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
Other Features
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.
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.
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).
Loan may be granted up to maximum 80% of the deposited amount but minimum principle amount must be BDT 20,000.00.
Loan processing fee be realized BDT 50.00 only and usual stamp costs also be realized.
