Eastern Bank Limited will be an effective commercial bank by maintaining a social growth and strategy, delivering high-quality financial products, providing excellent customer services through an experienced management team ensuring good corporate governance in every step of the banking network. A bank is a financial institution licensed to receive deposits and make loans. Eastern Bank Limited may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. In most countries, banks are regulated by the national government or central bank. Bank is the best for saving money. Banks accept deposits and make loans and derive a profit from the difference in the interest rates paid and charged, respectively. Banks are critical to our economy.
AT A GLANCE of Eastern Bank Limited
Eastern Bank Limited, the largest specialized bank of the country, was established on August 8, 1992 finance climate-dependent uncertain and risky agriculture sector. Eastern Bank Limited performs all sorts of banking activities including deposit, loan and foreign exchange transactions has introduced Online Banking, Computerized Banking and and automated foreign remittance system.
Mission of Eastern Bank Limited
Bank accept deposits and make loans. Eastern Bank Limited wants to service all people .People can take loans from the bank for their developing. people can take loans from bank but it has some requirement. If anyone wants to loans at first Man has to NID card. If you don’t have NID card. You can not take loans from the bank. Although banks do many things, their primary role is to take in funds called deposits from those with money, pool them, and lend them to those who need funds.
Banks are intermediaries between depositors who lend money to the bank and borrowers whom the bank lends money. There are a few industrial banks in India. But in some other countries, notably Germany and Japan, these banks perform the function of advancing loans to industrial undertakings. Industries require capital for a long period for buying machinery and equipment. Industrial banks provide this type of Mock capital. Industrial banks have a large capital of their own. They also receive deposits for longer periods. They are thus in a position to advance long-term loans.
Vision of Eastern Bank Limited
Bank accepts deposits and give interest to consumer. Banking institutions were created to provide loans to the public. As economies grew, banks allowed members of the general public to increase their credit and make larger purchases. Bank helps people so that they can save their money to keep at the bank. BCB Credit card offering the lowest interest in the whole banking industry. On cash withdrawal BCB credit card holders have to pay only 18% interest annually /1.5% monthly /BDT 0.50 per thousand which is still lowest in the country’s banking industry
Advantage of Eastern Bank Limited
Bank is the best way for saving money in the world. I have to agree it .The bank is very helpful for the people of the country. The bank give loans and accepts deposits. The bank can exchange money for any country. All above, Bank is very important for peoples. People can make money from bank by saving money. People takes loans from the bank their bad situation and can pay their loans by the installment.
It is one of the best helpful system for the people in the country. There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks. In most countries, banks are regulated by the national government or central bank. Banks are a very important part of the economy because they provide vital services for both consumers and businesses.
As financial services providers, they give you a safe place to store your cash. Through a variety of account types such as checking and saving accounts, and certificates of deposit (CDs), you can conduct routine banking transactions like deposits, withdrawals, check writing, and bill payments. You can also save your money and earn interest on your investment. Just like any other business, the goal of a bank is to earn a profit for its owners. For most banks, the owners are their shareholders.
Eastern Bank Limited do this by charging more interest on the loans and other debt they issue to borrowers than what they pay to people who use their savings vehicles. Using a simple example, a bank that pays 1% interest on savings accounts and charges 6% interest for loans earns a gross profit of 5% for its owners. Eastern Bank Limited play the most important role in modern economic organization. Their business mainly consists of receiving deposits, giving loans and financing the trade of a country.
They provide short-term credit, lend money for short periods. This is Eastern Bank Limited special feature. Exchange banks finance mostly the foreign trade of a country. Their main function is to discount, accept and collect foreign bills of exchange. They also buy and sell foreign currencies and help businessmen to convert their money into any foreign money they need.
Their share in the internal trade of a country is usually small. In addition, Eastern Bank Limited carry on ordinary banking business too. Cash credit hypothecation is a kind of running account that offers a credit limit. Borrower can withdraw up to that credit limit. Cash credit hypothecation use by the business person to meet the day to day business expenses. It requires inventory to be kept as security
Proposed Amount of Charges, Fees & Commission
Cash-out at Agent 1.8% of Txn Amt 0.9% of TXN Amt
Cash-out at EBL branches 0.9% of Txn Amt TK. 10 per Txn
Cash-out from EBL ATM 0.9% of Txn Amt Free
Document required applying for Eastern Bank Limited Credit card
- Salary Certificate/Pay Slip (service holder)/Photocopy of Valid Trade License (Business professional)
- Bank Statement for last 06 months (salary A/C preferable for service holder)
- TIN Certificate
- PP Sized recent Color Photograph 02 Copies
- Photocopy of NID Card/First 05 Pages of Passport
- Visiting Card/Photocopy of office ID
- One undated MICR Cheque
- One Personal Guarantor (Relative Preferable)
- Charge Documents (Demand Promissory, Letter of Agreement/Arrangement, Letter of Continuity, Personal Letter Of guarantee)
- Branch Recommendation mentioning Amount
Maps of Eastern Bank Limited
You may also like
Congratulation!