AB Bank PLC Address - Swift Code and Routing Number | এবি ব্যাংকের সকল শাখার ঠিকানা, ‍সুইফট কোড ও রাউটিং নাম্বার

AB Bank PLC: A Comprehensive Guide to Banking in Bangladesh

AB Bank PLC, a trailblazer in Bangladesh's private sector banking, has been a cornerstone of the nation's financial landscape since its inception. Established in 1981, it holds the distinction of being the first private sector bank in Bangladesh. Over four decades, AB Bank has evolved, adapting to the dynamic needs of its diverse clientele and contributing significantly to the economic growth of the country. This article delves into various facets of AB Bank's operations, providing essential information for current and prospective customers.

Address and Contact Information

AB Bank PLC's registered and corporate office is strategically located in the heart of Dhaka, serving as the central hub for its extensive network.

Registered Office Address: "The Skymark", 18 Gulshan Avenue, Gulshan-1, Dhaka-1212, Bangladesh. GPO Box: 3522

Telephone: +8809678555000

Email: info@abbl.com

Website: www.abbl.com

For customer support, AB Bank offers a dedicated eBiz Customer Support hotline at 16207 or +88 096789 16207, and customers can also email support@abbl.com.

Swift Code

For international transactions, the SWIFT (Society for Worldwide Interbank Financial Telecommunication) code is crucial. AB Bank PLC's primary SWIFT code is ABBLBDDH. Specific branches might have additional digits appended (e.g., ABBLBDDH020, ABBLBDDH019), so it's always advisable to confirm with the beneficiary's bank or the specific branch for precise details when making international transfers.

Routing Number

Routing numbers are essential for domestic interbank transactions within Bangladesh. Each branch of AB Bank PLC has a unique routing number. For instance, the Bashundhara Branch has a routing number of 020260554, Agrabad Branch is 020150130, and Gulshan Branch is 020261724. Customers can find the specific routing number for their branch by visiting the AB Bank website's branch locator or by contacting their respective branch directly.

ATM Card Service

AB Bank PLC offers robust ATM card services to facilitate convenient and secure banking. Customers maintaining an account with AB Bank are eligible for an ABBL Visa Debit Card. Key features and services include:

Eligibility: Any individual with an AB Bank account.

Activation: Cards are typically received within 7 working days of application and require activation by signing an acknowledgment slip and sending it to the home branch.

Security: Customers are advised to maintain PIN secrecy, destroy PIN mailers, and be vigilant during transactions to prevent misuse.

Withdrawal Limits: AB Bank Debit Cards offer a daily cash withdrawal facility of up to Tk. 200,000 at ATMs. At Branch POS (Point of Sale), cardholders can withdraw up to BDT 300,000 per day.

Purchase Limit: The daily retail purchase limit at merchant POS is BDT 250,000.

Lost/Stolen Card: In case of a lost or stolen card, customers should immediately contact eBiz Customer Support at 16207 or +88 096789 16207, email support@abbl.com, or visit the nearest branch. Replacement cards are usually issued within 2-3 working days.

Extensive ATM Network: AB Bank boasts over 250 ATM booths nationwide, including the country's first solar-powered ATM booth. These ATMs accept MasterCard, Maestro, Cirrus, Visa, and Plus cards. As a member bank of the National Payment Switch of Bangladesh (NPSB), AB Bank ATMs also accept cards from other NPSB member banks, ensuring wider accessibility for customers.

Transaction Time

While specific transaction cut-off times for various services might vary by branch or type of transaction, AB Bank PLC aims to provide 24/7 banking services through its digital platforms and ATM network. Standard branch banking hours typically adhere to Bangladesh Bank guidelines. Digital services like Internet Banking and ATM access enable customers to perform transactions, payments, and inquiries around the clock. For large or complex transactions, it's advisable to complete them during regular banking hours to ensure prompt processing.

Corporate Service

AB Bank PLC offers a comprehensive suite of corporate banking solutions tailored to meet the diverse financial needs of the country's growing corporate sector. The bank focuses on building long-term relationships and assisting businesses in achieving their financial objectives. Key corporate services include:

Corporate Finance: Providing a wide range of financial services, including working capital financing, term loans, and project financing.

Structured Finance: Expertise in structuring complex financial deals and acting as a bookrunner for various corporate initiatives.

Trade Finance: Facilitating international trade through services like Letters of Credit (LCs), guarantees, and export/import financing.

Cash Management: Solutions for efficient management of cash flows, including collection, disbursement, and liquidity management.

Syndicated Loans: Participation in and arrangement of syndicated loans for large-scale projects.

Foreign Exchange Services: Comprehensive foreign exchange services to manage currency risks and facilitate international transactions.

