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| 1.5 Times Benefit Deposit Scheme |
Under the ‘1.5 Times Benefit Deposit Scheme’ a deposit of minimum BDT 50,000.00 (fifty thousand) or its multiples will be received for a period of 4.2 years. On maturity , 1.5 times of the deposited amount will be paid back to the account holder as per example given below:
Example
Initial Deposit (BDT) |
50,000.00 |
1,00,000.00 |
5,00,000.00 |
Return after 4.2 years (BDT)
with benefits |
75,000.00 |
1,50,000.00 |
7,50,000.00 |
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Other Features
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All taxes/duty/levy and /or any other surcharges presently in force or that may be imposed by the Government of Bangladesh (GOB) from time to time will be deducted/ recovered from the deposit account under this scheme.
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In case of premature encashment interest will be paid on Saving A/C Rate. However, no interest shall be paid if premature encashment take place before expiry of 1 (one) year.
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In the event of death of the depositor before the maturity , the deposit account may be encased (premature) as per rule or may be continued up to maturity on written approach by the nominee(s).
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Loan may be granted up to maximum 80% of the deposited amount but minimum principle amount must be BDT 20,000.00.
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Loan processing fee be realized BDT 50.00 only and usual stamp costs also be realized.
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