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Saturday, July 31, 2010  
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Quarterly Benefit Deposit Scheme
The 'Quarterly Benefit Deposit Scheme' will be maintained for a period of 3 (three) years and the minimum amount of deposit is BDT 50,000.00 (fifty thousand) or its multiples.Interest will be paid on quarterly basis as per example given below.On maturity the principal amount will be paid back.

Example

Initial Deposit (BDT)
Term
Quarterly Benefit Payable (BDT)
50,000
3 Years
1,200
100,000
3 Years
2,400
200,000
3 Years
3,600
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.
  • Loan may be granted up to maximum 80% of the forced encashment value on the date of loan processing. During the period of continuation of loan, quarterly benefits will be credited only to loan account.
  • Loan processing fee be realized BDT 50.00 only and usual stamp costs also be realized.

 


 
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