Islami Bank Student Account provides various facilities free of cost. For a student between the ages of 18 and 30, running an Islami Bank account is completely free.
Not only that, Islami Bank provides various other facilities for student accounts. As a student, you can easily open an account in Islami Bank with your student ID.
In today’s discussion, we will know what are the benefits of a student account in Islami Bank, how to open an Islami bank account, etc.
IBBL Student Account
There are different types of Islami Bank accounts. Among these, the most interesting type is the Islamic Bank Student Mudaraba Savings Account.
Opening this account is intended to be the easiest method of saving for students. Students of any school, college, or university can keep their bank account through small savings through Islami Bank Student Account.
With the Islami Bank student account, any student can transfer money from far away. Then they no longer have to go home to collect money.
They can easily manage their expenses through an Islamic bank account as per their requirement.
In this post, I have presented all the information on how to open an Islami Bank student account, what are its benefits, and how many years this bank account is valid.
Read the discussion carefully till the end to know all the information about the Islami Bank Student Account.
Facilities of Islami Bank Student Account
The Facilities of the Islami Bank Student Account have caught the attention of students. Students are turning to Islamic banks mainly because of the facilities provided by Islami Bank for Student Accounts.
There are many benefits to opening a student account in Islami Bank. Let’s take a look at what other facilities are available for the Islami Bank student account as a student.
- To open an Islami Bank student account, only Tk 100 is required as an initial deposit
- There is no government duty or any other charge to be paid in the Islami Bank Student Account up to a certain amount of money.
- But if more than the specified amount of money is transacted then the government duty has to be paid in that case. However, no other charges have to be paid.
- A free ATM card is provided for the Islami bank account.
- There are no other charges for ATM cards. Charges are payable on renewal only.
- Visa Classic Debit Card is provided for Islami Bank Student Account.
- It is provided completely free. In this case, you can withdraw money directly from any Islamic bank booth in the country or abroad.
- However, you will be charged 15 TK to withdraw money from any booth related to the visa logo.
- Online deposit and transfer facilities are available from any branch in any district of the country.
- Through an Islami Bank account, mobile can be recharged anytime from anywhere and fund transfers can be done anywhere.
- A free SMS facility is available. You can know the balance of the account through SMS and can know about any service.
- There is a special advantage of depositing the money from various scholarships or stipends in this account with all kinds of student benefits.
- Through the Islami Bank Student Account, mobile banking has been facilitated for any work related to education.
- Also running Islami Bank Student Account is completely free for 18 to 30 years of age.
Islami Bank Student Account Opening Conditions
There are several terms and conditions for opening a student account in Islami Bank. Any student can open a student account in Islami Bank if they comply with all these conditions. All these conditions are given below-
- The student must be a citizen of Bangladesh
- Adult students aged 18 years and above can manage their accounts.
- If the student is below 18 years of age and wants to open a student account in Islami Bank then this account should be managed by his/her guardian.
Documents Required to Open Islami Bank Student Account
Before opening an Islami Bank State Account you will need several documents. You can open a student account in Islami Bank only if you collect the following documents. Those documents are-
- Photocopy of student ID card of the institution where you are studying as a student.
- However, if the institution does not have a student ID, then a certificate from the institution will be required.
- Two copies of passport-size attested color photographs.
- But if he is a minor that means below 18 years then two copies of passport-size color photographs of his guardian will be required.
- Photocopy of NID card. If the student does not have a NID card then a photocopy of the birth registration will be required.
- Also, a photocopy of the NID card of the parent is required if the student is not an adult.
If you have these documents, you can open a student account at Islami Bank very easily. So collect the above documents before opening the account.
Islami Bank Student Account Opening Rules
Now let’s know about the rules of how to open a student account in Islami Bank. Islami Bank Student accounts can be opened in Islami Bank in two ways.
This means that you can directly go to any branch of Islami Bank and open it. Another is that you can open an account online. Both these methods are presented below.
Islami Bank Student Account Open Through Branch
If you want to open a student account at Islami Bank by going directly to the branch instead of online, then you have to collect all the documents mentioned above and go to any branch of Islami Bank and inform you about opening a student account.
- They will provide you with a form. You have to fill this form with the correct information and submit it to them.
- In this case, they will take the form and open your Islamic bank student account within a few minutes.
- In this case, you have to deposit 100 TK first. But you can deposit more than that if you want.
- But you have to pay a minimum of 100 TK This money will remain in your account. You can use it later.
- Once the bank account is opened, your account will be activated within a few moments.
- After that, you will be issued the card from Islami Bank within a few days.
Islami Bank Student Account Opening Process Online
Now let’s know how to open an Islamic bank account online. We can open a student account in Islami Bank through an app on our phone with the help of the Internet.
It installs an app through the mobile and then opens an Islamic bank account. Let us know that rule.
- To open an Islamic Bank student account online, first, go to the Play Store on your phone and install the CellFin app.
- After installing the CellFin app, you have to open the app.
- After opening the app, you have to ‘Register’ the app here.
