Any individual or corporate body can open Special Notice Deposit Account, which is an interest bearing deposit account, for a short period of time. However, 7 days of notice is required if the customer wishes to withdraw money from this account.
Interest rate on SND accounts will be varied based on the amount and not on the customer or tenure.
|
Slab |
Less than BDT 1 crore |
1 crore to less than 25 crore |
25 crore to less than 50 crore |
50 crore to less than 100 crore |
100 crore and above |
|
Rate |
1.00% |
1.25% |
1.50% |
2.00% |
3.00% |
Currency Exchange Rate