Rupali Bank PLC (রূপালী ব্যাংক পিএলসি) is one of the leading state-owned commercial banks in Bangladesh. Established with the mission of providing efficient and inclusive banking services, the bank plays a significant role in fostering economic development and financial inclusion in the country. Rupali Bank PLC offers a broad range of banking products and services to individuals, businesses, and government entities.
As a state-owned bank, Rupali Bank PLC actively supports national development projects, poverty alleviation programs, and financial empowerment initiatives. The bank’s extensive network enables it to reach underserved populations, making it a key player in promoting economic inclusivity. It is remains a vital institution in Bangladesh’s financial landscape, upholding its commitment to economic progress and social responsibility.
Overview of Rupali Bank PLC:
Rupali Bank PLC (রূপালী ব্যাংক পিএলসি) is one of the oldest and most prominent state-owned commercial banks in Bangladesh. Established shortly after the country’s independence, the bank has a strong legacy of serving the nation through its extensive network and a diverse range of financial products. It is known for supporting economic development, rural financial inclusion, and government initiatives. It was established: 1972, following the merger of Muslim Commercial Bank, Australasia Bank, and Standard Bank (operating in East Pakistan before independence).
As a state-owned institution, Rupali Bank PLC is integral to the country’s economic framework. It supports public welfare programs, provides financing for large-scale development projects, and ensures banking access in remote regions, thereby fostering financial inclusivity. Rupali Bank PLC continues to evolve, focusing on modernization and digital transformation while maintaining its commitment to economic development and social responsibility.
See also:
❏ Banks in Bangladesh
Rupali Bank PLC at a glance: | |
| Bank Name | Rupali Bank PLC (রূপালী ব্যাংক পিএলসি) |
| Logo |  |
| Legal Status | Public Limited Company |
| Established | 1986 |
| Type | Public Bank |
| Category | Commercial Bank |
| Origin | Local Bank |
| No. of Branches | 586 |
| No. of Sub-Branches | 33 |
| No. of ATM Booths | 63 |
| No. of Employees | 7164 |
| Authorized Capital | Tk 7000 million |
| Paid up Capital | Tk 4647 million |
| Face Value per Share | Tk 10 |
| Subsidiary Company | Rupali Investment Limited and Rupali Bank Securities Ltd. |
| Address | Rupali Bank PLC, Head Office: Rupali Bhaban, 34 Dilkusha C/A, Dhaka-1000, Bangladesh |
| Call Center | 16495, +880 96 14016495 (Overseas) |
| Telephone | +88-02-9555094; +88-02-9551624-25, +88-02-9551525 (PABX) |
| Fax | +88-02-9564148, +88-02-9552671 |
| Bank Code | 185 |
| SWIFT Code | RUPBBDDH |
| Stock Code | RUPALIBANK – DSE CSE |
| info@rupalibank.org | |
| Website | www.rupalibank.com.bd |
| Service Hours | Business day (Sun ~ Thu) 10:00 am ~ 4:00 pm * (Fri ~ Sat) Closed |
| Services |
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History of Rupali Bank PLC:
Rupali Bank PLC (রূপালী ব্যাংক পিএলসি) has a rich legacy rooted in the post-independence economic development of Bangladesh. Rupali Bank PLC was constituted with the merger of 3 (three) erstwhile commercial banks that previously operated in East Pakistan i.e. Muslim Commercial Bank Ltd., Australasia Bank Ltd. and Standard Bank Ltd. operated in the then Pakistan on March 26, 1972 under the Bangladesh Banks (Nationalization) Order 1972 (P.O. No. 26 of 1972), with all their assets, benefits, rights, powers, authorities, privileges, liabilities, borrowings and obligations. The bank started operations with an authorized capital of Tk 50 million and paid-up capital of Tk 10 million. The paid up capital was raised to Tk 20 million in 1973. In view of the increased volume of banking activities and business, its authorized and paid-up capital were further increased to Tk 7 billion and Tk 1.25 billion respectively.
Rupali Bank worked as a nationalized commercial bank till December 13, 1986. Rupali Bank PLC emerged as the largest Public Limited Banking Company of the country on December 14, 1986. Over the years, it has transformed into a significant financial institution, supporting the nation’s economic progress and fostering financial inclusion. After becoming a public limited company, Rupali Bank was listed on both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE). Its stock code is RUPALIBANK, enabling public investors to buy shares and participate in the bank’s ownership.
The bank was denationalized on 14 December of 1986 with the provision that the government of Bangladesh would hold at least 51% of its share capital and the rest would be subscribed by the general public. In 1997, the government’s share in its paid up capital was 94.55%. Because of the very large share of the government in the bank’s capital, it is still considered as a nation aliased commercial bank. At present the authorized capital and paid up capital of the Bank were 7000 and 4647 million taka respectively.
