IFIC Bank PLC-First generation Bangladeshi private commercial bank

Type

Public Limited Company

Traded as

DSE: IFIC

Industry

Banking

Founded

1976 in Dhaka, Bangladesh

Headquarters

IFIC Tower, 61, Purana paltan, Dhaka-1000, Bangladesh

Number of locations

1360+ Branches & Uposhakhas

Key people

Salman F Rahman (chairman), Mohammad Shah Alam Sarwar (MD & CEO)

IFIC Bank Limited

IFIC PLC

• Details

• Branches

• ATM

• Routing Numbers

• Contact

Details

Registered Name	International Finance Investment and Commerce Bank PLC
Legal Status	Public Limited Company
Logo
Established	1976
Type	Private Bank
Category	Commercial Bank
Origin	Local Bank
Services	Loan Products Retail Loan SME Loan Corporate Loan Trade Finance Lease Finance Hire Purchase Card Services Debit Card Credit Card Prepaid Card Digital Banking Internet Banking Mobile Banking SMS Banking ATM Services Other Services Locker Services Remittance Services Sanchayapatra Services NRB Accounts Utility Bill Payment Online Payment Gateway Bkash Agent Banking
More Resources
Corporate Address	BDBL Building, 8 Rajuk Avenue, Motijheel, Dhaka 1000, Bangladesh.
Telephone	+880 2 9563020, 9562060, 9562062, 9562068
Fax	+880 2 9562015, 7161644
Call Center	16255, +880 96 66716255
E-mail Address	info@ificbankbd.com
Website	www.ificbank.com.bd
SWIFT Code	IFICBDDH
Code	120
Stock Code	IFIC - DSE CSE
Service Hours	Sunday: 10:00 am - 4:00 pm Monday: 10:00 am - 4:00 pm Tuesday: 10:00 am - 4:00 pm Wednesday: 10:00 am - 4:00 pm Thursday: 10:00 am - 4:00 pm Friday: Closed Saturday: Closed

Branches

SL	Branch Name	District	Division	Address	Contact	Routing No.	Map
1	Aganagar Branch	Dhaka	Dhaka	“Babul Tower”, Bridge Road, Kadamtali, Aganagar Union , South Keraniganj, Dhaka	01787668285, 01787668291 0880 9666 716 250 Ext-121910	120270136
2	Agrabad Branch	Chattogram	Chattogram	“Suraiya Mansion”, Holding No- 30, Agrabad C/A, Dist.: Chattogram	01713229814 09666 716 250 Ext-203010, 031-710531, 712347, 712348, 717937	120150135
3	Akhaura Branch	Brahmanbaria	Chattogram	68,Shahjadi Complex, Akhaura Pouroshava , Brahmanbaria.	+88 01709679980,+88 01713755009	120120044
4	Alankar More Branch	Chattogram	Chattogram	Alankar More, Ward No.10, P.S. Pahartoli, Chittagong City Corporation, Dist.- Chattogram	+88 01730709795, +88 01755520715 0243151173,0243151174,02243151175	120150148
5	Amberkhana Branch	Sylhet	Sylhet	Point View Shopping Center , Holding-0841-00, Sunamganj Road, Amberkhana, Sylhet.	01678010227 (0821) 714357,721729	120913972
6	Anwara Branch	Chattogram	Chattogram	"Haque Tower", P A B Road, Chatori, Chowumuhani Bazar, Anwara, Chattogram	+88 01708466482 +88 09666716250, Ext-223611	120150522
7	Araihazar Branch	Narayanganj	Dhaka	"Rezia Complex", Araihazar General Hospital Road, Araihazar Pourasava , Narayanganj	+8801730006643, +8801755543544	120670044
8	Arshinagar Branch	Dhaka	Dhaka	Arshinagar, Modher Char, Shakta Union Parishad, Keraniganj, Dhaka	+88 01708466483 , +88 01708123360	120270507
9	Ashugonj Branch	Brahmanbaria	Chattogram	“Sheria Sayed Tower”, Holding No.336/1, Post office Road, Ashuganj Bazar, Ashuganj Upazilla , Brahmanbaria	+88 01755520716 08528-74623	120120107
10	Ashulia Branch	Dhaka	Dhaka	“Rifat Square Plaza”, Jamgora, Yarpur Union , Ashulia, Savar, Dhaka	+88 01713423767, +88 01678010069 7788411	120260225

