Schedule of Charges- MDB Visa Credit Card

(Effective from 23 May 2023)

Particulars Visa Gold Card Visa Platinum Card

Issuance/Renewal/Annual Fee (Basic Card)1 Tk. 3,000 Tk. 4,500
Tk. 1,500 (Free first 3
Supplementary Card Fee (Annual/ Renewal) Tk. 1,000 (Free first 3 cards)
cards)
Supplementary Card Fee (Secured Card) 1st Supplementary Card is Free
Card Replacement Fee Tk. 500 Tk. 600
PIN Replacement Fee Tk. 400 Tk. 500
Late Payment Fee (if minimum due is not paid within due date) Tk. 1000 / USD 10 Tk. 1200 / USD 15
Over Limit Fee Tk. 700 / USD 11 Tk. 700 / USD 11
1% or Tk. 50 (MDB & Q-Cash ATM) ; 2% or Tk. 100 (other
Cash Withdrawal / Advance Fee from ATM
than Q-Cash & ATM); In abroad-per transaction USD 4 or
(whichever is higher)
3% whichever is higher.
Statement Retrieval Fee Tk. 50
Balance Transfer Processing Fee2 FREE
Interest Rate on Balance Transfer 20% p.a.
Card Cheque Book Fee (First Cheque Book- Free) Tk. 300 ( for 10 leaves)
3
Processing Fee on Fund Transfer (IBFT) through midland online 0.80%
IBFT Fee (A2A, C2A) and Prepaid Card to Other Bank BDT 10 (Including VAT)
Card Cheque Processing Fee 1.50%
Card Cheque Return Fee (for insufficient fund) Tk. 600.00
Cheque Return Fee(For Payment to MDB Credit Cards) Tk. 300
Certificate Issuance Fee Tk. 300.00
Printed Statement (only for e-statement subscriber) Tk. 300.00
ATM-5/day, POS-15/day, e-Com-15/day and
Daily Transaction use Limit
FC limit is as per BB Guideline

CIB Fee Tk. 100

Transaction Alert(SMS) Service Fee Tk. 300.00

Visa Money Transfer (VMT) Charges Tk. 50.00
e-Statement Enrollment Fee FREE
4
Access Fee to Balaka Executive Lounge at HSIA, Dhaka FREE (for the cardholder only)
5
Markup 3%
Secured Credit Card against FDR 14% p.a
Interest Rate6 20% p.a.
7
Credit Shield Insurance Premium 0.25% of Outstanding Amount
Insta-Loan (loan against Credit Cards) Processing Fee 2.00% of Loan Amount
8
Insta-Loan Interest Rate(flat) 9.00% p.a.
Insta-Loan Early Settlement Fee Tk. 250 or 2% of balance amount (whichever is higher)
Retail2EMI-Conversion of Retail purchase into EMI Interest Rate(flat) 9% p.a.
Early Settlement Fee (Insta-Loan, Retail2EMI) Tk. 400 or 2% of balance amount (whichever is higher)
Credit Limit Balance Fee 5% on excess limit
Vat for ads on Social Media or as per NBR rules 15% of the transaction amount
9
Reward Point Get 1 Reward point for Spend Tk. 50 / USD 1

