The deceased were identified as Mohammad Babu, 35, son of Shahab Uddin, and Mohammad Manik, 32, son of Shafiqul Abbas of Pekua Upazila Sadar Union.
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A Chattogram-bound bus of a Saudia Paribahan and a pickup van collided head-on on Baraitali Road in Chakria Chandrabari Bazar area around 9am, said Mohammad Anisur Rahman, in-charge of Chiringa Highway Police Outpost.
Two passengers of the bus were killed on the spot and five others were injured.
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The injured are - Atul Barua, 22, Nishith Barua, 18, Helasing Marma, 24, Tafura Khatun, 70, and Mumtaz, 28. All of them are residents of Lama Upazila of Bandarban.
Anisur Rahman said the injured were taken to Chakaria Upazila Health Complex. Victims, whose condition deteriorated, have been sent to Chattogram Medical College Hospital.
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Police recovered the bodies and took them to the Chiringa Highway outpost. They also seized the vehicles.