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EBL Executive Islamic Savings Account (Payroll Account)

EBL Executive Islamic Savings Account (EBL-EISA) is a Mudarabah based savings account exclusively designed for the employee of corporate houses under payroll MOU with EBL with some distinct features. This account will be very appealing for Islam loving customer. Any individual aged between 18-59 years with enrollment can open EISA account and can continue up to the age of 60 years. Through this account, EBL Islamic Banking is providing administrative support to payroll organization as well as facilitate customized banking solutions for the employees of payroll organization.

Contract

EBL Executive Islamic Savings Account is based on the Islamic partnership contract Mudarabah.

Key Features

Higher profit rate than normal Islamic savings account.
No minimum amount to open.
Free first Cheque book (10 leaves).
Free Skybanking mobile App facilities.
Free online transactions from any branch.
Dual currency visa platinum debit card facility.*
Cash withdrawal facilities at all EBL ATMs and CRMs.
Cash deposit facilities at all EBL CRMs.
Profit on daily balance and half-yearly payable.
No minimum balance fee.
No account maintenance fee.
No minimum balance required for profit accrual.
Facility to open Islamic Term Deposit and Monthly Profit.

Eligibility

Salaried employees of corporate houses under Payroll MOU with EBL
Bangladeshi Nationals
Foreign National Expatriates working in such corporate house
Age 18 and Above

Required documents to open EBL EISA

Letter of Introduction from Employer.
Passport sized photograph (lab print) of account holder.
Photocopy of NID card/ valid Passport/ Birth Reg. Certificate (with attested photo ID).
One copy Passport sized photograph of nominee(s) (attested by the account holder)
Photocopy of NID card/ valid Passport of nominee.
Copy of Utility Bill (GAS/Electricity/WASA/Telephone). Only applicable if the correspondence address is other than the company address.
Separate Nominee Information Form for more than 1 (one) nominee.
Proof of income as accepted by the Bank.
Proof of submission of return for AIT deduction at reduced rate.
For foreign nationals, as per Foreign Exchange guideline provided by BB.
EBL reserves the right to request additional document(s) to ensure due diligence.

Account Opening Form

To open EBL Executive Islamic Savings Account (Payroll Account) “EBL Islamic banking Account Opening Form: Individual Account” will be used including “Contract and General Rules and Terms & Conditions for EBL Islamic Banking Account”.