POS/Ecom transaction up to US$ 5 US$ 0.20

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Notes:
1. (a) Annual Fee will be charged when the card is issued and on every anniversary in the subsequent years irrespective of card Activation.
From the 2nd year, a Cardholder can get annual fee waived if he/she makes 15 transactions (applicable for ATM, Retail POS, E-
Commerce, where Fund Transfer, Add Money and Cheque Transaction is not applicable for waiver) in a year (anniversary to anniversary)
and no Late Payment Fee was imposed during the same period. This waiver can be availed for the annual fee of the most recent year
only i.e. the annual fee imposed on the latest anniversary. The Cardholder needs to call 16596 or email at
[email protected] for the waiver after the fee has been charged.
(b) There is no Annual Fee / Issuance Fee for the Basic card in the first year. 2nd year onward, 100% waiver on Renewal Fee if (i) 15
transactions (POS & ATM) made by either basic cardholder or supplementary cardholder or both in a preceding year OR (ii) accumulated
cash and retail transaction amount in the preceding year exceeds Tk. 50 thousand or equivalent foreign currency.
2. In case where all outstanding balance is transferred from other credit card to MDB credit card.
3. Applicable for Internet Banking Fund Transfer (IBFT) transactions by using midlandonline (Internet banking portal of Midland Bank
Limited) from MDB credit card to any bank’s account or card.
4. Accessing Balaka Executive Lounge at Hazrat Shahjalal International Airport, Dhaka is free for the both primary and supplementary
cardholders round the year. For additional accompanying guest, an amount of USD 25 or equivalent BDT will be charged at the Property.
5. A foreign currency factor(Mark-Up) of 3% will be applied in case of foreign currency transactions when the transaction currency is non-
USD.
6. Applicable for all transactions types i.e. POS, ATM, E-Commerce, Card Cheque, IBFT Fund Transfer, Balance Transfer and all other Fees
& Charges etc. and calculated from transaction date.
7. This is an optional upcoming service to bring the primary credit cardholder under insurance coverage program in case of (i) Death, due to
sickness or accident; (ii) Permanent Total Disability (PDT) and (iii) Accidental Death (AD).
8. Repayment period is maximum 24 months.
9. Applicable for ATM, Retail POS and e-Commerce Transaction. Card Cheque transaction, Fund transfer and add money are not applicable
for reward point. Any Late Payment/Over Due will be treated as non-eligibility for Redemption the Reward Point.
10. Currently, Near Field Communication (NFC) and Contactless transaction feature are not enabled. Upon notification, you may enable the
NFC option through Contact Centre 16956.

Some important points to remember:

 15% VAT will be charged as applicable. The Fees and Charges are subject to change as per Bank policy/ regulatory guideline.
 All credit cards are dual currency cards, meaning they will be accepted at all merchants’ location displaying Visa logo across the globe.
 Automatic enrollment will be made for e-Statement and Transaction Alert (SMS) Services. Sending paper based statement has been
discontinued.
 The Billing Date / Statement Generation Date is fixed on 20th and 21st day of each month for Gold and Platinum card respectively.
Payment Due Date will be after 15 days of statement generation date. However, if payment due date falls on Friday, Saturday or
public/bank holidays, payment to be made on the last transaction day.
 Excess Limit Fee will be imposed if card outstanding exceeds credit card limit.
 Depositing/sending payment by using BEFTN or NPSB Network will credit the fund to your account statement on the next transaction day.
 Cardholder must add the amount of “Batch Clearing Fee” with the credit card due amount when you making deposit payment using
Cheque (BDT 50,000 and above) of any schedule bank. Please mark all cheques crossed and payable to “Midland Bank Limited”.
 If payment is made by other bank’s cheque/NPSB/MFS, the same must be deposited at least 3(three) working days prior to payment due
date to avoid late penalty.
 Cash Advance Limit: 50% of credit limit
 Daily Transaction Limit: Tk. 5,00,000 or equivalent currency at POS, Tk. 50,000 or equivalent currency at ATM.
 Minimum Amount Due: 3% or Tk. 500 whichever is higher 3% or USD 50 whichever is higher.
 As per regulatory directive, Government Excise fee will be realized annually for both debit or credit balances.

For more information:

Write: [email protected]

Or visit: https://www.midlandbankbd.net

www.midlandbankbd.net | 24-hour Contact Centre: 16596 2

 Frequently Asked Questions (FAQs) on MDB Credit Cards

Contents
A. CREDIT CARD FEATURES ..........................................................................................2
B. APPLICATION PROCESS .............................................................................................2
C. CARD PAYMENT ..........................................................................................................3
D. CREDIT LIMIT ...............................................................................................................4
E. INTEREST RATE & PAYMENT ...................................................................................4
F. OTHER GENERAL QUESTIONS .................................................................................5
G. E-COMMERCE ...............................................................................................................9
H. CODE OF CONDUCT (FAIR PRACTICE CODE) .......................................................10

www.midlandbankbd.net | 24-hour Contact Centre: 16596 3

A. CREDIT CARD FEATURES

1. What are the main features of Midland Bank (MDB) credit cards?

MDB credit cards offer you up to 45 days of interest free, wide acceptance at over 38 million
merchants worldwide and the flexibility to make purchases over the internet, pay bills and
withdraw money at over one million ATMs displaying Visa logo in more than 210 countries.

2. Can I have additional credit cards for my family?

As a primary cardholder, you can extend the benefits of your credit card to maximum 5
supplementary cardholders. Supplementary cardholders share your credit limit and you will be
responsible for any transactions or liabilities made on supplementary cards in addition to your
own credit cards. Supplementary cardholders must be at least 18 years old.

