2:22 pm - Sunday October 21, 2018

MTB opens Student Banking

Mutual Trust Bank Limited (MTB) recently launched MTB Student Banking services through a simple ceremony held on April 15, 2018 at the Samson H. Chowdhury Auditorium, MTB Tower, 111 Kazi Nazrul Islam Avenue, Dhaka 1000.

Anis A. Khan, Managing Director & CEO, Md. Hashem Chowdhury, Additional Managing Launching of MTB Student Banking(1)Director & Chief Operating Officer (COO), Syed Rafiqul Haq, Deputy Managing Director & Chief Business Officer (CBO), Tarek Reaz Khan, Head of SME & Retail Banking, Md. Towfiqul Alam Chowdhury, Head of Retail Business, Azam Khan, Group Chief Communications Officer of MTB along with other senior officials were present at the launching ceremony.

Product &Features of MTB Student Banking

MTB STUDENT BANKING

Ø         MTB Junior

Ø         MTB Graduate

Ø         MTB Children Education Deposit Scheme

Ø         MTB Education Plan

Ø         MTB EDU Finance

Ø         MTB Student File Services

Special Benefits

  • Discount for Lifestyle Benefits
  • Attractive Interest Rates
  • Discount on Student File Processing Fees
  • Complimentary Insurance Coverage – MTB Junior & Graduate Accountholders will be entitled for complimentary insurance coverage

o          Group Life (GL) coverage of BDT 10,000 for natural or accidental death of paying parents

o          Loss of life of the paying parents due to accident– BDT5,000 per month for 60 months for the Tuition Protection of the student

o            Permanent Total Disability (PTD) of the paying parents due to accident – BDT5,000 per month for 60 months for the Tuition Protection of the student

o            Accidental Medical Reimbursement Benefit for student up to BDT 10,000 (only for MTB Graduate account holders)

MTB Junior

Let your youngsters enjoy the benefits of savings and secure their future. MTB Junior is an exclusive saving account for school and college students aged below 18 years. This account will be operated by the parents’ until they reach 18 years.

Features:

Ø            Attractive interest rate

Ø            Discount for lifestyle benefits

Ø         Free Cheque Book

Ø         Free Debit Card for Child

Ø         Free Internet Banking

Ø         Debit card facility for operating parents/legal guardian

Ø         No account maintenance fee

Ø         No minimum balance fee

Ø         Initial deposit amount is only BDT 100

Ø            Complimentary Insurance Coverage (Conditions Apply)

MTB Graduate

“MTB Graduate”, another unique product under the umbrella of MTB Student Banking, specially designed for the students that enable them to enjoy a rewarding world of banking. It is a specially designed savings account with no hidden charges and with attractive interest on daily balance. Any Bangladeshi student aged from 18-28 years will be eligible to open this account.

Features

Ø            Attractive interest rate

Ø            Discount for Lifestyle Benefits

Ø         Debit Card Facility

Ø         Free Internet Banking

Ø         No account maintenance fee

Ø         No minimum balance fee

Ø         Initial deposit amount is only BDT 500

Ø            Complimentary Insurance Coverage (Conditions Apply)

Ø         Interest paid monthly

Ø         Special Discount on MTB Student File and MTB EDU Finance Processing fee.

MTB Children Education Deposit Scheme

MTB Children Education Deposit Scheme is a short term recurring deposit protection scheme (DPS) which will help you to fulfill your child’s dream and aspiration. You have the option to deposit any amount at your convenience.

Features

Ø            Attractive interest rate

Ø         The duration of the scheme is 4 years

Ø         Any amount can be deposited at any time but each deposit should be a minimum of BDT 250

MTB Education Plan

MTB Education Plan is a unique recurring Deposit Protection Scheme (DPS) which will help you to secure your child’s future. This saving can be used for higher education, marriage or meeting any special needs of your children.

Features

Ø         Higher interest rate

Ø         Choice of Tenure

Ø            Monthly installment amount: Any multiple of BDT 1,000 (not exceeding BDT 20,000)

Ø         Loan facility up to 90% of the deposited amount

MTB EDU Finance

To ensure the higher education expenses of your children, MTB EDU Finance is another specially designed loan product under the umbrella of MTB Student Banking with a competitive interest rate.

Ø         MTB EDU Finance – Unsecured Term loan facility up to BDT20 Lac

Ø         MTB EDU Finance – Secured term loan

Ø         MTB EDU OD – Over Draft Revolving loan

Special Benefits:

Ø            Discount on Student File processing fees

MTB Student File Services

MTB Student File service is a customized banking solution for the students going abroad for higher education. Any student pursuing higher studies need to send fund abroad for their admission fees, tuition fees, living expenses, etc. MTB Student File enables you to transfer the expenses easily and conveniently.

Features:

Ø            Dedicated Student Centers to ensure one stop services

Ø         Easy & Quick Fund Transfer

Ø         Lower processing fee

Ø            Discount on MTB EDU Finance processing fees


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