It is a monthly installment basis deposit scheme for a shorter period of time; i.e. for 6 months, 1 year, 1.5 years, 2 years or 2.5 years term only. At the end of maturity, customer will get the total deposited amount with applicable interest benefit. Monthly installment should be paid within the last day of each month to keep the account regular.

Features:

• Any citizen of Bangladesh can open this account in the name of an individual only.

• Monthly installment size is minimum Tk. 2,000/- (Tk. Two Thousand) or multiples thereof; but not exceeding Tk.50,000/- (Fifty Thousand).

• Taxes and duties will be applied as per govt. rule.

• Premature encashment will be allowed but conditions applied.

• Loan facility available but condition applied.

Interest Rate:

• Interest rate will be 7.50% p.a. irrespective of tenure in half-yearly compounding method.

*Interest rate is subject to change from time to time as per schedule of interest rate on deposit.

Required Information & Documents:

• Duly filled up Account Opening Form.

• NID/ Birth Certificate/ Valid Passport

• TIN (if any).

• Two copies of recent passport size Photographs of account holder duly attested by the Introducer.

• One copy of Passport Size Photograph of Nominee duly attested by the Account Holder.

• In case of minor account holder, one copy of Passport Size Photograph of Nominee duly attested by the legal guardian of account holder.