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  38,829 77,658 116,487 155,316 194,145 232,975 271,804 310,633 349,462 388,291 776,582 1,164,873 1,553,164 1,941,455
 8 Years  73,800 147,600 221,400 295,199 368,999 442,799 516,599 590,399 664,199 737,999 1,475,997 2,213,996 2,951,994 3,689,993
 10 Years  104,789 209,579 314,368 419,157 523,947 628,736 733,525 838,315 943,104 1,047,894 2,095,787 3,143,681 4,191,574 5,239,468

 

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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