3. What are the fees and charges applied for the credit cards?

A copy of the MDB Credit Card Fees and Charges can be obtained either from your nearest
MDB branch or from visiting the site: https://www.midlandbankbd.net .

B. APPLICATION PROCESS

1. How do I apply for MDB credit cards?

Please complete the MDB Credit Card Application Form (“Application Form”) and return it
along with the required supporting documents to your nearest MDB branch. You can also fill
in the online application form at https://www.midlandbankbd.net or call our 24-hour Contact
Centre 16596 for any inquiries about application and supporting documents.

2. What are the necessary documents required get a credit card?

To apply for a credit card, you must submit the following documents:

 2 copies recent passport sized color photographs

 1 copy of e-TIN certificate
 6 month’s bank statement (not more than 1 month old)
 Salary Certificate/Pay Slip/ LOI (not more than 1 month old)
 Photocopy of NID
 Photocopy of passport (for multicurrency transactions )
 Photocopy of Staff ID/Visiting Card (For Salaried person).
 Photocopy of trade license (for business person)

3. What is the required income to be qualified for a MDB credit card?

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The minimum monthly net income required for MDB credit card is DBT 30,000.

4. I am a non-resident, can I still apply for credit cards?

If you are a non-resident, you can’t apply for credit cards.

5. How do I check the progress of my application?

Assessment of your application may take up to 10-12 working days. You can check the progress
of the application by contacting our 24-hour Contact Centre after 10 working days from the
submission date.

6. How long will it take for me to receive my new card?

You will be receiving your card within 15 working days after successfully applying for a new
credit card.

7. How do I know if my application has been approved or declined?

Once your application has been assessed, you will receive an approval notice (or a decline one)
via SMS/Email notification.

C. CARD PAYMENT

1. What are the annual fees of the credit cards?

The annual fee of our credit card can be found in details in the following link:
https://www.midlandbankbd.net/

2. How can I pay the credit card bill?

You can pay your credit card dues by visiting MDB branch, by using MDB internet banking
(midland online: https://ibanking.midlandbankbd.net/), BEFTN, Internet Banking Fund
Transfer using NPS network, MFS (Rocket/bKash) and applying auto debit Instructions.

3. Is it possible to settle both USD and BDT portion outstanding through Auto Debit
instruction?

You can leave an auto debit instruction by applying at your nearest branch or emailing at
Contact Center to pay off your outstanding on your MDB Visa credit card.

www.midlandbankbd.net | 24-hour Contact Centre: 16596 5

D. CREDIT LIMIT

1. What will be the credit limit of new card?

As per your salary or income per month, we may allow 1 (one) to 2.5 (two point five) times of
net income as your credit limit, depending on your Debt Burden Ratio.

Note: Credit Limit is solely dependent on credit analyst’s determination.

2. How can I increase my credit limit?

You can apply for limit enhancement after 6 months of card use and your limit will be enhanced
based on your card usage and repayment tendencies.

3. Is it possible to transfer USD / BDT credit balance from foreign part to local part or
Vice-versa?

Yes, you can transfer your USD/BDT credit balance on your TQ cards by leaving a request at
your nearest branch or mailing to contact center from your registered e-mail.

E. INTEREST RATE & PAYMENT

1. What is the interest rate of the credit cards?

Currently, for all cards it is 14% for Secured Card (FDR) and 20% per annum for Un-secured
card, applicable for Visa Gold and Visa Platinum CreditCards.

2. How is interest calculated for my credit card?

Interest is charged on the outstanding that is not paid or paid partially within the payment due
date. The interest charge will be calculated from the date of all purchase individually until
full payment. Interest free period for any purchase / card cheque transaction is applicable for
15 days to 45 days if previous month’s total outstanding is paid fully within payment due
date. Interest will not be charged if you have paid the full amount of your previous month’s
outstanding within due date. Therefore, if you have settled your card’s outstanding within
payment due date, there will be no interest free period for next/following month’s purchase.

If you opt to pay partial or minimum payment, the interest on your retail or card cheque
transactions will be calculated from the date of transaction. The interest charge is being
calculated from the date of all purchase individually until full payment is done. Here to be
mentioned that there is no interest free period for cash withdrawal where the interest is
calculated from the first day of transaction.

