Alo – Mudarabah Education Deposit Scheme

Help your junior develop a saving habit.
Key Features:
  • Special Deposit Scheme for the parents of Students.
  • Monthly Installment: 100/- to 30,000/-
  • Tenure: 3, 5, 8, 10, 12, 15, 20 Years.
  • Attractive profit rate.
  • Deposit the installment at any branch through the month around the country.
  • Installment fixed at opening the account. Once chose the installment/Tenure can’t rectify it further.
  • Facility for depositing the installment in advance but have to pay penalty for due installment (up to BDT 5000, the penalty is 25 tk and more BDT 5000, penalty is 50tk).
  • If any customer failed to pay the installment for consecutive three (3) months, the account will be closed automatically.
  • Investment facility against the deposited amount.
  • In case of early encashment, Profit calculation will be as below;
    • – Closed before one year – no profit will be provided.
    • – Closed after one year but before maturity- profit at savings rate.
Years / Monthly Installment 3 Years 5 Years 8 Years 10 Years 12 Years 15 Years 20 Years
100 4,017 7,197 12,857 17,317 22,415 31,446 51,075
250 10,044 17,993 32,141 43,293 56,037 78,616 1,27,689
500 20,087 35,985 64,283 86,586 1,12,074 1,57,232 2,55,377
1000 40,175 71,971 1,28,565 1,73,171 2,24,147 3,14,465 5,10,755
1500 60,262 1,07,956 1,92,848 2,59,757 For MMDS
2000 80,350 1,43,942 2,57,130 3,46,342 4,48,294 6,28,930 10,21,509
2500 1,00,437 1,79,927 3,21,413 4,32,928 5,60,368 7,86,162 12,76,887
5000 2,00,874 3,59,855 6,42,826 8,65,855 11,20,736 15,72,324 25,53,774
10000 4,01,748 7,19,709 12,85,652 17,31,710 22,41,472 31,44,648 51.07.547
15000 6.02.622 10,79,564 19,28,479 25,97,566 33,62,207 47,16,972 76,61,321
20000 8,03,495 14,39,418 25,71,305 34,63,421 44,82,943 62,89,296 1,02,15,095
25000 10,04,369 17,99,273 32,14,131 43,29,276 56,03,679 78,61,620 1,27,68,369
30000 12,05,243 21,59,127 38,56,957 51,95,131 67,24,415 94,33,943 1,53,22,642 Shawdesh
Documents needed for opening account:
  1. One copy passport size photograph of the applicant.
  2. One copy passport size photograph of the nominee (photograph to be attested by the applicant).
  3. Photocopies of National ID Card/Passport/Driving License of both applicant and nominee.
  4. TIN Certificate (if applicable).
Eligibility:
  • Minimum Age: 18 years.
  • Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.

Click Here to Find your Nearest Branch

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