Mercantile Bank Limited

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MBL Bonus Sanchay Hishab

(You worked for your money, but let your saved/ ideal money work for you)

'এমবিএল বোনাস সঞ্চয় হিসাব' is a local currency transactional accounts that customer uses for interest-earning and savings purpose. It is a tier based savings deposit account that provides an opportunity to the customers to earn more interest for increasing his/her savings.

Mode of Product:

	Deposit an amount of money for a saving.

	Depositor will get interest in each month based on his/her minimum deposit amounts.

Main Features:

Bangladeshi Customers (single or jointly) are entitled for this product. It can be opened in the name of Institutions or non-profit organizations, Clubs, Societies, Associations and similar organizations.

Customers can enjoy the maximum interest on their savings.

Initial Deposit amount would be BDT 1,000.00

Customers will be rewarded with more interest rate than regular savings interest rate as per following slabs-

Minimum Balance BDT 10,000.00	Simple interest rate is equal to the interest rate of regular Savings Bank (SB) account.
Minimum Balance BDT 50,000.00	Simple interest rate is 0.50% higher than the interest rate of regular Savings Bank (SB) account.
Minimum Balance BDT 100,000.00	Simple interest rate is 1.00% higher than the interest rate of regular Savings Bank (SB) account.

Effective Interest Rate will be more than simple interest rate as it compounded monthly.

Interest calculated based on monthly minimum Balance.

Interest amount will be credited to customer's account on monthly basis.

Debit Card is mandatory for this account.


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