Masik Sanchaya Prokolpo (MSP)

Objectives

  • Build up habit of savings.
  • Attract small savers.
  • Saving for rainy days.

Mode

  • Monthly installement sizes are 500,1000,1500,2000,2500,3000,3500,4000,4500,5000 and in multiples of 5000 up to BDT 25000. 

 

Installment Size 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 10000 15000 20000 25000
Tenure  
 1 year  6,273 12,546 18,819 25,092 31,365 37,638 43,911 50,184 56,457 62,730 125,459 188,189 250,918 313,648
 3 Years  20,920 41,841 62,761 83,682 104,602 125,523 146,443 167,363 188,284 209,204 418,409 627,613 836,817 1,046,022
 5 Years  39,073 78,146 117,219 156,293 195,366 234,439 273,512 312,585 351,658 390,731 781,463 1,172,194 1,562,925 1,953,656
 8 Years  75,324 150,647 225,971 301,294 376,618 451,941 527,265 602,589 677,912 753,236 1,506,472 2,259,707 3,012,943 3,766,179
 10 Years  109,108 218,216 327,324 436,432 545,540 654,648 763,756 872,864 981,972 1,091,080 2,182,160 3,273,240 4,364,321 5,455,401

 

Other Features

  • Loan may be granted up to maximum 80% of the deposited amount.
  • The bank may at any time change, add, or amend any of the terms of this scheme, and the account holder has to accept such changes.  .
  • 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 pre-mature encashment before 03 years, interest will be paid on Savings Account Rate. But in case of early encashment before 05 or 08 or 10 years the depositor will get full benefit up to previous slab and Savings Account Rate for each subsequent year; no interest will be paid for fraction year.
  • Upon deposit of installment for at least 01 year (minimum deposit amount must be BDT 12,000.00) under this scheme, loan may be granted up to maximum 82% of the deposited amount.
  • Loan processing fee be realized BDT 50.00 only and stamp costs also be realized.
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