bankruptcy, insolvency proceedings or proceedings of a similar nature.
  • Demise of the Cardholder.
  • The Cardholder closes his account with the Bank.

International Regulations:

The use of the Card is regulated by the terms of applicable payment schemes as well and Cardholder agrees to abide by those terms.

Miscellaneous:

The above Terms & Conditions shall be regulated by and interpreted under the laws in force in Bangladesh, and may be verified by the Bank from time to time at its sole discretion and shall constitute the agreement between the Customer and the Bank with respect to the issue and use of the Card, any changes made to these conditions will be notified by the Bank to the Customer, however failure to make such notification shall not invalidate the changes.

Disclaimer

The Terms & Conditions are subject to periodic reviews and changes at the bank's discretion. Any changes will equally apply to all customers.

General Rules

• eKYC (Electronic Know Your Customer) will be done during opening the account.
• The Bank reserves the right to close any account without assigning any reason.
• Nomination/Succession to the amount lying to the credit of the account and/or operation thereof on the death of the person authorized to operate upon the account shall be in accordance with the rules for the purpose prescribed by the Bank from time to time and effective at the time of the claim.
• The Bank will not execute any customer transaction over the phone, fax or e-mail (unless standard indemnity arrangements are already in place).
• Duplicate statements of past transactions are issued against payment of charges as per our current schedule of charges.
• Accounts upon which an attachment order or other legal notice prohibiting the operation of the account has been received will be ruled off and no further operation will be allowed till the prohibiting order is removed.
• Customer transactions will be entertained during regular banking hours that may be in force from time to time.
• The account holder should update in Prime NOW APP in case of any change of address, contact number and email in writing. Otherwise, the Bank will not be liable for delivering the account statement/Bank communication to the recorded address of the account holder.
• The Bank may, without notice, combine or consolidate account(s) with any liabilities to the bank and set off or transfer any sum(s) standing to the credit of such accounts or any other suit(s) owing to the customer from the bank in or towards satisfaction or the customer's liabilities to the Bank on any other respect whether such liabilities be actual or contingent, primary or collateral and several.
• In addition to any general lien or other rights or remedies to which the Bank shall be entitled, the Bank may at any and from time to time apply any credit balance to which the customer(s) is/are entitled on any account(s) with the Bank (including the above account(s)) in satisfaction of any of its indebtedness to the Bank. Further. any of the account(s) of the customer(s) with any branch of the Bank shall be treated as one combined account.
• The Bank may refuse to process any transaction on any customer's account(s) if the Bank suspects fraud or illegality therein. The Banks' decision on whether the transaction is or is likely to be involved a fraud or irregularity shall be final and conclusive and binding on the customer.
• The account holder is solely responsible for the prompt examination of all entries in the statement and must give the Bank written notice within 15 (Fifteen) days of the date of the relevant statement of any discrepancy that he believes exists between any such statement and his records. In the absence of any such notice from the account holder, he/she will be deemed to have agreed and certified conclusively (for all purposes) the correctness of the relevant statement of account.
• The Bank reserves the right to close any account having zero balance without transaction for two years.
• Statements of accounts are issued based on product features half yearly. If statements are required in frequencies higher than the above a charge will be levied as per our current schedule of charges.
• The Bank reserves the right to amend the terms and conditions, current schedule of charges without any notice.
• Profit is credited monthly or half-yearly based on the product nature, If an account is closed prior the profit is credited, the accrued profit will be credited to the account.

Collection of Draft/Pay Order

The Bank will refuse to accept an instrument for deposit through collection or internal transfer if the payee's name is not identical to the customer's name in the Bank's record. The Bank acts as the collection agent and assumes. no responsibility for the realization of any instrument deposited with the Bank for collection. Thus, proceeds of the instruments deposited will not be available for withdrawal until collected by the Bank.

Reversal of wrongly credited amount

The Bank reserves the right to debit any account that may have been inadvertently credited with an item/transaction subsequently unpaid on collection or detected as the wrong entry without giving any information to the customer.

Dormancy & Unclaimed Account

Prime NOW Transaction Account will be transferred to:

• Inactive status after 6 months of no activity
• Dormant status after 18 months
• Requires re-eKYC for account reactivation
• As per section 35 of the Banking Company Act 1991, Accounts will be transferred to Unclaimed account status after 10 (ten) years if there has been no transaction in the said account by the customer.
• No customer initiated transaction is allowed in the Dormant account unless the account holder(s) applies to Prime NOW to regularize the account status presenting prescribed documents.