3. What is the interest rate of Insta-Loan and how is it calculated?

All credit card members of Visa Gold and Visa Platinum credit cards can avail Insta-Loan
against their unused credit limit at 9% flat interest rate.

www.midlandbankbd.net | 24-hour Contact Centre: 16596 6

4. How long does it take for credit card payment to be posted if paid at MDB branch
counter or Midland Online?

If the payment is made at branch, it will be updated within the same day. On the other hand, if
the payment is made by using midland online within 5.30 pm on office days, it will be hit your
credit card account on the same day. Similarly, the payment will be updated at your account
instantly if you use Internet Banking Fund Transfer of NPS Bangladesh network. Using
BEFTN takes T+1 day to credit your fund.

F. OTHER GENERAL QUESTIONS

1. Can I withdraw money from ATMs abroad?

Yes, you can withdraw foreign currency from the ATM abroad subject to complying necessary
endorsements.

2. How to conduct an online foreign transaction?

 You need to endorse your passport with the necessary amount TQ limits.
 Transfer necessary amount from BDT part to USD part.
 Call 16596 or leave a request to [email protected] to open the e-
commerce transaction
 After performing the online foreign transaction, you are advised to disable the Foreign
Transaction part.

3. How can I change my mailing address?

You can fill out “card customer request form” available at all MDB branches or leave a request
to [email protected]

4. How can I apply for a card cheque?

You can apply for a card cheque when you are applying for your credit card. You can also
apply for it by leaving a request at any MDB branch or you can apply through the contact center
([email protected]) if you have already issued a card cheque previously.

5. Can I change my card billing cycle?

Unfortunately, it is not possible to change your card billing cycle at this moment.

6. How can I get my statement hard copy?

You can also request for a hard copy statement at your nearest branch (charges will apply).
You shall get your e-statement at your email every month.

www.midlandbankbd.net | 24-hour Contact Centre: 16596 7

7. How can I close my credit card?

You can close the credit card:

 By visiting your nearest branch
 Leaving a request on our Contact Center at 16596
 Leaving a request on [email protected]

8. How many supplementary cards can I avail?

At MDB, you can avail 2 (two) supplementary credit card for free. Any more than that, you
will incur charge as 50% of annual fee.

9. How can I settle my Insta-Loan/EMI early?

You can settle your Insta-Loan /EMI early by depositing all dues of your card account.

10. How can I change the product type of my credit card?

To either upgrade or downgrade your card, you have to write us with proper justification.

11. Is there any penalty charge or fee incurred if I settle my Insta-Loan purchase early?

No, there is no early settlement fee if you settle Insta-Loan early.

12. How can I renew/replace my card?

Write to contact centre at [email protected] from your registered email to

renew early and replace the card.

13. Is PIN mandatory for EMV chip based cards for all types of transactions?

Yes, PIN is mandatory for all types of face-to-face transactions.

14. What is the impact if I miss to pay within Due Date?

Impact of missing due date:

 A late penalty charge will be imposed at your card account.
 Collection executive may call or visit you to remind you about your overdue amount.
 You may receive reminder letter, SMS regarding your overdue repayment.
 Your Credit Card may be blocked automatically if your overdue period exceeds 89
days.

15. If I change my product category, will there be any changes to my payment due date?

Yes, depending on your new product category, your payment date will be changed. Please refer
to the monthly e-statement you are receiving at your registered email.

16. Is air ticket purchase (through E-Commerce /online transaction) allowed by using

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 MDB credit card?
You can purchase air ticket by using MDB credit card by submitting air ticket along with
necessary documents.

17. What is the impact of paying minimum dues within the due date?

Your credit card will start to charge interest firstly on full outstanding then after partial payment
on the rest outstanding amount, according to your transaction date.

18. What is the impact of paying full outstanding amount within the due date?

Your credit card will not charge interest if you clear full outstanding within the due date and if
there was not ATM transactions.

19. How can I reactivate my Card if it is blocked due to any incident or reason?

You have to write to us with proper justification of unblocking your credit card. Note that, your
credit card will be blocked permanently if minimum payment not deposited within 89 days past
due.

20. What is the additional charge you are levying on my international transactions?

International transactions are converted into USD using the exchange rate established by the
Visa for such transaction on the date when the charges are processed by the member bank, plus
any applicable conversion charges.

The Cross boarder currency Markup @ 3.0% on the transaction amount is currently charged
for international transactions and the same has been mentioned on the schedule of charges in
the card statement.

