Any adult individual(s) can open this scheme in single or in joint names by depositing a certain sum of money for a certain period of time to get fixed amount of monthly income. The scheme holder(s) must have savings / current / SND account with the Bank to receive monthly income.

Features:

� Initial deposit amount is minimum Tk.1,00,000/- (Tk. One Lac) and multiples thereof; but not exceeding Tk.25,00,000/- (Tk. Twenty Five Lac).

� 1 year tenure.

� A non-transferrable instrument like 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 80% of deposit amount but condition applied.

� Auto-renewal is not allowed.

Tenure wise Interest Rate and gross monthly benefit:

Tenure	Interest Rate	Gross Monthly Benefit  per Lac Tk.
1 year	9.75%	Tk. 813

 

*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.

� 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.