Account Opening

AB Bank PLC offers various account types to cater to individual and corporate needs. The account opening process generally requires specific documentation and adherence to regulatory guidelines.

For Local Currency Accounts (Savings/Current/SND):

Individuals: Duly filled Account Opening Form (signed in front of a bank official).
Two copies of recent passport-size photographs of the account holder(s) attested by the introducer.
Copy of photo identification document (NID, Passport, Driving License) – original for verification.
Proof of address document (e.g., electricity bill, WASA bill, gas bill, telephone bill, current rent/lease agreement, employer certificate, holding tax receipt, TIN/BIN certificate) – original for verification.
One copy of recent passport-size photograph of the nominee/guardian (if nominee is a minor) attested by the account holder(s).

Companies/Partnerships:

Certified copy of Partnership Deed/Agreement (for partnerships).
List of partners with addresses (for partnerships).
Extract of resolution from the partners' meeting mentioning account opening and signatories.
Copy of valid Trade License.
Proof of trading address.
Copy of Financial Statements.
Permission from Bangladesh Bank or other relevant authorities where necessary (e.g., Buying House, indenting business).
e-TIN certificate, if available.

For Foreign Currency Accounts:

Bangladeshi Nationals Residing Abroad:
Duly filled Account Opening Form.
Two copies of recent passport-size photographs of the account holder.
One copy of recent passport-size photograph of the nominee/guardian attested by the account holder(s).
Work permit/employment certificate/approval for self-employment.
Copy of passport with visa details.
Initial deposit (e.g., USD 1,000 or GBP 500 equivalent).

Foreign Nationals Residing in Bangladesh:

Duly filled Account Opening Form.
Two copies of recent passport-size photographs of each signatory.
Work permit/appointment letter.
Permission from Board of Investment (BOI) for foreign firms.

AB Bank also offers "AB Smart Account," which allows Bangladeshi citizens with NID cards to open a savings account digitally via the "AB Direct App" without visiting a branch, offering attractive profit rates and basic banking services with the option to expand by completing full KYC at a branch.

Loan

AB Bank PLC provides a wide array of loan products to cater to various financial needs of individuals, SMEs, and corporate entities. Their lending rates vary based on the economic sector and purpose of the loan. Some of the key loan offerings include:

Personal Loan: For various personal needs.
Auto Loan: For purchasing new or reconditioned cars.
Home Loan: To fulfill homeownership dreams, including purchase, construction, and renovation.
SME Loans: Tailored financing solutions for small and medium enterprises.
Corporate Loans: Comprehensive financing for large industries, including working capital and term loans.
Agriculture Loans: Loans for cultivation, plantation, agricultural machinery, livestock, and cold storage.
Consumer Goods Loan: For purchasing items like TVs, refrigerators, air conditioners, computers, and furniture.
Doctors Loan/Professional Loans: Specialized loans for professionals.
Loan against DPS, MSS, FDR, MBS, DBS: Loans against specific deposit schemes or fixed deposits.
Credit Cards: Offering various credit card options with applicable interest rates.

Interest rates are declared by the bank and are subject to change. For example, as of January 1, 2025, various loan categories showed declared interest rates ranging from 12.55% for agriculture to 25.00% for credit cards.

DPS (Deposit Pension Scheme)

AB Bank offers various attractive Deposit Pension Schemes (DPS) designed to encourage disciplined savings and provide significant returns over time. One prominent scheme is the "Kotipoti Deposit Scheme."

Kotipoti Deposit Scheme: This monthly installment-based savings scheme aims to help customers achieve a maturity value of Tk. 10,000,000 (One Crore Taka).

Tenure Options: Flexible tenures ranging from 5 to 20 years.

Interest Rates: Vary with tenure (e.g., 11.00% for 5-20 years, 10.50% for 4 years).

Eligibility: Any individual Bangladeshi citizen aged above 18 years or any Corporate Body.

Benefits: Offers flexible initial deposit options, and customers can avail secured credit cards (up to 100% of encashment value, max Tk. 2,000,000) or Secured Overdraft (SOD) facilities (up to 85% of encashment amount) against their DPS, subject to minimum balance requirements.

Deposit Double Scheme (DDS): This fixed deposit account allows individuals to double their deposit amount within a specified period.

Eligibility: Individuals in single or joint names.

Deposit Amount: Minimum Tk. 50,000 and maximum Tk. 5,000,000.

Loan/Overdraft Facility: Up to 90% of the deposited amount can be availed as a loan or overdraft.

Savings Accounts

AB Bank PLC provides various savings account options to cater to different customer segments, encouraging individuals to save and grow their wealth.