21. How can I update / change my email ID on my credit card account?

You can change / update the Email ID on your credit card account by downloading the “Card
Customer Service Request Form” from the link https://www.midlandbankbd.net and fill in the
details and send the form to [email protected]

22. How can I update / change my mobile number on my credit card account?

You can change / update the Mobile Number on your credit card account by downloading the
“card customer service request form” from the link https://www.midlandbankbd.net and fill in
the details and send the form to [email protected]

23. The magnetic strip on my card is damaged. How do I get my card replaced?

We suggest you to download the “card customer service request form” from the link
https://www.midlandbankbd.net and fill in the details and send the form to
[email protected]

www.midlandbankbd.net | 24-hour Contact Centre: 16596 9

24. What is the time frame to report credit card transaction dispute?

Transaction dispute needs to be reported in writing within 30 days from the statement date in
which the said transaction appears.

25. How do I report a transaction dispute incurred using my credit card?

Please call our 24/7 MDB Contact Centre at 16596 to report the loss of the card and block the
same.

26. How long do I have to wait for my bank to resolve a disputed transaction?

The time taken to resolve a dispute transaction may vary depending on the complexities of the
case. Generally, resolution on a dispute may range between approximately 4 weeks for simple
cases to about 12 weeks for more complex ones, assuming all required documentation has been
promptly provided upon request.

27. How do I register for E-statement facility?

To subscribe e-statement service please write to [email protected]

28. What should I do if I find my card has been lost / stolen or feel my card data has been
compromised?

Call 24-hour MDB Contact Centre at 16596 immediately to notify about the lost/stolen card
incident. Following your notification, the bank will restrict your card from any unauthorized
transaction. However, the bank shall not take responsibility of an unauthorized transaction if it
has happened prior your notification.

29. What should I do if find a transaction SMS alert/call that has not been made by me?

Call 24-hour MDB Contact Centre at 16596 immediately and lodge a written complaint
regarding this at [email protected] .

30. What should I do while made a plan to travel abroad?

Make the necessary dollar endorsement on your Passport against yearly quota and either notify
us at 16596 or write to us at [email protected] about your travel plan i.e.
duration, country to visit, approximate plan on your d.net card spending/usage etc.

31. Whom should I contact for any sort of transaction dispute issue?

For any kind of credit card dispute related queries, please call 24/7 Contact Centre at 16596.

www.midlandbankbd.net | 24-hour Contact Centre: 16596 10

G. E-COMMERCE

1. What are some of the security measures when doing an E-Commerce transaction?

Midland Bank has implemented a technologically advanced and 3D secure online payment
gateway for all Visa Card members. Electronic Commerce (E-Commerce) is a convenient and
efficient process of buying and selling products & services online.

2. What is OTP?

OTP is known as One-Time Password. It is a unique character code that can only be used once
and is sent only to registered mobile number/email address.

3. What is the process of EMI in E-Commerce transaction?

There are two type of EMI process in E-Commerce transaction which are Digital EMI and
Paper based EMI.

4. What is required to place an USD E-Commerce transaction?

Credit Cardholders require to send a request at [email protected] to place an

USD E-Commerce transaction.

5. Can anyone make E-Commerce transaction through USD?

Yes, any Visa credit card issued by MDB can do transaction in USD currency.

6. Is there any limit for E-Commerce transaction in consumer credit card?

Yes, there is a limit for E-Commerce transactions. For USD the limit is up to USD 12,000
every calendar year and for BDT there is no such restriction for E-Commerce transaction. The
card must be endorsed against the travel quota for the calendar year to make an USD E-
Commerce transaction.

www.midlandbankbd.net | 24-hour Contact Centre: 16596 11

H. CODE OF CONDUCT (FAIR PRACTICE CODE)

1. Introduction
Bangladesh Bank has advised to set fair practice standards when dealing with individual
customers. As per the BB guidelines for credit cards, we have adopted and will implement this
code at Midland Bank Limited.
The code will promote competition and encourages market forces to achieve higher operating
standards to the benefit of the customers of Midland Bank Limited. In the code, ‘you’ denotes
our credit card customer and ‘we’ denotes Midland Bank Limited (here is MDB). The standards
of the code are governed by the key commitments detailed in section 2.
Unless stated otherwise, all parts of this code apply to all the credit card products and services,
whether we provide them across the counter, over the phone, on the internet or by any other
method.
Commitments outlined in this code are applicable under normal operating environment. In the
event of force majeure (i.e. act of god, floods, earthquakes), we may not be able to fulfill the
commitments under this code.