ATM

1	Agrabad Branch ATM	Chattogram	Chattogram	30, Agrabad C/A, Chattogram
2	Bajitpur Branch ATM	Kishoreganj	Dhaka	Holding No- 215, Bajitpur Bazar, Dist.: Kishoreganj
3	Beximco Dhanmondi ATM	Dhaka	Dhaka	Beximco Pharmaceuticals Limited. House- 19, Road-7 Dhanmondi R/A, Dhaka
4	Beximco Industrial Park ATM	Gazipur	Dhaka	Beximco Industrial Park, Sarabo, Kashimpur, Gazipur
5	Beximco Tongi ATM	Gazipur	Dhaka	Beximco Pharmeceutical Limited, Cherag Ali, Tongi, Gazipur
6	BTMC ATM	Dhaka	Dhaka	BTMC Bhaban,Ground Floor,7-9, Kawran bazar, Dhaka
7	Chattagram Chawlkbazar ATM	Chattogram	Chattogram	Mati Complex, 68, College Road, Chawk Bazar C/A Chattagram
8	Cherag Ali Branch ATM	Gazipur	Dhaka	Holding No. 16, Boksh Tower, Cherag Ali Market, Tongi, Gazipur.
9	Dhaka- Moulovibazar Branch ATM	Dhaka	Dhaka	Haji Jane Alam Market”, Holding No- 6/1, Mokim Katra Road, Lalbagh, Dist.- Dhaka
10	Dhanmondi Branch ATM	Dhaka	Dhaka	Royal Plaza , Holding No.8/A, Plot No.- 24(old), 8(new), Road No. 4,

Routing Numbers

SL	Branch Name	District	Division	Address	Contact	Routing No.
1	Aganagar Branch	Dhaka	Dhaka	“Babul Tower”, Bridge Road, Kadamtali, Aganagar Union , South Keraniganj, Dhaka	01787668285, 01787668291 0880 9666 716 250 Ext-121910	120270136
2	Agrabad Branch	Chattogram	Chattogram	“Suraiya Mansion”, Holding No- 30, Agrabad C/A, Dist.: Chattogram	01713229814 09666 716 250 Ext-203010, 031-710531, 712347, 712348, 717937	120150135
3	Akhaura Branch	Brahmanbaria	Chattogram	68,Shahjadi Complex, Akhaura Pouroshava , Brahmanbaria.	+88 01709679980,+88 01713755009	120120044
4	Alankar More Branch	Chattogram	Chattogram	Alankar More, Ward No.10, P.S. Pahartoli, Chittagong City Corporation, Dist.- Chattogram	+88 01730709795, +88 01755520715 0243151173,0243151174,02243151175	120150148
5	Amberkhana Branch	Sylhet	Sylhet	Point View Shopping Center , Holding-0841-00, Sunamganj Road, Amberkhana, Sylhet.	01678010227 (0821) 714357,721729	120913972
6	Anwara Branch	Chattogram	Chattogram	"Haque Tower", P A B Road, Chatori, Chowumuhani Bazar, Anwara, Chattogram	+88 01708466482 +88 09666716250, Ext-223611	120150522
7	Araihazar Branch	Narayanganj	Dhaka	"Rezia Complex", Araihazar General Hospital Road, Araihazar Pourasava , Narayanganj	+8801730006643, +8801755543544	120670044
8	Arshinagar Branch	Dhaka	Dhaka	Arshinagar, Modher Char, Shakta Union Parishad, Keraniganj, Dhaka	+88 01708466483 , +88 01708123360	120270507
9	Ashugonj Branch	Brahmanbaria	Chattogram	“Sheria Sayed Tower”, Holding No.336/1, Post office Road, Ashuganj Bazar, Ashuganj Upazilla , Brahmanbaria	+88 01755520716 08528-74623	120120107
10	Ashulia Branch	Dhaka	Dhaka	“Rifat Square Plaza”, Jamgora, Yarpur Union , Ashulia, Savar, Dhaka	+88 01713423767, +88 01678010069 7788411	120260

