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| Double Benefit Deposit Scheme (DBDS) |
| Objectives |
Mode |
- Give maximum benefit.
- Help in meeting specific needs like education, marriage etc.
- Deposit becomes double in 5.5 years.
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- Tenure of the deposit is 5.5 years.
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| Amount of Deposit |
Period |
Amount Payable |
| 1,00,000 |
5.5 Years |
2,00,000 |
Other Features
- Minimum Deposit amount will be BDT 10,000/- or its multiples thereof.
- Interest Rate will be equivalent to 12.75% p.a. with monthly rest.
- Effective Interest Rate will be 13.52% p.a.
- The benefit will be equal to the deposited amount after 5.50 years i.e. 5years 06 months.
- All sorts of Govt. Tax will be borne by the customer.
- Customer will be entitled to 10% simple interest for any pre-mature encashment more than 01 year but less than 03 years.
- Customer will be entitled to 11% simple interest for any pre-mature encashment more than 03 years.
- No interest will be rewarded for pre-mature encashment before 01 year.
- Bank will deduct a nominal amount @ 1.00% on payable amount in case of premature encashment as Bank charge.
- Any number of accounts can be opened having same titlte of the accounts.
- A separate sheet containing terms and condition of this scheme deposit is attached herewith for keeping the same with Account Opening Form after having duly signed from the customer.
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