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. 
     

 

Tenure

Simple Interest Rate

 1 year

7.49%

 3 Years

7.72%

 5 Years

7.95%

 8 Years

8.19%

 10 Years

8.42%

 

Installment 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 10000 15000 20000 25000
Tenure      
1 Year 6,249 12,498 18,747 24,996 31,245 37,495 43,744 49,993 56,242 62,491 124,982 187,473 249,963 312,454
3 Year 20,312 40,625 60,937 81,249 101,561 121,874 142,186 162,498 182,810 203,123 406,245 609,368 812,491 1,015,614
5 Year 36,934 73,867 110,801 147,735 184,668 221,602 258,536 295,469 332,403 369,337 738,673 1,108,010 1,477,346 1,846,683
8 Year 67,951 135,902 203,854 271,805 339,756 407,707 475,659 543,610 611,561 679,512 1,359,024 2,038,537 2,718,049 3,397,561
10 Year 94,305 188,610 282,915 377,219 471,524 565,829 660,134 754,439 848,744 943,048 1,886,097 2,829,145 3,772,194 4,715,242

 

 

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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