MBL Kotipoti Monthly Savings Scheme

 “MBL Kotipoti Monthly Savings Scheme” is a long term monthly installment based deposit scheme with competitive interest rate.

Objectives:

  • Build up habit of midterm to long term savings
  • Opportunity to become Kotipoti after certain period

 

Type of Customers:

  • Individuals (single or jointly) are entitled for this product.
  • Citizen of Bangladesh
  • Minimum age 18 (Eighteen) years

Initial Deposit :

There are two options available for this scheme:

Interest Rate:

  • 7.00 percent simple interest
  • 7.23 percent effective interest

Tenors: 5/8/10/12/15/20 years

 

Monthly installment And payment after maturity:


Initial Deposit + Monthly Installment

Initial Deposit =  BDT 1 (One)  Lac

Installment

Period

Simple Interest Rate

Effective Interest Rate

Maturity Value

137,699

5 years

7.00%

7.23%

 

 

1,00,00,000.00

(Before Tax)

76,640

8 years

7.00%

7.23%

56,614

10 years

7.00%

7.23%

43,476

12 years

7.00%

7.23%

30,651

15 years

7.00%

7.23%

18,421

20 years

7.00%

7.23%

 

Initial Deposit = BDT 2 (Two)  Lac

Installment

Period

Simple Interest Rate

Effective Interest Rate

Maturity Value

135,718

5 years

7.00%

7.23%

 

 

1,00,00,000.00

(Before Tax)

75,277

8 years

7.00%

7.23%

55,453

10 years

7.00%

7.23%

42,448

12 years

7.00%

7.23%

29,752

15 years

7.00%

7.23%

17,646

20 years

7.00%

7.23%

 

Initial Deposit = BDT 5 (Five) Lac

Installment

Period

Simple Interest Rate

Effective Interest Rate

Maturity Value

129,778

5 years

7.00%

7.23%

 

 

1,00,00,000.00

(Before Tax)

71,187

8 years

7.00%

7.23%

51,970

10 years

7.00%

7.23%

39,363

12 years

7.00%

7.23%

27,055

15 years

7.00%

7.23%

15,320

20 years

7.00%

7.23%

 

Initial Deposit = BDT 10(Ten) Lac

Installment

Period

Simple Interest Rate

Effective Interest Rate

Maturity Value

119,877

5 years

7.00%

7.23%

 

 

1,00,00,000.00

(Before Tax)

64,370

8 years

7.00%

7.23%

46,164

10 years

7.00%

7.23%

34,221

12 years

7.00%

7.23%

22,561

15 years

7.00%

7.23%

11,444

20 years

7.00%

7.23%

Monthly Installment Only

No initial deposit

Installment

Period

Simple Interest Rate

Effective Interest Rate

Maturity Value

139,679

5 years

7.00%

7.23%

 

 

1,00,00,000.00

(Before Tax)

78,004

8 years

7.00%

7.23%

57,775

10 years

7.00%

7.23%

44,505

12 years

7.00%

7.23%

31,550

15 years

7.00%

7.23%

19,197

20 years

7.00%

7.23%

 

SOD Facilities : SOD Facilities up to 90%

Early Encashment :In case of Early encashment before 1 year, Interest will be applied at prevailing Savings Bank Account Rate. In other case i.e. more than 1 year, interest rate will be applied at prevailing 1 year Fixed Deposit Account Rate or at the rate of 7.00% whichever is lower. When applying yearly FDR rate, only the completed years will be taken into account.

Other Terms and Conditions: Similar to Masik Sanchaya Prokolpo (MSP)

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