Dutch-Bangla Bank pioneered Mobile Banking in Bangladesh. It was the first bank to offer banking facilities through a wide range of mobile phones. Rocket is a Banking process without bank branch which provides financial services to unbanked communities efficiently and at an affordable cost. To provide banking and financial services, such as cash-in, cash-out, merchant payment, utility payment, salary disbursement, foreign remittance, government allowance disbursement, ATM money withdrawal through mobile technology devices, i.e. Mobile Phone, is called Rocket.
Dutch-Bangla Bank Limited, a technology savvy commercial bank in Bangladesh, started Rocket on 31 March, 2011. Dutch-Bangla Bank has followed a unique model for deployment of the Mobile Banking in Bangladesh. Dutch-Bangla Bank Rocket model has the following characteristics:
| Products | ||||
|---|---|---|---|---|
| Service | General Consumer Product | Salary and Stipend Product | ||
| Cash-in at Agent | Free | 0.9% of TXN Amt | ||
| Cash-in at DBBL branches / Fast Track | Free | TK. 10 per Txn | ||
| Cash-out at Agent | 1.8% of Txn Amt | 0.9% of TXN Amt | ||
| Cash-out at DBBL branches | 0.9% of Txn Amt | TK. 10 per Txn | ||
| Cash-out at ATM | 0.9% of Txn Amt | Free | ||
| P2P | For Apps Free For USSD (*322#) TK. 5 per Txn (Except General Consumer Product to Salary & Stipend Product charge 0.9% on Txn Amt in USSD & Apps) |
For Apps Free For USSD (*322#) TK. 5 per Txn |
||
| CBS to MBS Transfer | Free | Free | ||
| MBS to CBS/Card transfer | 1.8% of Txn Amt | 0.9% of Txn Amt | ||
| Top-up | Free | Free | ||
| Balance Enquiry | Free | Free | ||
| Statement Enquiry | Tk. 3 | Tk. 3 | ||
| Bills Pay | Tk.2 to Tk.20 or 1% | Tk.2 to Tk.20 or 1% | ||
| Merchant Payment (payable by merchant) | Up to 1% | Up to 1% | ||
| Merchant Payment (payable by customer) | Free | Free | ||
| Collection (B2B) payable by Sender/Receiver | 0.20 to 0.45 % of txn amount | 0.20 to 0.45 % of txn amount | ||
| Disbursement like salary, Grant, stipend etc (payable by Corporate/enterprise) | NA | Free | ||
*Subject to changes time to time
Dutch-Bangla Bank started operation is Bangladesh's first joint venture bank. The bank was an effort by local shareholders spearheaded by M Sahabuddin Ahmed (founder chairman) and the Dutch company FMO. From the onset, the focus of the bank has been financing high-growth manufacturing industries in Bangladesh. The rationale being that the manufacturing sector exports Bangladeshi products worldwide. Thereby financing and concentrating on this sector allows Bangladesh to achieve the desired growth. Dutch Bangla Bank other focus is Corporate Social Responsibility (CSR). Even though CSR is now a cliche, Dutch Bangla Bank is the pioneer in this sector and termed the contribution simply as 'social responsibility'. Due to its investment in this sector, Dutch Bangla Bank has become one of the largest donors and the largest bank donor in Bangladesh. The bank has won numerous international awards because of its unique approach as a socially conscious bank. Dutch Bangla Bank was the first bank in Bangladesh to be fully automated.