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EBL Junior Saver’s Islamic Account

EBL Junior Saver’s Islamic Account is based on Mudarabah contract of Shariah with special features designed for children/minors and students under the age of 18. The account provides an opportunity to build a bright future for children by encouraging savings habits and at the same time familiarizing them with banking transactions under Islamic values and principles. Student’s account will be treated as School Banking Account as per Bangladesh Bank’s guidelines

What is the account about?

This is a children only account operated by the parents until his/her maturity (until the age of 18 years).
Parents can open an account for their child even before they start school.
After the age of 18 years, the account will be operated by the account holder independently.

What is there for you?

Now you can help your children save and spend money wisely. With EBL Junior Saver's Islamic Account, you can deposit pocket money directly into your child's account. The best part is, you can maintain full control over the account while your child enjoys the benefits of banking.

Key Features

Higher profit rate than normal Islamic savings account
Profit will be calculated on daily balance.
Free Local debit card for child.*
Free cash withdrawal facilities at all EBL ATMs and CRMs.
Free cash deposit facilities at all EBL CRMs.
Free online transactions from any branch
Free Skybanking mobile App facilities.
No minimum balance fee.
No account maintenance fee.
Minimum initial deposit amount is only BDT 100/=
No minimum balance for profit accrual.

Eligibility

Bangladeshi children / student below 18 years of age.
The account can be opened and operated by parent or legal guardian

Required documents to open EBL Junior Saver's Islamic Account

For infant accountholder

One copy passport size photograph of the minor accountholder (attested by account operator).
Photocopy of Birth Registration Certificate/Passport (minor accountholder).

For Student account holder

One copy passport size photograph of the student accountholder (attested by account operator).
Photocopy of Birth Registration Certificate/Passport (minor accountholder).
Photocopy of student ID card or Certificate from educational institution or Payment slip of latest tuition fees. (for student account holder)

For Parent/ Guardian (account operator)

One copy passport size photograph of parent (account operator)
Photocopy of Parents National ID/Passport (account operator)
Photocopy of operator’s e-TIN Certificate and proof of submission of return (optional).

For Nominee

One copy passport size photograph of the nominee (attested by the operator)
Photocopy of NID Card /Passport of nominee.

Other Documents

Copy of recent utility bill (any one of Gas, Electricity, Wasa, Telephone) as a proof of mailing address.
EBL reserves the right to request additional document(s) to ensure due diligence.

Account Opening Form

To open EBL Junior Saver’s Islamic Account “EBL Islamic banking Account Opening Form: Individual Account” to be filled up including “Contract and General Rules and Terms & Conditions for EBL Islamic Banking Account”.
A separate CIF will be used for information of account operator (parent/legal guardian).
Operating parent will sign as applicant in AOF and Contract.