It is a monthly installment basis deposit scheme having tenure from 1 or 5 years dedicated to senior citizen. At the end of maturity, customer will get the total deposited amount with applicable interest. Monthly installment should be paid within the last day of each month to keep the scheme regular.
• Senior citizen(s); i.e. 60 years and above citizen in single and joint names.
• Monthly installment size is minimum Tk.500/- (Tk. Five Hundred) or multiples thereof; but not exceeding Tk.20,000/- (Tk. Twenty Thousand).
• Taxes and duties will be applied as per govt. rule.
• Premature encashment includes immediate earlier maturity value.
• Loan facility available up to 80% of deposit amount but condition applied.
Tenure wise Interest Rate:
• 6.75% to 7.75% p.a.
• The interest will be calculated on yearly compounding method.
*Interest rate is subject to change from time to time as per schedule of interest rate on deposit.
Required Information & Documents:
• Duly filled up Account Opening Form.
• Present and Permanent Address.
• 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.