|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: || |
|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.|