“MBL Kotipoti Monthly Savings Scheme” is a long term monthly installment based deposit scheme with competitive interest rate.
Objectives:
Type of Customers:
Initial Deposit :
There are two options available for this scheme:
Interest Rate:
Tenors: 5/8/10/12/15/20 years
Monthly installment And payment after maturity:
Initial Deposit + Monthly Installment
Initial Deposit = BDT 1 (One) Lac |
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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 |
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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)
Currency Exchange Rate