Quick Access

SME Business Account

“NCC SME Business Account” is designed for any kind of Bangladeshi entity/organization/enterprise involved in CMSME (Cottage, micro, Small, Medium) business who have trade license. It is an interest-bearing relationship account in entity/ organization/ enterprise name. The aim of this account is to facilitate business transactions, earn interest on daily balance. network of NCC Bank PLC.

Eligibility:

  • All CMSME customers as per definition provided by BB from time to time in the name of client’s business.
  • Must have valid Trade license/Partnership Deed/documents for Limited Liability Company issued by competent authority to conduct the business.
  • National ID card of the proprietor/partners/directors.
  • Other usual documents as per account opening requirements specified by Bangladesh Bank time to time.
  • Availability: ALL NCC Branches & Sub branches.

    Minimum Initial Deposit Amount: Tk.5,000/.

    Interest Calculation: Interest will be calculated on daily balance amount. Customer will not get interest for the particular month(s) if number of monthly withdrawals exceeds 10 (Ten).

    *Customer will require to maintain minimum credit balance of Tk.25,000.00 as day-end balance to be entitled for the interest. No interest will be allowed for the day when any day-end credit balance is less than Tk.25,000.00.

    Mode of Operation: Singly, Jointly, Either/ Survivor, Anyone as per customer requirement.

    Debit Card: Smart Business Debit Card is available in the name of business.

    Cheque Book: Available.

    Account Maintenance Fee: As per schedule of Charges of NCC Bank.

    Account Closure Fee: As per schedule of Charges of NCC Bank.

    Tax, Excise Duty & VAT: Will be deducted as per Government rules.

    Key Benefits:

    • Unlimited business transaction, no restriction.
    • Internet Banking facility.
    • SMS alert facility.
    • Free Online Banking Facility.
    • ATM cash withdrawal from any ATM booth of any bank in Bangladesh is free.

    Sole Proprietorship Account:

    • Identity documents (any of the following for Proprietor and Beneficial Owner (if any)):
      • a) National ID card
      • b) Passport
      • c) Birth Registration Certificate
    • Photograph
    • Recent Passport size photograph of applicant(s).
    • For Identity of Proprietorship Firm: Trade License (valid up-to date copy)
    • Other documents - as required and instructed by NCC Bank PLC and Bangladesh Bank.
    • Copy of TIN/ Tax Acknowledgement Certificate/ TIN Certificate (As applicable)

Partnership Firm:

  • Identity Document (any of the following) and Beneficial Owner (if any):
    • a. National ID card
    • b. Passport
    • c. Birth Registration Certificate
  • Recent Passport size photograph of each partner
  • For identity & operation of Partnership Firm:
    • a. List of Partners with their addresses
    • b. Trade License (valid up-to date copy)
    • c. Partnership deed/ partnership letter (registered)
    • d. Beneficial Owner profile for each partner/ shareholder(s) (In applicable cases)
    • e. Resolution of the meeting regarding the opening, operations and signatories of the account
    • f. Copy of Certificate of Registration of the Firm (In case of Registered Partnership)
  • Other documents - as required and instructed by Bank and Bangladesh Bank
  • Copy of TIN/ Tax Acknowledgement certificate/ TIN Certificate (As applicable)

Private/ Public Limited Companies:

  • Identity Document
  • For all directors, beneficiary and signatories/operators:
    • a) National ID Card or
    • b) Passport
  • Recent Passport size photograph of all directors/beneficial owners of the company and signatories/operators
  • For Identity and operations of the company:
    • a) Trade License (up-to-date copy)
    • b) Certified true copy of the Memorandum and Articles of Association of the company duly certified by RJSC
    • c) Certified true copy of Certificate of incorporation
    • d) Up-to-date list of directors with address (Certified true copy of Form XII), Schedule-X; Form-117 (if share transferred)
    • e) Certified copy of the Letter of Commencement of Business (in case of Public Ltd. Co.)
    • f) Extract of resolution/resolution of the board/general meeting of the company for opening the account and authorization for its operation duly certified by the Chairman/Managing Director of the company
    • g) Power of attorney granted to its Managers, Officials, or Employees to transact business on its behalf (if any)
    • h) List of names with appointments and specimen signatures of the persons authorized to operate the account
  • Identity documents of the account signatories, details of their relationship with the company. Subsequent changes to signatories must be verified.
  • Other documents - as required and instructed by Bank and Bangladesh Bank
  • Copy of TIN or Tax acknowledgment certificate, TIN Certificate (As applicable)