Contact

Contact us
IFIC Tower, 61 Purana Paltan, Dhaka-1000.
Phone: 09666716250
Fax: 880-2-44850205
info@ificbankbd.com
Swift: IFIC BD DH

IFIC Bank Limited is a major private commercial bank in Bangladesh. Here are some key facts about the bank:

• Founded in 1976 as a joint venture between the Government of Bangladesh and private sector sponsors, with the objective of working as a finance company within the country and setting up joint venture banks/financial institutions abroad.
• Converted into a full-fledged commercial bank in 1983 when the government allowed private sector banks.
• Currently the largest banking network in Bangladesh with over 1,400 branches and uposhakhas (sub-branches).
• Has joint ventures and subsidiaries in Nepal, Oman and the UK.
• The Government of Bangladesh holds 32.75% of the share capital, while sponsors/directors own 4.11% and the rest is held by local and foreign institutions and general shareholders.
• Launched “IFIC Islamic” in 2024, a shariah-compliant full range of Islamic banking services alongside its conventional offerings.
• Implementing a core banking system upgradation to provide customers with more sophisticated and improved banking services.
• Organized a workshop on “Fake Note Detection and Prevention of its Circulation” in 2024.

So in summary, IFIC Bank is a major player in the Bangladeshi banking sector with the largest branch network, while also having international presence through subsidiaries and offering both conventional and Islamic banking services. It continues to modernize its systems to serve customers better.

Main Services Offered by IFIC Bank

IFIC Bank offers a wide range of banking services to its customers. Here are some of the key services:

Deposit Products

• Savings Account (General & Student)
• Current Account
• Fixed Deposit
• Monthly Savings Scheme
• Double Benefit Scheme
• Triple Benefit Scheme
• Millionaire Scheme
• Aamar Protibeshi Account

Loan Products

• Retail Loan
• SME Loan
• Corporate Loan
• Trade Finance
• Lease Finance
• Hire Purchase

Card Services

• Debit Card
• Credit Card
• Prepaid Card

Digital Banking

• Internet Banking
• Mobile Banking
• SMS Banking
• ATM Services

Other Services

• Locker Services
• Remittance Services
• Sanchayapatra Services
• NRB Accounts
• Utility Bill Payment
• Online Payment Gateway
• Bkash Agent Banking

IFIC Bank also launched “IFIC Islamic” in 2024, offering a full range of shariah-compliant Islamic banking services alongside its conventional offerings. The bank has the largest banking network in Bangladesh with over 1,400 branches and uposhakhas (sub-branches), as well as joint ventures and subsidiaries in Nepal, Oman and the UK. So in summary, IFIC Bank provides a comprehensive suite of deposit, loan, card, digital banking and other services to cater to the diverse needs of its retail, SME and corporate customers across Bangladesh and internationally.

Benefits of Using IFIC Bank’s Locker Services

IFIC Bank offers locker services that provide customers with a secure and confidential way to store their valuables. Here are the main benefits of using these locker services:

Enhanced Security

• Protection Against Theft and Damage: Lockers are designed to safeguard your valuables from theft, fire, and other unfortunate incidents.

Accessibility and Convenience

• Quick Access: Customers can access their lockers conveniently during banking hours.
• Wide Availability: Lockers are available at multiple branches across various districts, making it easier for customers to find a nearby location.

