Standard Regulatory KYC Documentation Checklist
Under Bangladesh Bank Anti-Money Laundering and Uniform Account Opening Guidelines, all scheduled commercial banks require standardized verification documents to establish identity, residency, and source of funds.
| Document Category | Mandatory Requirements | Alternative Submissions |
|---|---|---|
| Applicant Identity | National ID (Smart NID card preferred) | Valid Bangladesh Passport / Birth Registration |
| Photographs | 2 recent passport-size color photographs | Lab print with white background |
| Proof of Address | Recent utility bill (Electricity/WASA/Gas) | Rental agreement / Municipal holding tax receipt |
| Source of Income | Salary certificate / Employment ID / Pay slip | Trade License (business) / Professional practice ID |
| Tax Identification | 12-digit e-TIN certificate | Essential to avoid 15% penalty withholding rate |
Nominee Rules & Succession Protocols
Under Section 103 of the Bank Companies Act 1991, every individual account holder must designate at least one nominee. The nominee is entitled to receive all deposited funds upon the demise of the principal account holder. You must supply one passport-size photograph of each nominated individual alongside their verified National ID or Birth Certificate.
Account Categories: Savings vs. Current vs. Special Purpose
Retail consumers primarily select between general Savings Accounts (bearing modest profit/interest with monthly transaction thresholds) and Current Accounts (intended for commercial operations with unrestricted cheque transactions but zero interest). Explore digital onboarding portals (e-KYC) offered by leading banks for remote account opening.
Compare credit cards, DPS & FDR accounts
Filter and compare published rates, eligibility requirements, and fees across Bangladesh banks.