Generic Savings Account:

Eligibility: For individuals in single or joint names.

Features: Free internet banking, no restriction on transaction numbers (subject to transaction profile), interest paid half-yearly.

ATM Transaction Limits: Maximum Tk. 100,000 per day.

AB Smart Account: As mentioned under "Account Opening," this digital savings account can be opened via the AB Direct app, offering attractive profit rates and basic digital banking services.

Student Account: Specialized savings accounts designed for students, often with lower minimum balance requirements and specific features tailored to their needs.

Interest rates for savings accounts are competitive and are calculated daily, typically applied quarterly or half-yearly, depending on the specific account type.

Current Account

Current accounts are primarily designed for businesses and individuals who require frequent transactions without earning interest on their balances. AB Bank PLC offers comprehensive current account services.

Current Account:

Features: Unlimited transactions, fund transfer facilities via Standing Instructions.

AB Shachchondo: This is a unique current account offering from AB Bank that provides slab-based interest facilities.

Eligibility: Any individual Bangladeshi Citizen aged above 18 years, including service holders/salaried persons. Joint accounts are also allowed.

Initial Deposit: Minimum Tk. 1,000.

Interest Earning Balance: Minimum Tk. 25,000 required to earn interest.

Features: Attractive interest rate for deposit balance with slab-based interest (calculated daily, applied quarterly), free internet banking, Dual Currency Debit Card, free Debit Card and SMS service for the first year (if initial deposit is Tk. 25,000 or above), ATM transaction limit up to Tk. 200,000 per day.

Unsecured Overdraft Facility: Salaried customers with an individual AB Shachchondo Account (and salary account holders of any bank meeting criteria) can avail an unsecured overdraft facility up to 60% of their monthly net receivable salary (maximum Tk. 500,000) for a tenure of up to one year (renewable). Minimum net receivable salary should be BDT 20,000 per month, with reflection of 3 salaries in the last 3 months' bank statement.

In conclusion, AB Bank PLC stands as a formidable financial institution in Bangladesh, offering a wide spectrum of services from fundamental deposit accounts and ATM facilities to sophisticated corporate banking and diverse loan products. Its commitment to digital innovation, exemplified by services like the AB Smart Account and Internet Banking, underscores its dedication to providing accessible and convenient banking solutions for all its customers.

Agrabad Branch

Address: BCIC Sadan, 26, Agrabad C/A, Chattogram

Mobile: +88-31-713381

E-mail: agrmg@abbl.com

Mnemonic: AGR Code:4101

Routing Number: 020150130

SWIFT Code: ABBLBDDH101

Date of Opening: 19.09.1982

Hotline Number: 09678-916207

AB Bank PLC: A Comprehensive Guide to Banking in Bangladesh

Address and Contact Information

Swift Code

Routing Number

ATM Card Service

Transaction Time

Corporate Service

Account Opening

Companies/Partnerships:

For Foreign Currency Accounts:

Loan

DPS (Deposit Pension Scheme)

Savings Accounts

Current Account

Agrabad Branch

Anderkilla Branch

Ashuganj Branch

Austagram Branch

Bahaddarhat Branch

Banani Branch

Bandura Branch

Banshkhali Branch

Barishal Branch

Bashundhara Branch

Benapole Branch

Bhairab Bazar Branch

Bhulta Branch

Boalkhali Branch

Board Bazar Branch

Bogura Branch

Boroikandi Branch

Brahmanbaria Branch

CDA Avenue Branch

Chakaria Branch

Chandpur Branch

Chandra Branch

Chapai Nawabganj Branch

Chaturi Branch

Chaumuhani Branch

Chawk Bazar Branch

Chhatak Branch

Cox's Bazar Branch

Cumilla Branch

Dargahgate Branch

Dewanhat Branch

Dhanmondi Branch

Dinajpur Branch

Export Processing Zone (EPZ) Branch

Faridpur Branch

Feni Branch

Garib-E-Newaz Avenue Branch

Gulshan Branch

Habiganj Branch

Hathazari Branch

Imamganj Branch

Islami Banking Branch

Islampur Branch

Jashore Branch

Jatrabari Branch

Jhenaidah Branch

Jhikargacha Branch

Jinjira Branch

Joypara Branch

Jubilee Road Branch

Kakrail Branch

Kalampur Branch

Kalatiya Branch

Kamrangirchar Branch

Karwan Bazar Branch

Khatunganj Branch

Khulna Branch

Khulshi Branch

Kushtia Branch

Lalmonirhat Branch

Lohagara Branch

Madhabdi Branch

Madhabpur Branch

Malibagh Branch

Mirpur Branch

Mohakhali Branch