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  6,289 12,577 18,866 25,155 31,443 37,732 44,021 50,310 56,598 62,887 125,774 188,661 251,548 314,435
 3 Years  21,075 42,150 63,225 84,301 105,376 126,451 147,526 168,601 189,676 210,751 421,503 632,254 843,005 1,053,757
 5 Years  39,556 79,112 118,668 158,224 197,781 237,337 276,893 316,449 356,005 395,561 791,122 1,186,684 1,582,245 1,977,806
 8 Years  76,904 153,807 230,711 307,614 384,518 461,421 538,325 615,228 692,132 769,035 1,538,070 2,307,105 3,076,141 3,845,176
 10 Years  112,041 224,082 336,122 448,163 560,204 672,245 784,285 896,326 1,008,367 1,120,408 2,240,816 3,361,223 4,481,631 5,602,039


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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