Jamuna Bank launches three new products

Posted by BankInfo on Tue, Mar 27 2012 09:40 am

Jamuna Bank Limited (JBL) Sunday launched its three new products to make the banking easier and more convenient to the people.

JBL Director and chairman of Jamuna Bank Foundation (JBF) Alhaj Nur Mohammed launched the products as the chief guest at a 'meet the press' programme at the National Press Club.

The new products are: Mutho Banking (mobile banking solution), Earn First Deposit (instant interest payment fixed deposit) and NRB banking.

Presided over by the Bank's Managing Director Md Motior Rahman, the launching ceremony was addressed, among others, by its Deputy Managing Directors Md Abul Shahjahan and Md Mozammel Hussain.

'Mutho Banking' will bring the banking service at the Bank customers' finger, allowing them to do banking transaction on mobile phone without making any call, rather using SMS.

Under 'Mutho Banking', other mobile-based services include: mobile recharge, utility bill-payment, merchant payment, transaction alert and notification, mini statement, cheque book request, stop payment request, request to block lost cards and inquiry of balance, branch/ATM location, foreign exchange rate and products.

'Earn First Deposit' is a kind of fixed deposit scheme, where the depositors will get calculated interest at the time of deposition of their fund, while 'NRB banking' offers various deposit schemes, services and investment opportunities for non-resident Bangladeshis (NRBs).

Mr Nur Mohammed said that the Board of Directors of the Bank recently decided to open more branches at the country's rural areas in a bid to broaden the financial inclusion.

Financial Express/Bangladesh/ 26th March 2012

Posted in Banking, News, New Product