| Deposit Amount |
In multiples of Tk.50,000.00 (Taka Fifty Thousand Only). |
| Initial Deposit Date |
Any day of the month. |
| Interest Due |
One month after the initial deposit date, the interest will be credited to the savings/current account. |
| Tenure |
5 Years |
| Monthly Income on Tk.1,00,000 |
Tk.800.00 (Taka Eight Hundred Only) before deduction of 10% Income Tax.
Tk.720.00 (Taka Seven Hundred Twenty Only) AFTER deduction of tax @10%
Tax will be deducted before the amount is credited to the savings/current account. |
| Rate of Interest |
8% (simple) |
| Savings Account |
Clients must have or open a savings/current account through which initial deposit will be collected.
The monthly interest accrued on the deposit will be disbursed to the client through this savings/current account. |
| Interest Payout Mode |
Interest payout mode should be transfer to savings/current account. |
| Interest Payout Frequency |
Interest Payout Frequency should be monthly. |
| Auto Closure of Account |
The account will immediately cease to operate in case of death of the depositor. |
