Rajshahi Krishi Unnayan Bank (RAKUB)

Rajshahi Krishi Unnayan Bank (RAKUB) was established by the President’s Ordinance No. 58 of 1986 with the aim of providing institutional agricultural credit for optimum utilization of agricultural potentials of Rajshahi Division. Taking over the branches and offices along with assets and liabilities of the Bangladesh Krishi Bank within Rajshahi division, the bank started functioning on 15 March 1987. As of 30-06-2014 there are 376 branches of the bank including LPO and Dhaka branch among which 190 are in Rajshahi and 184 in Rangpur division.

Rajshahi Krishi Unnayan Bank (RAKUB) is a state owned bank in Bangladesh with regional approach.

Deposit Programs of Rajshahi Krishi Unnayan Bank (RAKUB)

Though a specialized bank, RAKUB performs most deposit banking activities like commercial banks. Special products of the bank include deposit schemes like

Sanchay Scheme (RSS),
Sanchay Scheme (KSS),
Double Money Scheme (RDMS),
Daily Profit Scheme (RDP),
Grameen Pension Scheme (RGPS),
Monthly Profit Scheme (RDP),
Triple Money Scheme (RTMS),
Monthly Sanchay Scheme (RMSS),
Millionaire Deposit Scheme (RMDS).

Small Enterprise Credit Program (SECP)

The project is jointly funded by the Royal Norwegian government and RAKUB. It aims at promotion of entrepreneurship in agro-based small enterprises and non-farm activities. The main objective of the project is to create employment through development of small enterprises. It gives priority to financing the women entrepreneurs. Maximum credit limit for a single enterprise is Taka 0.50 million. The project provides training to the entrepreneurs. A process is undergoing for converting the project into a subsidiary company of RAKUB.