Variety of Options

• Different Sizes: Lockers come in various sizes (small, medium, and large) to accommodate different needs, allowing customers to choose based on their requirements.
• Flexible Rental Terms: Lockers are rented out for a minimum period of one year, with the option to renew.

Cost-Effective

• Transparent Pricing: Rental charges are clear and payable in advance, helping customers plan their finances accordingly. The annual fees vary depending on the locker size, ensuring options for different budgets.

Eligibility

• Wide Eligibility: Individuals (except minors), firms, companies, associations, clubs, trusts, and societies can all apply for locker services, making it accessible to a broad range of customers.

Additional Features

• Linked CASA Account Requirement: To realize the locker charge, a linked Current Account or Savings Account (CASA) at IFIC Bank is required, which integrates banking services for ease of management.

In summary, IFIC Bank’s locker services offer a secure, accessible, and varied solution for customers looking to protect their valuables, with transparent pricing and broad eligibility criteria.

How secure are the lockers at IFIC Bank

 The lockers at IFIC Bank are designed with enhanced security features to ensure the safety and confidentiality of customers’ valuables. Here are the key aspects of their security:

Security Features

• Physical Security: Lockers are housed in secure vaults, which are built to withstand unauthorized access and environmental threats like fire or flooding.
• Access Control: Only authorized personnel and the locker holders have access to the lockers. Customers must present identification and may need to use a key or combination to access their locker.
• Insurance Coverage: While specific details on insurance are not mentioned, the bank emphasizes protecting valuables against unfortunate incidents, suggesting a level of coverage for items stored in lockers.

Confidentiality

• Privacy Assurance: The bank prioritizes the confidentiality of locker users, ensuring that the contents of the lockers are not disclosed to unauthorized individuals.

Accessibility

• Convenient Access: Customers can access their lockers during banking hours, allowing for quick retrieval of items when needed.

Rental and Eligibility

• Lockers are available in various sizes (small, medium, large) with clear rental terms, and eligibility extends to individuals, firms, and organizations, enhancing accessibility while maintaining security protocols.

In summary, IFIC Bank’s locker services provide a secure environment for storing valuables, backed by physical security measures, controlled access, and a commitment to confidentiality.

How does IFIC Bank ensure the confidentiality of the valuables stored in their lockers

IFIC Bank ensures the confidentiality of the valuables stored in their lockers through several key measures:

Enhanced Security Protocols

• Physical Security: Lockers are located within secure vaults that are designed to withstand unauthorized access and environmental threats, such as fire and flooding. This physical infrastructure is crucial for maintaining the integrity of the stored items.
• Controlled Access: Access to the lockers is strictly limited to authorized personnel and the locker holders. Customers must present identification and may need to use a key or combination to access their locker, ensuring that only the rightful owner can retrieve their valuables.

Confidentiality Policies

• Privacy Assurance: IFIC Bank emphasizes the importance of confidentiality in its operations. All information regarding the contents of the lockers is treated as confidential, and the bank has policies in place to prevent unauthorized disclosure of this information.
• Employee Conduct: The bank’s code of conduct requires employees to maintain the confidentiality of customer information and to be vigilant against any fraudulent activities. Employees are trained to uphold these standards, which include reporting any suspicious activities that could compromise security.

Regular Monitoring and Compliance

• Surveillance Systems: The bank employs physical and technical surveillance measures to monitor the premises and ensure that security protocols are followed. This includes periodic drills to prepare for potential security breaches and promote a culture of safety awareness among employees.
• Regulatory Compliance: IFIC Bank adheres to regulatory requirements that govern the operation of locker services, ensuring that they meet industry standards for security and confidentiality.

In summary, IFIC Bank combines robust physical security measures, strict access controls, a commitment to confidentiality, and ongoing employee training to ensure the safety and privacy of the valuables stored in their lockers.

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