Holiday Processing

Any transaction on Bank Holiday or after Business Hours of the Bank shall be shown in the account, at the sole discretion of the Bank, as having taken place on the succeeding Working Day and not the actual day of the transaction and all the deductions/accretions on such amount shall be deducted/accrued as of such Working Day. Bank shall not be responsible for any loss of profit or exchange rate or liability incurred/suffered by the customer, including but not limited to the loss of profit arising due to such transaction not being shown on the day the same occurred.

Confidentiality and Disclosure of Information

Whilst the Bank maintains strict confidentiality in all matters relating to my account (s) and business, I hereby authorize the Bank (and/or/any of its offers or employees) to disclose any information concerning me, my business. my accounts held with the Bank or another Group Member, or my relationship with the Bank or another Group Member, to any of the following (a) any office or branch of the Bank or another Group Member; (b) any agent, contractor or third-party service provider, or any professional adviser of the Bank or another Group Member; (c) any regulatory, supervisory, governmental or quasi-governmental authority with jurisdiction over the Bank or another Group Member (d) any person to whom the Bank is required or authorized by law or court order to make such disclosure, (e) any person who is under a duty of confidentiality to the Bank (f) any Bank or financial institution with which I have or proposes to have dealings regardless of whether the recipient in each case is located in Bangladesh or in another country, and regardless of whether such information will be following disclosure be held. processed used or disclosed by such recipient in Bangladesh or another country.

Indemnity

I also agree to fully indemnify the Bank against all costs and expenses (including legal fees) arising in any way in connection with the above accounts, these terms and conditions or, in enforcing these terms and conditions and in recovering any amount due to the Bank of incurred by the Bank in any legal proceedings of whatever nature.

Waiver

No forbearance, negligence or waiver by the Bank in the enforcement of any of these terms and conditions shall prejudice the Bank's right thereafter to strictly enforce the same. No waiver by the Bank shall be effective unless it is in writing.

Variations

The Bank may amend these terms and conditions at any time by not less than 14 (fourteen) Days' notice to me specifying the effective date of the amendment. If I use any banking facilities after the effective date of the amendment, I shall be deemed to have received notice of the amendment and to have decided to continue to use the Banking facilities upon the revised terms and conditions. I further acknowledge that in the event of any changes being communicated to me, the Bank is not obliged to obtain my signature for receipt of such communication,

Notice

Save as otherwise provided in these terms and conditions, any demand or communication made by the Bank under these terms and conditions shall be in writing and made at the address given by me (or such other addresses as I shall notify the Bank from time to time) or emailed/ sent SMS (in my given number and I shall notify or update in case of changes) and, if posted, shall be deemed to have been served on me on the date of posting.

Force Majeure/Technical Problem

Notwithstanding anything to the contrary contained herein, nothing herein shall apply if the Bank is prevented from discharging any or all of its obligation herein or otherwise due to any cause arising out of or related to Force Majeure or technical problem for any reasons beyond the reasonable control of the Bank.

Governing Law

These terms and conditions shall be governed by and construed in accordance with the laws of Bangladesh, and I hereby irrevocably submit to the non-exclusive jurisdiction of the courts of law of Bangladesh. Such submission shall, however, not prejudice the rights of the Bank to bring proceedings against me in any other jurisdiction or courts of law elsewhere. However, all accounts shall be subject to the provisions of the guidelines/circulars together with any alteration/modification thereto effected by Bangladesh Bank from time to time. I/We have gone through the terms & conditions mentioned above and understood them entirely and undertake to abide by those terms & conditions relating to the account. I/We also agree to be bound by such terms & conditions as may be amended or supplemented from time to time,

Deposit Pension Scheme

Any Bangladeshi national having a Prime NOW Transaction Account with Prime Bank PLC. is eligible to open a DPS Account. There are two types of DPS

Prime NOW Fixed DPS:

• The installment amount is fixed in this DPS and cannot be changed. As per the customer goal customer will set the installment frequency and duration of this DPS.
• The tenure for this account is as per product nature which is from minimum 6 to 120 months. Customer can choose any tenure in months between these.
• Installment Frequency can be weekly or monthly. Customer will get the opportunity to select the installment date during account opening.
• System will automatically realize instalment amount from “Prime NOW Transaction Account” on specific date. Customer initiated transfer isn’t allowed.
• In case of unavailability of fund in transaction account, system will create demand on the account and realize when fund is available in the account.
• Premature encashment is allowed. The interest rate for premature encashment will be 1% less than the applicable interest rate for the tenure from the account opening date on the deposited amount. Principal amount is protected, and maturity amount cannot be negative.
• Customer will get interest as per savings account rate (based on amount) for premature encashment before 6 months.
• Partial Closure is not allowed.

