This product is designed to facilitate the customers who want to deposit more amount at higher returns than that of normal saving accountholders.
Key Features
The minimum deposit required to open a Stars Savings account is BDT 50,000
Insurance Facility
Interest rate up to 6.00% on account balance, subject to fulfillment of criteria
No forfeiture rule
No online charges, If BDT 50,000 average balance is maintained
Cheque Book & Debit Card facility
Standing instruction facility
Online, SMS & Internet Banking service
Insurance Facility:
Death Insurance Benefit up to BDT 10,000 and Living Benefit up to BDT 5.00 Lac for treatment of 18 critical diseases, based on maintaining a required monthly average balance.
Customers must maintain a Monthly Average Balance of BDT 50,000 at all times to avail insurance benefits.
Eligibility for insurance coverage will be determined based on the six-month average balance.
Age requirement: Minimum 18 years and maximum 59 years for enrollment in the Insurance Benefit.
Insurance coverage will cease at the age of 60 years.
In the case of a joint account, only the primary account holder will be entitled to the insurance benefit.
Account holders will be eligible for the Living Benefit after 180 days of enrollment in the insurance facility.
Insurance facilities will be provided by Guardian Life Insurance Limited.
Documents Required
Completed account opening form
Passport size photograph for each account holder and nominee(s)
Proof of identification such as national/Voter's ID, Passport or Driving License of customer and nominee(s)
Source of fund related documents
Utility Bill
Tax Identification Number (TIN), Proof of Tax Return
Filled up Star Savings Account Shield Insurance Enrollment Application along with Medical Certificate to get insurance benefit