2. Key Commitments
Our key commitments to you are that we promise to:
a. Act fairly and reasonably in all our dealings with you by:
 Meeting the commitments and standards in this code, for the products and services
we offer, and in the procedures and practices our staff follow.
 Promoting good and fair practices by setting minimum standards in dealing with
customers.
 Making sure our products and services meet all relevant laws and regulations in
letter and spirit and are appropriate to your needs.
 Our dealings with you will rest on ethical principles of integrity and transparency
so that you can have a better understanding of what to reasonably expect of the
services.
 Not engaging in any unlawful or unethical consumer practice.
 Encouraging market forces through competition, to achieve higher operating
standards.
 Giving clear information about products and services, terms & conditions and the
interest rates/services charges which apply to them.
 Ensuring that our advertising and promotional literature is clear and not misleading.
 Providing suitable, alternative avenues to alleviated problems arising out of
misleading.

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  Fostering your confidence in the financial services system.
b. Help you to understand how our credit card products and services work by giving you
the following information in a simple and vernacular language or a language as
understood by you:
 What are the benefits to you
 How you can avail of the benefits
 What are their financial implications
 Whom you can contact for addressing your queries

c. Deal quickly and effectively with your queries and complaints by:
 Offering channels for you to route your queries
 Listening to patiently
 Accepting our mistakes, if any
 Correcting mistakes/implementing changes to address your queries
 Communicating our response to you promptly
 Telling you how to take your complaint forward if you are not satisfied with
the response.
d. Publicize this code, by making it available for public access on our website and make
copies available for you on request. We will also ensure that our staff is trained to
provide information about the code.
e. Giving information on the facilities provided to you and how you can avail of these and
whom and how you may contact for addressing your queries.

3. Information
Credit card is a service via a plastic card with certain credit/cash facility, which allows you to
pay for goods and services or to withdraw cash.

a. Before you became a customer, we will:

 Help you to choose products and services, which meet your needs.
 Give you clear information explaining the key features of the services and
products you tell us you are interested in so that you can make meaningful
comparison with the terms and conditions offered by other companies and
take an informed decision.
 Communicate with you in vernacular language or a language as understood
by you.
 Normally collect all particulars required for processing application at the
time of application. We shall keep you informed that you would be
contacted immediately again, in case we need any additional information.
 Advise you what information/documentation we need from you to enable us
to issue credit card to you. We will also advise you what documentation we
need from you with respect to your identity, address, employment etc. and

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 any other document that may be stipulated by statutory authorities in order
to comply with legal and regulatory requirements. The same will be
mentioned on the card application form.
 Verify the details mentioned by you in the credit card application by
contacting you on your residence and/ or business telephone numbers and/
or physically visiting your residence and/ or business addresses through
agencies appointed by us for this purpose, if deemed necessary by us.

b. While you apply for credit card, we will

 Explain the relevant terms and conditions such as fees and interest charges,
billing and payment, renewal and termination procedures and any other
information that you may require to operate the card.
 Advise you of our targeted turnaround time while you are availing/applying
for a product/service.
 For every credit card application, we will give you an acknowledgement and
give an indication of the number of days it would take to process the
application
 Inform you in case we are unable to process your credit card application
 Explain you the method of computation of overdue, renewal and
termination.
 Procedures you may require to operate the card
 Provide a copy of the most important terms & conditions
 Before you issue you a card, we will assess whether we feel you will be able
to repay it.
 Inform you if we, as agents or in any other capacity of any insurance
company, offer any type of insurance on credit cards.
 We will ensure that we have your consent to avail these insurance products.

c. When you become a customer, we will:

 Convey the amount of credit limit sanctioned along with the terms and
conditions including annualized rate of interest and method of application
thereof in the welcome kit in a vernacular language or a language as
understood by you.
 Send a service guide/member booklet giving detailed terms and conditions,
interest and charges applicable and other relevant information with respect
to usage of your credit card along with your first credit card.
 Also provide you with a copy of the most important terms & conditions.
 Advise you our contact details such as contact telephone numbers, postal
address, and website/e-mail address to enable you to contact us whenever
you need to.
 If you do not recognize a transaction, which appears on your credit card
statement, we will give you more details if you ask us. In some cases, we

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 may need you to give us confirmation or evidence that you have not
authorized a transaction
 Provide you regular updates on how to use our products through website
and mailers.
 Before we increase your credit card or cash limit or other borrowing, we
will assess whether we feel you will be able to repay it and we will take your
consent in writing. Consent receive though electronic means where
customer specifically validate the transaction and having read the MITC and
where digital records of such content can be retrieved as a proof of consent
will also be treated as consent.