Over the decades, Rupali Bank has significantly expanded its network across Bangladesh, particularly in rural and underdeveloped areas, aligning with its mission to support financial inclusion. The bank has played a pivotal role in implementing government programs, including disbursing social safety net funds, agricultural loans, and remittances. In recent years, Rupali Bank has focused on modernizing its services by introducing digital banking platforms, including mobile and internet banking, as well as expanding its ATM network. The bank has embraced core banking solutions to improve operational efficiency and enhance customer experiences.
At present, the bank has correspondent relationships with 350 foreign banks/bank offices throughout the world. The bank operates a large-scale foreign trade and also provides different services including transshipment of foreign remittances. Presently the bank is functioning correspondent banking with 350 banks and financial institutions all over the world. Also it had an overseas branch in Karachi. The bank receives deposit from various service’s accounts and distributes loan in every sector of economy. Moreover, Rupali bank arranges for agency service to the government in food collecting program and accepts revenue through all the 586 branches, 33 sub-branches & 63 ATM booths across the country. At present, the total number of employee of the bank is 7164.
Services Offered by Rupali Bank PLC:
Rupali Bank PLC offers a comprehensive suite of services tailored to meet the diverse needs of its customers. Below is an overview of their key offerings:
1. Deposit Schemes:
Savings Accounts: Designed for individuals to save money with competitive interest rates.
- Current Accounts: Facilitates daily business transactions with no interest, ideal for businesses and professionals.
- Fixed Deposit Receipts (FDR): Allows customers to deposit a lump sum for a fixed period at attractive interest rates.
- Deposit Pension Scheme (DPS): Encourages regular monthly savings, culminating in a substantial amount after a specific term.
- Monthly Benefit Scheme: Provides regular monthly returns on a one-time deposit, suitable for individuals seeking steady income.
2. Loan Products:
- Personal Loans: Caters to individual financial needs such as education, medical expenses, or personal purchases.
- Home Loans: Finances the purchase or construction of residential properties with flexible terms.
- Car Loans: Assists in purchasing vehicles for personal or business use.
- Small and Medium Enterprise (SME) Loans: Supports SMEs with working capital and expansion financing.
- Agricultural Loans: Provides credit facilities to farmers for crop production, equipment purchase, and other agricultural activities.
3. Corporate Banking:
- Credit Facilities: Extends working capital loans, term loans, and project financing to businesses to support their operational and expansion activities.
- Trade Services: Facilitates import and export transactions through letters of credit (LCs), guarantees, and other trade-related services.
4. Islamic Banking:
Offers Shariah-compliant banking solutions, including Mudarabah savings accounts, Murabaha financing, and Ijarah services, ensuring adherence to Islamic principles.
5. Foreign Exchange and Remittance Services:
- Foreign Currency Accounts: Enables customers to maintain accounts in major foreign currencies.
- Remittance Services: Facilitates the inward and outward remittance of funds through a vast network of correspondent banks and partnerships with international money transfer organizations.
- Export and Import Financing: Provides trade finance solutions, including Letters of Credit (LCs) and Bills for Collection, to support international trade activities.
6. Digital Banking Services:
- Internet Banking: Allows customers to access their accounts online, perform fund transfers, pay utility bills, and manage finances remotely.
- Mobile Banking (Qpay Bangladesh): Enables banking transactions via mobile devices, including balance inquiries, fund transfers, mobile top-ups, and utility bill payments.
- ATM Services: Provides 24/7 access to cash withdrawals, balance inquiries, and mini statements through a wide network of ATMs.
7. Agent Banking:
Extends banking services to underserved and rural areas through authorized agents, offering account opening, deposits, withdrawals, and remittance services, thereby promoting financial inclusion.
8. Treasury and Investment Services:
- Treasury Operations: Manages liquidity, investments, and foreign exchange operations to optimize returns and manage risks.
- Investment Services: Offers investment opportunities through subsidiary companies like Rupali Investment Limited and Rupali Bank Securities Limited, providing brokerage and portfolio management services.
9. Specialized Services:
- University Admission Fee Collection: Facilitates the collection of admission fees for various universities, simplifying the payment process for students.
- Locker Services: Provides safe deposit lockers for customers to securely store valuables and important documents.
Utility Bill Payments: Enables payment of electricity, water, gas, and telephone bills through bank branches and digital channels.
Rupali Bank PLC is committed to delivering customer-centric services, leveraging technology and a wide branch network to meet the evolving needs of its clientele. For more detailed information on their services, you can visit their official website.
Contact
Rupali Bank PLC, Head Office: Rupali Bhaban, 34 Dilkusha C/A, Dhaka-1000, Bangladesh or contact any Branch/ Sub-Branch/ Agent Banking Outlet of the Bank
✆ Call Center: 16495, +880 96 14016495
Telephone: +88-02-9555094; +88-02-9551624-25, +88-02-9551525 (PABX)
Fax: +88-02-9564148, +88-02-9552671
Bank Code: 185
SWIFT Code: RUPBBDDH
Email: info@rupalibank.org
Website: www.rupalibank.com.bd
