BASIC BANK LTD

Company Introduction: BASIC BANK LTD

BASIC BANK LTD, officially known as Bangladesh Small Industries and Commerce Bank Limited, is a state-owned commercial bank operating in Bangladesh. It was established with the primary objective of providing financial services, particularly focusing on financing small and medium-sized enterprises (SMEs) and fostering industrial and commercial development within the country. The bank operates under the regulatory framework of the Bank Companies Act and the Companies Act of Bangladesh, offering a range of banking products and services to its customers, including deposits, loans, credit facilities, and other financial solutions.

BASIC BANK LTD is not a factory.

BASIC BANK LTD is not a trading company.

It is a financial service provider.

BASIC BANK LTD, a state-owned commercial bank in Bangladesh, offers a range of banking products and services. These typically include:

Deposit Products:

Current Accounts

Savings Accounts

Fixed Deposit Receipts (FDR)

Short Term Deposit (STD) Accounts

Various Special Deposit Schemes (e.g., Monthly Savings Schemes, Millionaire Schemes, Double Benefit Schemes)

Loan Products:

General Credit (Working Capital, Term Loans)

Small and Medium Enterprise (SME) Loans

Agricultural Loans

Industrial Loans

Consumer Loans (e.g., House Building Loans, Auto Loans, Personal Loans)

Trade Finance:

Letters of Credit (L/C)

Bank Guarantees

Inland Bill Purchase

Foreign Bill Purchase

Export Finance

Other Services:

Remittance Services (Inward and Outward)

Online Banking

ATM Services

Locker Services

Electronic Fund Transfer (RTGS, BEFTN)

Utility Bill Collection