Unlike CD, SND and SB account, Branch shall accept deposit of fixed amount of money from the customers for a fixed period of time with interest under the term plan time to time. FDR is neither Transferable nor Negotiable and as such payment against this instrument with interest shall normally be made to the depositor on maturity. Payment against FDR can also be made to nominee or assignee after observing essential formalities.
Fixed Deposit Account can be opened in the name of:
• Individual (Single).
• Two or more persons (joint).
• Sole Proprietorship Concern.
• Partnership Concern (Firm).
• Limited Companies (both Public and Private).
• Society / Club / Association / Local Bodies / Govt. / Semi Govt. Organization, etc.
| Opening of Fixed Deposit A/C |
Any Bangladeshi National (Adult, sound-minded having bonafide income) and institutions / organizations incorporated and operating in Bangladesh who are not adjudicated as insolvent by any Court of Law of the land can open Fixed Deposits Account for fixed tenure with any amount but not less than BDT 10,000 (Ten thousand). |
| FDR Rates |
Deposited Amount (Tk) |
Interest Rate for Any Tenure |
| |
Any Amount |
12.50% |
|
|
|
For a list of Required Documents, Please Click HERE. |
