8 Key Features of AB Bank: Savings Accounts, Loans & Branch Network

1. Introduction & Bank Profile

AB Bank PLC (formerly Arab Bangladesh Bank) is a prominent private sector bank in Bangladesh. Wikipedia It was incorporated on 31 December 1981 and is headquartered in Dhaka. Wikipedia+1 As one of the early private banks, AB Bank offers retail banking, corporate banking, SME banking, Islamic banking, credit card services, and more. Wikipedia+1

The headquarters is located at The Skymark, 18 Gulshan Avenue, Gulshan 1, Dhaka 1212. abbl.com+2abbl.com+2 The bank has a network of over 104 locations / branches across Bangladesh. Wikipedia+1

Over the years, AB Bank has positioned itself as a full-service bank catering to both individual and corporate clients, with a suite of deposit, lending, and digital services. abbl.com+2abbl.com+2

In this article, we’ll explore AB Bank’s savings accounts, how to open one, loan options, branches and contacts, digital banking, and what makes it a viable choice in Bangladesh.

2. Savings & Deposit Products at AB Bank

AB Bank offers a variety of savings / deposit / “deposit scheme” products tailored to different customer segments. abbl.com

Types of Savings Accounts

On its Retail Banking → Savings Accounts page, AB Bank lists the following savings products:

• Generic Savings (standard saving account) abbl.com

• Max Saver — a savings account with more attractive interest rates abbl.com

• Smart Saver — a savings account designed with certain features, possibly with no checkbook or simplified terms abbl.com

• Student Account — a charge-free or low-fee account targeted at students abbl.com

• Shampurna — a specialized savings account for women, under AB Bank’s “complete” or “all-in” package branding abbl.com

Each of these accounts is designed to meet different needs: regular savings, higher yield, minimal documentation, youth segment, or demographic (women) focus.

Features & Interest Rates

• AB Bank’s “Max Saver” likely offers higher interest than the generic savings account, though exact rates are subject to change. abbl.com

• Some accounts may have restrictions on checkbooks (e.g. Smart Saver has “no check book”) to reduce cost. abbl.com

• The Student Account may waive certain fees or require lower minimums. abbl.com

• Shampurna savings targets women, potentially including extra benefits or features. abbl.com

• AB Bank publishes a “Schedule of Charges / Rates & Charges” page where interest, minimum balances, and service charges are detailed. Wikipedia+3abbl.com+3abbl.com+3

Deposit Scheme & Safety

• AB Bank is regulated by Bangladesh Bank (central bank), so its deposit products operate under Bangladesh’s banking regulatory framework.

• Deposit accounts benefit from the bank’s governance and regulatory oversight in Bangladesh.

• The bank publishes a Schedule of Charges and “Scheme Deposit” details on its website. abbl.com

3. How to Open a Savings / Deposit Account

Here is a general process and requirements for opening a savings account with AB Bank:

Eligibility & Requirements

• Must be a resident of Bangladesh (or satisfy address / identification requirements)

• Valid national ID card / NID, or passport for non-resident Bangladeshis

• Proof of address (utility bill, rental, etc.)

• Minimum opening deposit (varies by account type; many banks set a modest minimum)

• For student or youth accounts, proof of student status or age may be required

Application Process

1. Select the savings product: Generic Savings, Max Saver, Smart Saver, Student, or Shampurna

2. Fill application form: At a branch or download via AB Bank’s website (forms are often available)

3. Submit KYC documents: ID, address proof, photographs

4. Make initial deposit: Fund the account with the minimum required amount

5. Verification & activation: Bank verifies documents and activates the account

6. Obtain account details: You receive account number, passbook / bank book / statement, and possible debit / ATM card

AB Bank’s website also provides an Account Opening / Download Forms section. abbl.com+3abbl.com+3abbl.com+3

Some branches may allow immediate opening if you visit in person with documents; others may require a waiting period for verification.

Notes

• Some accounts (e.g. Smart Saver) may exclude issuance of checkbooks, simplifying operations. abbl.com

• Student / youth accounts may have special waivers or lower minimums. abbl.com

• Always check the latest Schedule of Charges for fees, minimum balances, and conditions. abbl.com+2abbl.com+2

4. Loan & Credit Products Offered

AB Bank provides multiple retail lending and credit products under its Retail Banking → Loans section. abbl.com

Types of Loan Products

• Personal Loan: Unsecured loans for general purposes (education, travel, medical, etc.). abbl.com

• Auto Loan: Loans for purchase of new vehicles or used (reconditioned) cars. abbl.com

• Home Loan: Mortgage / housing finance to purchase or construct homes. abbl.com

• Personal Overdraft (Secured): A secured overdraft facility to cover unexpected shortfall, backed by collateral. abbl.com

These lending products cater to a wide set of consumer needs—from daily cash flow needs to long-term housing investment.

Key Terms & Conditions

• Interest rates, loan tenure, and collateral requirements vary depending on product type, borrower’s credit profile, and bank policy

• Auto Loans may require vehicle as collateral

• Home Loans will require property evaluation, down payment, and documentation (income proof, title deeds, etc.)

