Prime Bank Limited

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MSME Business Account

MSME Business Account is a non-interest bearing current account. It is basically a transactional account through which account holders can transact in day to day operations. This account can be used for collecting sales proceeds, paying duties & taxes, vendor/ suppliers etc.

The basic features of MSME Business Accounts are as follows:

	Auto balance swapping facility with linked account.

	Prime Bank Branded Debit card (Debit Card will be issued in the name of sole proprietor).

	No Transaction bar

	Transaction alert through SMS

	Internet Banking Facility (inter-bank and intra-bank account transaction)

	E statement facility

	Payments and collections through BEFTN of any value (Bangladesh Bank Policy to be followed).

	Payment facility through RTGS.

For Sole Proprietorship

	Two Passport Size Photograph of the Proprietor

	One Passport Size Photograph of the Nominee

	Copy of valid & updated Trade License

	Copy of Utility bill (recently paid but not exceeding 2 months)

	Permission from Bangladesh Bank (For buying house, indenting or other specific businesses)

	Copy eTIN Certificate.

For Partnership

	Copy of Certified Partnership Deed/Agreement

	List of the Partners with Address

	Copy of valid Trade License

	Copy of Utility bill (recently paid but not exceeding 2 months)

	Photographs and Photo ID (NID/Passport) of the signatories / Partners

	Evidence of the trading address

	Copy of eTIN Certificate

	Copy of VAT Certificate (if applicable)

For Private Limited Company

	Copy of RJSC Certified Memorandum & Articles of Association of the Company

	Copy of RJSC CertifiedCertificate of Incorporation

	Board Resolution / Extract of the Board Resolution (Original in Company’s letter head pad)

	Copy of RJSC certified Form X& Form XII

	Photograph of the signatories

	Copy of NID of Signatories/ Directors

	Copy of Utility bill (recently paid but not exceeding 2 months)

	Copy of eTIN Certificate

	Copy of VAT Certificate (if applicable)

	Copy of Valid & Up to dated Trade License

For Club/Society/NGO Account

	Two Passport Size Photograph of the Account holder(s)/ Signatory(s)

	Photo Identification (NID/ Passport) of the signatory(s)

	Copy of Permission from the NGO Bureau / Ministry of Social Welfare (in case of NGO)

	Original copy of Resolutions of the Executive Committee (in Company’s letter head pad)

	Copy of RJSC certified Trust Deed

	Copy of Utility bill (recently paid but not exceeding 2 months)

	Copy of RJSC certified Article of Association

	Copy of RJSC Certified Memorandum of Association

	Copy of eTIN.

In addition to the above, RM/BDM/ Head of Branch may seek additional documents for their comfort and to fill up KYC requirement.