4. Tariff (Fees/Charges/Interest)
 You can find our schedule of common fees and charges (including interest rates)
by:
- Referring to the service guide/member booklet
- Calling up on contact centre 16596
- Visiting our website https://www.midlandbankbd.net or
- Asking our designated staff at MDB branch
 We will provide information on key features of the products including applicable
interest rates/fees and charges.
 If you ask us, we will explain how we apply interest to your account
 Changes in our tariff; when we change our tariff (interest rate or other fees/charges)
on our credit card products, we will update the information on our website.

5. Charges

 When you become a customer, we will give you upfront details of charges
applicable.
 You can also find out about our charges by:
- Calling our Contact Centre 16596.
- Visiting our website https://www.midlandbankbd.net
- On your billing statement.
 If we increase of these charges or introduce a new charge, it will be notified at least
one month before the revised charges are levied/become due.
 We will tell you the charge for any other service or product before we provide that
service or product, and at any time you ask.

6. Terms and Conditions

 When you become a customer or accept a product for the first time, we will give
you the relevant terms and conditions for the service you have asked us to provide.
 All written terms and conditions will be fair and will set out your rights and
responsibilities clearly and in a simple language which will also be in a vernacular
language or a language as understood by you. We will only use legal or technical
language where necessary to set out rights and obligations of the parties.
 We will seek your acceptance to the terms and conditions in the card application

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 form.
 We offer Insta-loan on flat interest rate.
 Changes to terms and condition.
- Changes to terms and conditions will be notified to you in vernacular
language or a language as understood by you from time to time.
- Normally changes will be made with prospective effect giving notice of at
least one month.
- If we make any change without prior notice (including interest), we will
notify the change within 30 days.

7. Advertising and Marketing:

 We will make sure that all advertising and promotional material is clear, fair,
reasonable and not misleading.
 We will inform in our advertisement in any media and promotional literature which
draws reference to an interest rate on a product or service offered by us, whether
other fees and charges will apply and that full details of the relevant terms and
conditions are available on request.
 We would like to provide you with the entire range of financial services, products,
some of which are our own products while some others are products of our
group/associate/entities or companies with whom we have tie-up arrangements on
receipt of your consent to receive such information/service either by mail or by
registering on our website or Contact Centre.
 Third parties working for us will deal with your personal information with some
confidentiality as we do.

8. Account Operations:

 To help you manage your account and check entries on it, we will give your account
statement free of cost, with details of the transactions made with/using your credit
card unless the account has been deemed inactive.
 We will also send you the credit card statement on a predetermined date every
month by e-mail.
 We will tell you what you can do to help protect your account.
 In the event that your card has been lost or stolen, or that someone else knows your
PIN other security information, we will, on your notifying us, take immediate steps
to try to prevent these from being misused.
 We will provide notification to you for all ‘card not present’ transactions.
 In case we activate the card without your consent/ bill you for the card for which
you have not given consent, we will reverse the charges on demand.

 If the limit on your credit card is proposed to be reduced, we will inform you
immediately including the reason therefor by e-mail followed by a confirmation in
writing.

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  We shall also inform you the method of computation of overdue, financial
implications of paying only ‘the minimum amount due’.

9. Cards & PINs

 If you do not recognize a card transaction that appears on your statement, we will
provide you with more details. In some cases, we will need you to give us
confirmation or evidence that you have not authorized a transaction.
 We will give you your PIN separately from your card and will dispatch it at the
mailing address provided by you. If you desire, we shall deliver your credit
card/PIN at our branches after due identification. We will not reveal your PIN to
anyone else.

10. Confidentiality of Account Details

 We will treat all your personal information as private and confidential (even when
you are no longer a customer). We will not reveal transaction details of your
accounts to a third party, including entities in our group, other than in the following
exceptional cases when we are allowed to do-
- If we have to give the information by law.
- If there is a duty towards the public to reveal the information
- If our interests require us to give the information (for example, to prevent
fraud) but we will not use this as a reason for giving information about you
or your accounts (including your name and address) to anyone else,
including other companies in our group, for marketing purpose.
- To third parties engaged by the company for verification and operation of
card accounts and other administrative service.
- To Credit Information Bureau (CIB) of Bangladesh Bank on monthly basis
 Wherever possible, reasons for rejection of increase in credit/cash limit will be
conveyed to you.

11. Collection of Dues

 We will follow the collection policy framed to collect the dues.

