Eastern Bank Ltd (EBL) recently introduced "EBL Junior", a savings account for students, to bring the young generation under banking umbrella and help them learn the benefits of savings.

EBL Managing Director and CEO Ali Reza Iftekhar formally launched the new product of the bank at function at RAJUK Uttara Model College yesterday, said a press release.

The students, aged between 11 and 17 years, can open this account at any EBL branches jointly with their parents.

The account comes with internet banking, ATM and cheque book facilities which need to be operated by the parents only, the statement added.

EBL Junior offers 6 percent interest on daily balance to be paid semi-annually. This will help the fund in the account grow at a faster rate than the conventional savings account.

Principal of RAJUK Uttara Model College Colonel A.S.M. Mushfiqur Rahman, EBL Deputy Managing Director Muklesur Rahman, EBL Head of Branches Mohammad Musa, Head of Liability Saidul Amin, Head of Brand and Marketing Ziaul Karim and several senior EBL officials also attended the program.

News: daily sun/ Bangladesh/24- Feb-2011