Mutual Trust Bank Limited on Sunday launched a number of deposit and credit products focusing on students.
The products were launched at a programme at MTB tower in the city with Mutual Trust Bank managing director and chief executive officer Anis A Khan in the chair.
The bank launched four deposit products for students, MTB Junior, MTB Graduate, MTB Education Plan and MTB Children Education Deposit Scheme and a loan product MTB EDU Finance. It also launched MTB Student File service, a one stop fund transfer facility for students going abroad for education purposes.
Anis A Khan said, ‘We believe in bringing innovative products for our customers and in line with that the student banking products of the banks were introduced.’
MTB additional managing director and chief operating officer Hashem Chowdhury, DMD and chief business officer Syed Rafiqul Haq and head of SME and retail banking Tarek Reaz Khan head of retail business Md Towfiqul Alam Chowdhury and group chief communication officer Azam Khan were also present on the occasion.
Under the MTB EDU Finance, parents would get Tk 50,000 to Tk 20 lakh in loans for their children’s study purposes against their salary, Tarek Reaz Khan said.
He also said that the entity have 18,000 MTB graduate customers and 2,000 MTB Junior customers.
Interest rate for the deposit products would be 4.8 per cent, while the interest against credit facility would be 11.5-12.5 per cent, Reaz said.
With the deposit schemes, students will also get other benefits like insurance coverage.
Most of the accounts would be free from any kind of hidden fees or charges, he said.
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