Initial reports had indicated that 3 people died after some people jumped out of the burning building to save themselves.
The death toll may rise further as the search and rescue operation is still continuing.
A massive fire broke out in the six story building on Thursday evening which was brought under control by the Fire services department in the early hours of Friday.
Injured people were admitted to the Dhaka Medical College and Hospital (DMCH) and the US Bangla Medical College Hospital in Rupganj. The cause of the fire is not known yet.