Mercantile Bank

WikiFX | 2022-05-29 20:17

Abstract：Mercantile Bank was established in 1999. They provide a wide range of services to their clients, enabling them with the best banking services. They also provide special banking practices for their Muslim clients. They provided quality services during the covid 19 pandemic.

General Information

Mercantile Bank was established in 1999. They provide a wide range of services to their clients, enabling them with the best banking services. They also provide special banking practices for their Muslim clients. They provided quality services during the covid 19 pandemic.

Investment products

The core activities of the Bank are to provide all kinds of commercial banking services including Deposits Mobilization, Corporate Banking, SME and Consumer Businesses, Discounting bills, Foreign Exchange Business, Off Shore Banking, Treasury function, Card business, Mobile Banking (MyCash), Internet Banking, Locker Service and Islamic Banking etc.

Account Types and information

This broker has many account types:

Current Deposit Account

Current Deposit Account is the net flow of current transactions with no restriction. It is an easy-to-use, convenient current account.

Savings Bank Account

This account has been designed and developed for savers who want to save their income.

Special Noticed Deposit Account

Any individual or corporate body can open Special Notice Deposit Account, which is an interest bearing deposit account, for a short period of time.

Fixed Deposit Account

Unlike CD, SND and SB account, Branch shall accept deposit of fixed amount of money from the customers for a fixed period of time with interest under the term plan time to time.

Masik Munafa Amanat Prokolpo (MMAP)

Help the retired persons for investing their retirement benefits.

Create investment opportunities for Non-Resident Bangladeshi.

School Banking

Non-Chequeable Savings Bank Account (NSB A/C)

MBL Bonus Sanchay Hishab

Masik Sanchaya Prokolpo (MSP)

Build up habit of savings.

Attract small savers.

Saving for rainy days.

Troi-Masik Munafa Amanat Prokolpo (TMAP)

Super Munafa Amanat Prokolpo (SMAP)

Aporajita Masik Munafa Prokolpo (AMMP)

Emphasizing specially on independent, hard working women, MBL launched a new fixed term Deposit Product in name “অপরাজিতা মাসিক মুনাফা প্রকল্প”. This product is exclusively designed to provide female customers with the best profit on their hard earned/saved money with hassle free banking

Savings Bank Account for MSS

Poribar Surokkha Amanat Prokolpo (PSAP)

Digun Briddhi Amanat Prokolpo (DBAP)

MBL Prabasi Sanchaya Hishab

Savings Bank (SB) Account for NRBs is a Savings Bank (SB) Account in local currency for the Non-Resident Bangladeshis (NRBs) who are residing abroad or proceeding abroad for employment.

MBL Prabasi Masik Sanchaya Prokolpo

Masik Sanchaya Prokolpo (MSP) for NRBs is a monthly installment base savings deposit product with flexible long term tenure for individuals who is already living outside of Bangladesh or proceeding abroad for employment.

Contact Info

Mobile: 16225

Overseas and T & T: +88 09678016225 and +88 09612316225

Email Address: contact@mblbd.com

Liquidity Interest Base rate

Related broker

No Regulation

MBL

Company name：Mercantile Bank Limited

Score

1.57

Website：http://www.mblbd.com/home

5-10 years | Suspicious Regulatory License | High potential risk |

Score

1.57

GCI Exposure: Are Traders Being Blocked from Withdrawing Funds?

Do you witness contradictory stands by GCI on your profits and losses? Does it prevent you from withdrawing when you earn profits and have no issues when you incur losses? Did you witness a deposit credit failure on the trading platform? Were you scammed through unrealistic swap rates? These issues have allegedly shaped a negative narrative for the broker on review platforms. Read on as we share different GCI reviews.

Original 2026-03-24 21:36

Basics of Foreign Exchange and Currency Pairs in India by Junior Oneii

The countdown for a full-fledged discussion on the topic titled - Basics of Foreign Exchange and Currency Pairs - has begun. On March 17, 2026, the WikiFX team will conduct a live session with Junior Oneii, a full-time Forex and Crypto trader, while also earning the reputation of a Key Opinion Leader (KOL) across financial markets. The hon’ble guest will share insights on the Indian forex market ecosystem, including its mechanisms, advantages, and inherent challenges

Original 2026-03-16 19:43

Exchange Rate Fluctuations: Key Facts Every Forex Trader Should Know

The forex market is a happening place with currency pairs getting traded almost non-stop for five days a week. Some currencies become stronger, some become weaker, and some remain neutral or rangebound. If you talk about the Indian National Rupee (INR), it has dipped sharply against major currencies globally over the past year. The USD/INR was valued at around 85-86 in Feb 2025. As we stand in Feb 2026, the value has dipped to over 90. The dip or rise, whatever the case may be, impacts our daily lives. It determines the price of an overseas holiday and imported goods, while influencing foreign investors’ perception of a country. The foreign exchange rates change constantly, sometimes multiple times a day, amid breaking news in the economic and political spheres globally. In this article, we have uncovered details on exchange rate fluctuations and key facts that every trader should know regarding these. Read on!

Original 2026-02-18 20:13

Fake FP Markets Exposure: Allegations of Fund Withdrawal Denials & Trade Manipulation

Did you experience a surprise cancellation of the profits made on the Fake FP Markets trading platform? Did you face more losses than what’s mentioned on your stop-loss order? Did you lose all your capital invested through a supposedly introducing broker? Failed to receive access to the FP Markets withdrawal despite a long delay from the application date? You are not alone! In this Fake FP Markets review article, we have investigated some complaints concerning withdrawal denials and trade manipulation. Read on as we share updates below.

Original 2026-02-17 21:15