• Overdraft facilities often require collateral or guarantee

• For consumer loans, underwriting will consider credit history, repayment ability, and risk assessment

AB Bank’s “Loans” page provides further details on loan types. abbl.com Also, AB Bank’s general site includes “Products & Services → Loans” navigation. abbl.com

Example Highlights

• Auto Loan is explicitly offered for brand new cars and reconditioned cars. abbl.com

• Personal Overdraft (Secured) is offered for cash shortfall protection. abbl.com

• Home Loan is also a key product in retail lending. abbl.com

5. Branches, Offices & Contact Details

This section gives you AB Bank’s branch network, regional offices, and how to reach them.

Branch / ATM Network

You can find AB Bank branches and ATMs via their Find Branch & ATM page. abbl.com Some branch listings include Gulshan, Banani, Barishal, Chittagong, etc. abbl.com+2abbl.com+2

For example, Gulshan Branch, Dhaka address: Ventura Avenue, Plot No. CWN(C)-8/B, Road No. 34, Gulshan, Dhaka 1212. Banks BD The branch code, routing number, and contact are also listed there. Banks BD

Another branch: Banani Branch – R.S.R. Tower, House No. 50, Road 11, Block C, Banani, Dhaka. Banks BD

Regional / Corporate Offices & Local Presence

From AB Bank’s Local Presence page: abbl.com

• Corporate Office: BCIC Bhaban, 30-31 Dilkusha C/A, Dhaka 1000. abbl.com
    Phone: +88-02-9560312 abbl.com+1
  Fax: +88-02-9564122, +88-02-9564123 abbl.com
  SWIFT: ABBLBDDH abbl.com+1
  Email: info@abbl.com abbl.com+1

• Dhaka Regional Office – 01: 81, VIP Road, Dhaka 1000 abbl.com
  Phone: +88-02-9339036, +88-02-8315462, +88-02-9351177 abbl.com

• Dhaka Regional Office – 02: House 11, Road 14D, Sector 4, Uttara, Dhaka abbl.com
  Tel: (02) 58957758, 58952253, 58950865 abbl.com
  Fax: (02) 58951566 abbl.com

• Chittagong Regional Office – 01: BCIC Sadan, 26 Agrabad C/A, Chittagong abbl.com
  Tel: (031) 713381-83, 713385-86; Fax: (031) 713384 abbl.com

• Chittagong Regional Office – 02: 395, Khatunganj, Chittagong abbl.com
  Tel: (031) 611035-6, 630423; Fax: (031) 611176 abbl.com

• Sylhet Regional Office: Surma Tower, V.I.P. Road, Taltala, Kotwali, Sylhet abbl.com
  Tel: (0821) 714052, 714054; Fax: (0821) 714053 abbl.com

• Khulna Regional Office: Mollick Shopping Complex, 99 Jessore Road, Khulna abbl.com
  Tel: (041) 720311, 723062, 724090; Mobile: 01199-660075 abbl.com
  Fax: (041) 720311 abbl.com

• Rajshahi Regional Office: 102-103 Shaheb Bazar, Rajshahi abbl.com
  Tel: (0721) 774283, 775549; Fax: (0721) 773261 abbl.com

• Islamic Banking Branch: 82, Kakrail, Ramna, Dhaka (Islamic branch) abbl.com
  Tel: (02) 8332235, 37, 38; Fax: (02) 8332236 abbl.com

Contact / Helpline

• General Address / Headquarters: The Skymark, 18 Gulshan Avenue, Gulshan 1, Dhaka 1212 abbl.com+2abbl.com+2

• Phone: +88-09678555000 abbl.com+1

• Fax: +880-2-58814288 abbl.com

• Email: info@abbl.com abbl.com+1

• Helpline: 16207 (within Bangladesh) abbl.com
  From overseas: +88-09678916207 abbl.com

• SWIFT / BIC code: ABBLBDDH abbl.com+1

Thus, customers and potential clients can locate branches via AB Bank’s website, reach regional offices, or contact via helpline/email.

6. Digital Banking & Account Management

Modern banking convenience is crucial. Here’s how AB Bank supports digital / online access:

Internet Banking

AB Bank offers Internet Banking for account holders to conduct transactions, payments, fund transfers, view statements, etc. abbl.com+1

This allows customers to manage their accounts remotely over secure online platforms.

Branch / ATM Locator Tool

Via their Find Branch & ATM page, customers can locate branches or ATM booths near them. abbl.com This aids in physical branch planning and identification of nearby access points.

Mobile / Digital Tools

While AB Bank does not prominently show a mobile banking app in the pages we saw, many banks in Bangladesh pair Internet Banking with mobile apps. It’s likely AB Bank offers similar services (though you should check its website or app stores).

E-Services (Form Downloads, Account Changes)

The AB Bank site provides account opening forms, address change forms, signature change, account closing forms, etc. under its “Contact / Download Forms” sections. abbl.com+1

Such online convenience reduces need for branch visits for routine updates.

