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.50,00,000/- (Tk. Fifty Lac).
� 1 year, 2 years & 3 years 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 | 6.72% | Tk. 560 |
2 years | 6.96% | Tk. 580 |
3 years | 7.20% | Tk. 600 |
*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.
Tenure | Currency | Slab Wise Rate | Effective Date |
---|---|---|---|
1 year | BDT | 6.72% (Gross Monthly Benefit per Lac Tk. 560) | Dec 17, 2021 |
2 years | BDT | 6.96% (Gross Monthly Benefit per Lac Tk. 580) | Dec 17, 2021 |
3 years | BDT | 7.20% (Gross Monthly Benefit per Lac Tk. 600) | Dec 17, 2021 |