EBL unveils savings account for students

Ali Reza Iftekhar, managing director of Eastern Bank, hands a dummy cheque book to a student at the launch of EBL Junior, a savings account for students, at Rajuk Uttara Model College in Dhaka yesterday. Colonel ASM Mushfiqur Rahman, principal of the college, was also present. Photo: EBL

Eastern Bank Ltd (EBL) yesterday launched a savings account for students to rope in the young population under banking umbrella, helping them understand benefits of savings.
Ali Reza Iftekhar, managing director of EBL, unveiled the new product of the bank at Rajuk Uttara Model College, said the private commercial bank in a statement.
The new savings account 'EBL Junior' offers 6 percent interest on daily balance to be paid semi-annually.
Students aged between 11 and 17 years will be eligible for opening the account at EBL branches, individually or jointly with parents. The account holder will enjoy facilities such as internet banking and ATM.
The account will instill savings habit into the students and familiarise them with modern banking, the bank said.
Parents can use the account to save for the future expenses of their children, such as higher education, marriage or any other purpose.
AKM Mushfiqur Rahman, principal of Rajuk Uttara Model College, and Muklesur Rahman, deputy managing director of EBL, were also present at the ceremony.