Deposit Accounts & Recurring Deposit Schemes

Complete guide to all Sonali Bank PLC deposit products, interest rates, eligibility and requirements

Deposit Accounts

  • Interest-bearing local currency account.
  • Minimum initial deposit: BDT 1,000.
  • Joint account allowed; e-KYC via e-Sheba App or branch.
  • Cheque book & Debit Card.
  • 24/7 e-Wallet, online banking, SMS & call center.
Eligibility: Individuals (18+), corporate bodies, trusts, clubs, associations, trading & non-trading concerns.
Interest Rate: Competitive.
Requirements: NID/Passport/Driving License, photos, nominee photo, trade license (business).
Fees: Nominal as per schedule.

  • Non-interest bearing account for business transactions.
  • Minimum deposit: BDT 2,000 – 5,000.
  • Cheque book & Debit Card (individual/proprietorship).
  • e-Wallet (sole proprietorship), online banking, SMS.
Eligibility: 18 and above years old Individual, Sole Proprietorship Business , Corporate Bodies, Trust, Club, Association, Societies, Trading & Non - Trading Concerns.
Requirements:
  • Photocopy of NID/Smart Card/Passport/Driving License
  • Trade license (For business A/c) and other documents (if required)
  • Two copies of recent passport size photograph duly attested by the introducer
  • One copy of recent passport size photograph of the nominee attested by the A/C holder
  • Bank may ask any additional documents if required so.

Fees: Nominal as per schedule.

  • Interest-bearing deposit requiring advance withdrawal notice.
  • Minimum initial deposit: BDT 2,000 – 5,000.
  • Cheque book, Debit Card, e-Wallet & online banking.
Eligibility: Individuals, corporate bodies, trusts, clubs, societies.
Interest Rate: Competitive (daily basis).
Fees: Nominal as per schedule.

  • Minimum deposit & balance: BDT 20,000.
  • No interest if balance falls below BDT 20,000.
  • Interest credited half-yearly; minimum 6 months tenure.
Eligibility: Bangladeshi individuals aged 18+ only.
Interest Rate and Payment Method: Interest will be calculated at the rate of 5% per annum on the daily balance. If the balance falls below BDT 20,000 at any time during a month, no interest will be paid for that entire month. Interest will be calculated and credited on a half-yearly basis. No interest will be payable if the account has not completed a minimum tenure of six (6) months.

  • For students aged 6 to below 18 (operated by guardian).
  • Minimum deposit: BDT 100.
  • Free Debit Card & SMS alerts.
  • Automatically converts to Savings A/C at age 18.
Requirements:
For Student
  • Birth Certificate.
  • Valid student ID card
  • Latest monthly Tuition fee receipt
  • Recent Passport size photograph For Guardian
For Guardians
  • Photocopy of NID/Smart Card/Passport/Driving License
  • Recent Passport size photograph

Fees: No service charge.

  • Tenure: 3, 6, 12 months and above.
  • Interest and principal paid at maturity.
  • Automatic renewal option.
  • Loan facility up to 90% of deposit.
  • Open/encash via Sonali e-Wallet.
Interest Rate: click here
Fees: No service charge.

  • Maintain USD, EUR, GBP or JPY accounts.
  • No minimum balance required.
  • Interest on balances above USD 1,000.
  • Freely remit and convert foreign currency.
Eligibility: NRBs, foreign nationals, foreign firms, missions.
Interest Rate: As per Bangladesh Bank FE circular.
Fees: Nominal as per schedule.

Recurring Deposit (RD) Schemes / DPS

Monthly savings schemes that help build wealth over time. Deposit dates are 1st–12th of each month. Loan facility available up to 90% of deposited amount.

  • Eligibility: Any Bangladeshi national aged 18 years or above.
  • Account Type: Individual or Joint RD accounts can be opened.
  • Deposit Schedule: Monthly installment must be deposited between the 1st and 12th day of each month.
  • Loan Facility: Loan facility available up to 90% of the total deposited amount as per Bank rules.
  • Transaction Facilities: Free online transaction facilities and instant SMS notifications.
  • Encashment: Encashment facility available on any working day subject to scheme terms.
  • Required Documents:
    • Photocopy of NID / Smart Card / Passport / Driving License.
    • Two copies of recent passport-size photographs duly attested by the introducer.
    • One copy of nominee’s passport-size photograph duly attested by the account holder.
    • Any additional documents if required by the Bank.
  • Fees & Charges: No service charge applicable for opening or maintaining RD accounts.

N.B.: For details, please contact the nearest Branch / Sub Branch of Sonali Bank PLC.

Sl. No. Name of RD Scheme Interest Rate Monthly Installment Tenure
1 Sonali Deposit Scheme 6.50% (Compounded) BDT 500 – 10,000 5 Years
2 Education Deposit Scheme 6.50% (Compounded) BDT 500 – 10,000 10 Years
3 Medical Deposit Scheme 6.50% (Compounded) BDT 500 – 10,000 10 Years
4 Rural Deposit Scheme 6.50% (Simple) BDT 100 – 1,000 7 Years
5 Marriage Savings Scheme 6.50% (Compounded) BDT 100 – 10,000 10 Years
6 Non-Resident Deposit Scheme 7.00% (Simple) BDT 5,000 – 15,000 5 Years
7 Sonali Bank Retirement Savings Scheme 10.00% (Simple) BDT 3,00,000+ 3–15 Years
8 Sonali Bank Millionaire Scheme 6.00%–7.00% (Compounded) As per scheme 4–20 Years
9 Shawdhen Sanchay Scheme Existing Savings Rate + 3% Initial BDT 1,000 5 or 10 Years
10 Anannya Sonali Deposit Scheme 9.00% (3Y) / 9.25% (5Y) BDT 1,000 – 10,000 3 & 5 Years
11 Sonali Lakhpoti Deposit Scheme 5.00%–5.50% (Compounded) BDT 2,600 / 4,000 2 & 3 Years
12 Sonali Monthly Profit Deposit Scheme 8.25% (Simple) BDT 1,00,000+ 3 Years
13 Sonali Probashi Monthly Benefit Scheme 8.50% (Simple) BDT 2,00,000+ 3 Years
14 Sonali Special Deposit Scheme 8.50% (Simple) BDT 1,000+ 3 Years
15 Sonali Probashi Bandhan Scheme 9%–10% (Compounded) BDT 1,000+ 3, 5, 10 Years

Note: Interest rates are subject to change as per Bangladesh Bank and Sonali Bank PLC policies.