 We will follow our code of conduct for collections.
 Our collection policy is built on courtesy, fair treatment, and persuasion. We believe
in fostering customer confidence and long term relationship.
 We will make sure that our collections policy includes collection after due
consideration for genuine difficulties forced by you. In the matter of recovery of
amount due we will not resort to harassment. The company shall ensure that the

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 staff are adequately trained to deal with the customers in an appropriate manner for
complaints related to rude behavior.
 We will have a system of checks before passing on a default case to collection
agencies so that you are not harassed on account of lapses on our part. We will give
a notice in a vernacular language or a language as understood by you before taking
a decision to recall/ accelerate payment or performance in consonance with the
welcome kit.
 We will not interfere in your affairs except for the purpose provided in the terms
and conditions of welcome kit (unless new information, not earlier disclosed by
you, has come to our notice).
 All the members of the staff or any person authorized to represent the bank in
collection and / or security repossession shall follow the guidelines set out below;
a) Customer would be contacted ordinarily at the place of his/her choice and
in the absence of any specified place at the place of his/her residence and if
unavoidable at his/her residence, at the place of business/occupation.
b) Identity and authority to represent the company shall be made known to the
customer at the first instance.
c) Customer’s privacy shall be respected.
d) Interaction with the customer shall be in a civil manner
e) Our representatives shall contact the customers between 1000 hrs and 1800
hrs, unless special circumstances.
f) Customers request to avoid calls at a particular time or at a particular place
shall be honored.
g) Time and number of calls and contents of conversation would be
documented.
h) All assistance shall be given to resolve disputes or differences regarding
dues in a mutually acceptable and orderly manner.
i) During visits to customer’s place for dues collection, decency and decorum
shall be maintained.
j) Inappropriate occasions such as bereavement in the family or such other
calamitous occasions shall be avoided for making calls/ visit to collect dues.

12. General

 We will not discriminate with you on the grounds of sex, caste, and religion in
matter of providing credit card service.
 If we think necessary, we will verify the details mentioned by you in the credit card
application by contacting you at your residence/ business address through agencies
appointed for the purpose.
 You are expected to co-operate if the company needs to investigate a transaction on
your account and with the police/ other investigate agencies, if the company needs
to involve them.

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  As a customer you will be responsible for all losses if you act fraudulently or
without reasonable care.
 We will not withdraw the concession or relief already given during the original
validity period of the concession/relief.
 The bank shall refrain from interference in your affairs except for the purposes
provided in the terms and conditions of the cardholder agreement.
 You may be liable for misuse on account of loss of your PIN or compromise of your
password or of other secured information until the time that we have been notified
and have taken steps to prevent the misuse.
 When you change any of the following please let us know;
 Name
 Address
 Phone number
 E-mail

13. Further Assistance: Complaints/Grievances and Feedback/Suggestions

Contact particulars: The cardholder can contact for making any queries or for any grievance
through any of the following ways:

 24-hour MDB Contact Centre:16596

 Through e-mail: [email protected]
 Through mail by writing to MDB Card Division, Hong Kong Shanghai Tower (1st
Floor), House# 106, Road # 11, Block # C, Banani, Dhaka-1212
 If you do not get a satisfactory response for a complaint lodged and wish to pursue
other avenues for redressal of grievance, you may approach to our Complaints Cell
at [email protected] .

14. Marketing Ethics:

 Our sales representatives will identify themselves when they approach you for
selling card product.
 In the event of receipt of any complaint from you that our representative has
engaged in any improper conduct, we shall take appropriate steps to redress the
complaints.
 If our telemarketing agent/staff contact you over phone for selling any of our credit
card products or with any cross sell offer, the caller will identify himself/herself and
advise you that he/she is calling on our behalf.

15. Termination of Card

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  You may terminate your credit card by giving notice to us by following the procedure and after
clearing outstanding dues, if any. We will comply with your request for cancellation and
confirm cancellation/closure of the credit card to you within 7 working days of the request
being received in written or through e-mail registered to us, provided that the outstanding
amount, if any, is settled/paid.
 We may at our sole option terminate our credit card, if in our opinion, you are in breach of the
cardholder agreement and related most important terms & conditionsor any other credit and/ or
fraud risk involvement.

16. If you have any queries about the code, you should contact us at the above mentioned contact
particulars.

17. This code will be reviewed once every year or earlier in case of any changes in laws and regulations
(as may be applicable) and the review will be undertaken in a transparent manner.

www.midlandbankbd.net | 24-hour Contact Centre: 16596