Prime NOW Flexi DPS:

• There is no preset installment amount and frequency. Customer is free to deposit any amount at any point in time. The maximum amount any customer can deposit is the Goal Amount (cumulatively excluding Interest Amount).
• The tenure for this account is as per product nature which is from minimum 6 to 120 months. Customer can choose any tenure in months between these.
• As per product nature funds can be transferred by customers through customer-initiated funds transfer from Prime NOW or any other account within or outside Prime Bank. Others can deposit money to share customer goal. Customer can receive funds from 3rd Party accounts within or outside Prime Bank.
• If a customer does early payment of the goal amount then it will be marked as achieved and customer will be given the option to get the money transferred to transaction account or keep the money in DPS account till maturity date. If the customer keeps the money till maturity date then he will get the interest rate of the maturity month as stated but if customer withdraws the money early he will get the interest amount as per pre encashment rate, as he is withdrawing early.
• Premature encashment is allowed. Premature encashment/ closure rate will be as per product nature. Here Premature interest rate will be 1% less than the specific rate of the specific slabs for the time from account opening. Principal amount is protected and amount cannot be negative.
• Partial withdrawal is not allowed

Interest will be calculated on daily basis on the deposit made by the customers. The accrued interest will be posted in the customer’s Deposit Pension Scheme account at the end of each month. Interest will be given on the cumulative amount. Customer will get advantage of compounding.

Customer has to set minimum goal amount as per product nature.

The Interest rate may be changed by ALCO any time. The interest once contracted will be fixed for the tenure of the DPS.

For each Scheme, a separate DPS account need to be opened. Government Charges (like excise duty) will be applicable for each account.

In case of premature encashment, Prime NOW shall apply prevailing premature encashment policy and adjust the tax and other duties (as applicable)

Due to late payment/ irregular payment/non-payment/ time variations in payment of installment(s), actual matured amount may vary from initially communicated amount on maturity.

Interest will be credited after deducting the applicable taxes, duties etc. as per existing rules & regulations. Govt. Tax, VAT, Excise Duty & all other related Govt. levies will be borne by the customer & will be deducted as per prevailing regulatory guidelines.

Digital Customer Acknowledgment Receipt will be generated during opening the Scheme. It is only evidence of deposit and not a document of title and is not transferrable. It cannot be pledged as security but it can be lined for securing Prime NOW loan (depending on Prime NOW loan product nature).

If Scheme account is liened for securing Prime NOW loan, then the Bank shall be at liberty to encash this scheme at any time and adjust the loan if the loan liability is not adjusted on due time.

Upto 10 nominees can be added and Nominee's Personal required Information has to be added. If nominee is a minor and remains a minor during the death of the accountholder(s), according to Bank Company Act, 1991 Section 103(2), the information of the guardian authorized to draw the deposit on behalf of minor will have to be provided along with Nominee's Personal Information.

The Bank and the Account Holder are under the full compliance of all Ordinance, Acts, in force, adopted and enacted by the People's Republic of Bangladesh or imposed from time to time under its jurisdiction any rules-regulations, lawful order, discretions, circulars or notifications in relation to open, operation, closure, encashment, nomination, change of nomination of the Scheme or disbursement of the proceeds thereof in favor of the Nominee(s) after the death of Account holder(s) of this Scheme.

Closure on Maturity: On maturity the scheme will be closed automatically & the principal along with interest will be credited to the Prime NOW Transaction account after deduction of applicable taxes & excise duty.

These terms & conditions are applicable to the Bank's customers and governed by the laws, rules & regulations of the Central Bank of Bangladesh and policies & guidelines of the Bank in accordance with the laws of the land. Any person opening an account with the Bank shall be deemed to have read, understood & accepted the terms & conditions herein governing the account.