7. Fees, Conditions & Eligibility

To use AB Bank products, customers should understand the fees, minimums, and eligibility criteria.

Fee & Charge Schedule

• AB Bank publishes a Schedule of Charges / Schedule of Rates & Charges on its site. abbl.com+1

• These include fees for maintenance, service charges, checkbooks, statements by mail, documentary services, etc.

• Savings accounts may have service fees unless minimum balances are maintained (this is typical in banking; confirm via AB Bank charts).

Minimum Balances & Deposit Requirements

• Each savings product may require a minimum opening deposit (for example, generic savings accounts typically have low minimums).

• Some “premium” savings options (e.g. Max Saver) may require higher balances to get preferred interest.

• Student or youth accounts may have lower or waived minimums.

Eligibility Constraints

• Must meet KYC / identity verification

• For demographic accounts (student, women), you may need proof of status

• For loans, eligibility includes credit history, income, collateral, etc.

Penalties & Defaults

• Early withdrawal from fixed deposit products or violation of terms may incur penalties (though AB Bank’s fixed deposit offerings are not detailed in the pages we saw)

• Late payments, default on loans, or overdrafts will incur penalties or interest surcharges

• Insufficient funds or reversal of payments may lead to fees

8. Why Choose AB Bank? Strengths & Challenges

Here is a balanced view of what makes AB Bank attractive and what to watch for.

Strengths

1. Established presence: With over 104 branches, AB Bank has a wide footprint in Bangladesh. Wikipedia+1

2. Diverse product offering: From savings, retail banking, corporate, SME, Islamic banking, loans etc. Wikipedia+2abbl.com+2

3. Specialized savings accounts: Products like “Shampurna” for women, “Smart Saver”, “Max Saver” cater to segmented markets. abbl.com

4. Transparent contact and branch info: Their website lists branches, regional offices, helplines, which increases trust.

5. Regulation & oversight: As a private bank under Bangladeshi regulation, AB Bank is subject to Bangladesh Bank and other regulatory frameworks.

Challenges / Considerations

1. Interest rates & returns: Savings interest in Bangladesh banking is often modest; premium savings accounts may offer better rates but require higher balances.

2. Documentation & KYC: New account opening may require extensive verification, which can delay activation.

3. Digital maturity: While Internet Banking exists, mobile app and full digital feature maturity may vary (check AB Bank’s current offerings).

4. Loan risk / underwritten approvals: Lending decisions depend on creditworthiness; not all applicants will qualify for favorable loan terms.

5. Branch access in remote areas: Though many branches exist, remote or rural areas may still have limited AB Bank presence.

9. External Links & References

Here are credible external links to support this article and for further reading:

• Official AB Bank PLC website: abbl.com abbl.com+1

• AB Bank’s Savings Accounts / Deposit page: abbl.com → Retail Banking → Savings Accounts abbl.com

• AB Bank’s Loans / Retail Banking → Loans page: abbl.com/retail-banking/loans abbl.com

• AB Bank’s Find Branch & ATM locator: abbl.com/find-branch-and-atm abbl.com

• AB Bank’s Local Presence / Regional Offices page: abbl.com/local-presence abbl.com

• Wikipedia page on AB Bank PLC: gives historical and structural info Wikipedia

These links help readers verify facts and explore further.

10. Frequently Asked Questions (FAQ)

Q1. What is AB Bank PLC and where is it headquartered?
A. AB Bank PLC, formerly Arab Bangladesh Bank, is a private sector bank in Bangladesh, incorporated in 1981 and headquartered at The Skymark, 18 Gulshan Avenue, Dhaka 1212. Wikipedia+2abbl.com+2

Q2. What kinds of savings accounts does AB Bank offer?
A. AB Bank offers Generic Savings, Max Saver, Smart Saver, Student Account, and Shampurna (for women) among its deposit/savings product suite. abbl.com

Q3. How can I open a savings account with AB Bank?
A. You visit a branch or submit an application form (online/download), provide KYC documents (ID, address proof, photos), make an initial deposit, and after verification the account becomes active.

Q4. What loan products are available at AB Bank?
A. AB Bank offers Personal Loan, Auto Loan (for new and reconditioned cars), Home Loan, and Secured Personal Overdraft. abbl.com

Q5. How many branches does AB Bank have and how do I find one near me?
A. AB Bank has over 104 branches across Bangladesh. Wikipedia+1 You can find branch / ATM locations through their “Find Branch & ATM” web page. abbl.com

Q6. What are the contact details for AB Bank’s headquarters?
A. Headquarters: The Skymark, 18 Gulshan Avenue, Gulshan 1, Dhaka 1212 abbl.com+2abbl.com+2
Phone: +88-09678555000 abbl.com+1
Email: info@abbl.com abbl.com
Helpline (within Bangladesh): 16207; from overseas: +88-09678916207 abbl.com

Q7. Is AB Bank safe / regulated?
A. Yes, AB Bank operates under Bangladesh’s banking laws and regulatory oversight (Bangladesh Bank). As a private sector bank with long history, it maintains regulatory compliance and governance.

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