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

8.00%

 3 Years

9.11%

 5 Years

9.34%

 8 Years

9.57%

 10 Years

9.80%

 

Installment Size 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 10000 15000 20000 25000
Tenure  
 1 year  6,266 12,533 18,799 25,066 31,332 37,599 43,865 50,132 56,398 62,665 125,329 187,994 250,659 313,323
 3 Years  20,767 41,534 62,301 83,069 103,836 124,603 145,370 166,137 186,904 207,671 415,343 623,014 830,685 1,038,357
 5 Years  38,347 76,693 115,040 153,387 191,733 230,080 268,427 306,773 345,120 383,467 766,934 1,150,401 1,533,867 1,917,334
 8 Years  72,281 144,562 216,844 289,125 361,406 433,687 505,969 578,250 650,531 722,812 1,445,625 2,168,437 2,891,250 3,614,062
 10 Years  102,084 204,169 306,253 408,338 510,422 612,507 714,591 816,676 918,760 1,020,845 2,041,689 3,062,534 4,083,378 5,104,223

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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