Fixed Deposit Account(s)

• Any Bangladeshi having a Prime NOW Transaction Account is eligible to open a Prime NOW Fixed Deposit (FD) Account.
• For each FD, a separate FD account must be open.
• FD account will be opened upon availability of required fund in the Linked Transaction Account.
• Up to 10 nominees can be added against each account. For adding nominee required information must be added against each account.
• If the nominee is minor, completed Nominee’s Personal Information along with information of Legal Guardian on behalf of minor is required.
• The Amount of the FD & Tenor will not be changed in any case. If required, new account to be opened.
• Fixed Deposit will be matured after the duration specified by the customer during account opening. At maturity, depending on the instruction provided by the customer, one of the following will be applicable:
  • Renew Principal & Interest: At maturity, both the principal and accrued interest will be renewed for the same tenure as specified by the customer during initial FD opening. The prevailing interest rate will be applicable at the time of renewal.
  • Renew Principal Only: At maturity, only the principal amount will be renewed for the same tenure as specified by the customer during initial FD opening. The prevailing interest rate will be applicable at the time of renewal.
  • No Renewal: FD will not be renewed. At maturity both principal and interest amount will be credited in the transaction account.
  • Interest amount is subject to applicable Tax deduction. Based on the latest PSR (Proof of Submission of Return) availability Tax rate would be determined.
• There will be two types of FD. Cumulative and non-cumulative:
  • Non-Cumulative: Interest is credited quarterly to Prime NOW transaction account if the tenure is 1 year or more, for any FD less than 1 year interest will be paid at maturity (mandatory for Tenure less than 1 year)
  • Cumulative: Interest will be capitalized on top of principal quarterly (for tenure 1 year or more)
• To open FD account minimum deposit amount required is BDT 1000. Can be changed as per product nature.
• Fixed deposit maturity tenure range is from 15 days to 36 months.
• Interest will be calculated daily and credited at maturity (non-cumulative) or quarterly (cumulative/ non-cumulative if one year or more)
• Interest rate will be as per the set rate by ALCO. No interest will be there if closed before 15 days
• If any FD Account is encashed before maturity, then the customer will receive interest according to the product nature as following:
• Fixed Deposit (FD) Account Premature Rules:
• If the account is before 15 days: No interest will be paid to the customer.
• If the account is encashed after 15 days but before maturity: Customer will be entitled to receive interest as per product nature and SOC (currently 1% less interest than the applicable interest rate for the tenure from the day of FDR opening.
• Partial withdrawal is allowed. Penalty will be as per the SOC.
• Digital FD Advice will be generated and is only evidence of deposit and not a document of title. It is non transferrable and cannot be Lien as security against any loan other than Prime Now offered loan(s).
• The interest rate will remain fixed for the entire tenure until renewal. In case of auto renewal, prevailing product parameters and interest rate will be applied.
• Interest will be credited after deducting the applicable taxes, duties etc. as per existing rules & regulations. Govt. Tax, VAT, Excise Duty & all other related govt. levies will be deducted as per prevailing regulatory guidelines.
• The Bank and the Account Holder are under the full compliance of all Ordinance, Acts, in force, adopted and enacted by the People’s Republic of Bangladesh or imposed from time to time under its jurisdiction any rules-regulations, lawful order, discretions, circulars or notifications in relation to open, operation, closure, encashment, nomination, change of nomination of the FD or disbursement of the proceeds thereof in favor of the Nominee(s) after the death of Account holder(s) of this FD.
• If the FD is liened (based on Prime NOW Loan PPG) by the account holder for securing any Prime NOW loan, then the Bank shall be at liberty to encash the FD at any time and adjust the loan if the loan liability is not adjusted on due time and/or renew the FD without any further instruction from the account holder till the expiry of the loan and thereafter encash this FD and adjust the loan if the loan is not settled by the account holder before expiry.
• If any Prime NOW loan is liened with this account is not settled on or before the maturity/closing date of the account, premature encashement clause will be followed.

These terms & conditions are applicable to the Bank’s customers (existing & new) and governed by the laws, rules & regulations of the Central Bank of Bangladesh and policies & guidelines of the Bank in accordance with the laws of the land. Any person opening an account with the Bank shall be deemed to have read, understood & accepted the terms & conditions herein governing the account.