- So here you have to provide your mobile number by clicking on the register button.
- Next, you need to ‘Set Up a Password’ to access this app.
- You have to enter a ‘6-digit Password’ here.
- Then Submit the register button.
- After that, you need to verify your phone number.
- An ‘OTP’ will be sent to your phone.
- This OTP code must be provided here.
- Then ‘Submit’ the registration.
- Then you need to upload the ‘NID Card’. But keep in mind that when uploading the nid, its size should not exceed 100 KB.
- It will not support above 100 KB. In case of issuing a NID card, both sides of the photo should be scanned.
- Then click on the ‘Confirm Upload’ button.
- After that, here will show you some information.
- Go here and you will see that there is a box for writing some information.
- Write your mobile, email, and referring mobile number which means another phone number here in English.
- Then you have to provide some more information here.
- After providing, Go to ‘Next’
- Then you can successfully register in the CellFin app.
- After that, to open an Islami Bank account, you have to enter your mobile number and password again in the CellFin app.
- Then you will get several options here.
- From here you have to click on the ‘Open A/C’ option below.
- But remember to scan your nominee’s NID and photographs before opening the account.
- After clicking here your password will be asked again.
- From here enter your password and ‘Submit’
- After that, all the options that are here must be filled in very well.
- From the branch option available here.
- You have to select the ‘Branch’ in which you want to open your account.
- Then select the rest of the information carefully including the professional source of funds.
- Provide the information very well and ‘Confirm’ this step.
- On the next page, you have to select the ‘Account Type’
- Select the type of account you want to open here.
- If you want to open this student account, then select the option that you will get under the name ‘Student Mudaraba Savings Account’
- Then click on the ‘Select’ button.
- Now the next step is to fill scanned copy of the ‘Nominee’s NID Card Photo’ here.
- Once the information is entered, ‘Confirm’ this step.
- After that, your account will be successfully created.
If any photo exceeds 100 KB then it will not be supported here. In that case, you will upload photos with a maximum size of 100 KB. Then your account will be created.
Then you have to go to the branch where you have opened the account with the documents mentioned above as documents.
Go to the branch and provide those documents. Then they will activate this account. After a few days, you will get a Visa/Master card from here completely free.
IBBL Student Account Debit Card & Cheque Book
You will get an ATM card and Cheque after opening the IBBL student account. After opening the account, the bank will provide you with a debit card which is also known as an ATM card instantly. But to get the cheque, you have to order.
To get a cheque, you have to pay 5 TK for every page of the cheque. If you order a cheque book with 20 pages, you have to pay 100 TK. You can also order a cheque with 10 pages.
Transaction Limit of Islami Bank Student Account
Now let us know an important fact. Before or after opening the account, many students ask the question of what the transaction limit in the Islami Bank student account is.
- Actually, it is not possible to say exactly how much the transaction limit is.
- Because it will depend on your income.
- The branch manager will fix you a transaction limit according to the profession you are in.
- So to know the transaction limit you must visit the branch to know it.
You can visit the Islami Bank Website to get details about their services.
Learn also about the AB Bank Student Account
FAQs About Islami Bank Student Account
Here are some frequently asked questions (FAQs) related to the Islami Bank Student Account:
Who is eligible to open an Islami Bank Student Account?
Any citizen of Bangladesh between the ages of 18 and 30 is eligible to open this account. If the student is under 18, a guardian must manage the account.
What documents are required to open an Islami Bank Student Account?
You will need the following documents:
- Photocopy of the student ID card or a certificate from the institution.
- Passport-size attested color photographs (2 copies).
- Photocopy of the NID card or birth registration. If the student is not an adult, the NID card of the parent is also required.
Are there any fees or charges for opening and maintaining the account?
Opening an Islami Bank Student Account requires an initial deposit of Tk 100. There is no government duty or other charges up to a certain amount of money.
However, government duty may apply if transactions exceed the specified amount.
What are the benefits of an Islami Bank Student Account?
The account offers several benefits, including free ATM and Visa Classic Debit Cards, online deposit and transfer facilities, free SMS services, and the ability to receive scholarships or stipends directly into the account.
It’s particularly convenient for students studying away from their families.
How can I open an Islami Bank Student Account?
You can open the account in two ways:
- Through a branch: Visit any Islami Bank branch with the required documents, fill out a form, and deposit an initial amount.
- Online: Install the CellFin app, register, provide the necessary information, select the branch, and open an account through the app.
Is there a transaction limit for the Islami Bank Student Account?
The transaction limit is not fixed and depends on your income and profession. The branch manager will determine your transaction limit, so it’s advisable to inquire at the branch for this information.
Where can I get more information about Islami Bank services?
You can visit the Islami Bank website or contact a local branch for details about their services.
Summary
The Islami Bank Student Account offers a range of benefits and is designed to cater to the financial needs of students. The account can be opened easily either through a branch or online, and it provides various facilities at no or minimal cost.
To get specific details and address any questions or concerns, it is recommended to contact an Islami Bank branch or visit their website.
