BASIC Bank Limited. Serving people for progress
Fixed Term Deposit


BASIC Bank offers fixed term deposit to boost up customers savings in time. One can deposit a lump sum of money for a fixed period to get attractive rate of return.

Features:

A non-transferrable instrument (FDR) to be issued in favor of account holder.

Taxes and duties will be applied as per govt. rule.

Premature encashment will be allowed but conditions applied.

Loan facility available up to 90% of deposit amount but conditions applied.

Fixed Term Deposit can be opened in the name of:

Individual (Single).

Two or more Individuals (Joint)

Sole Proprietorship Concern.

Partnership Concern (Firm).

Limited Companies (both Public and Private).

Society / Club / Association / Local Bodies / Govt./Semi Govt. Organization, etc.

Tenure wise Interest Rate:

Tenure Rate of interest
01 month 4.50%
03 months 5.50%
06 months 5.75%
12 months 6.00%
24 months 6.00%

*Interest rate is subject to change from time to time.
Required Information & Documents:

Duly filled up Account Opening Form.

NID/ Birth Certificate/ Valid Passport

TIN (if any).

Two copies of recent passport size Photographs of account holder duly attested by the Introducer.

One copy of Passport Size Photograph of Nominee duly attested by the Account Holder.

For opening of FDR accounts for joint stock companies, associations and clubs etc.:

Copy of Registration or Incorporation certificate (in case of company or registered organization)

Copy of certificate of commencement (only for public limited company).

Copy of Memorandum and Articles of Association (in case of limited company)

Copy of Constitution and By-law (in case of association)

Copy of minutes of board of directors / managing committee / governing body meeting for account management Certified copy of the names of directors / officials and their signatures

Declaration.


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