This is an attractive monthly deposit scheme for different organizations.
Key Features:
- Tenure 3, 5, 8 & 10 years.
- Monthly Installment from TK. 5000/-, 10,000/-, 15,000/-, 20,000/-, 25,000/- & 50,000/-.
- Attractive Provisional profit rate.
- Installment fixed at opening the account. Once chose the installment/Tenure can’t rectify it further.
- Account can be operated by only organization.
- Deposited the installment at any branch/sub branch through the month around the country.
- 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.
- In case of early encashment, Profit calculation will be as below;
– Closed Before One Year – Only principal amount will be paid.
– Closed After one Year but before minimum tenure- Profit at Mudarabah Savings Rate.
– Closed After minimum tenure but before contract of maturity full Profit applied for minimum maturity period.
Note:
- Maturity value is subject to proper and regular payment of the prescribed monthly installments.
- Maturity Amount showed here is subject to income tax and/or other levies.
| Years / Monthly Installment | 3 Years | 5 Years | 8 Years | 10 Years | 12 Years | 15 Years | 20 Years | |
|---|---|---|---|---|---|---|---|---|
| 500 | 20,919 | 38,985 | 74,703 | 1,04,745 | 1,41,307 | 2,11,414 | 3,84,435 | |
| 1000 | 41,839 | 77,969 | 1,49,406 | 2,09,490 | 2,82,614 | 4,22,827 | 7,68,871 | |
| 2000 | 83,678 | 1,55,939 | 2,98,812 | 4,18,980 | 5,65,228 | 8,45,654 | 15,37,742 | |
| 2500 | 1,04,597 | 1,94,923 | 3,73,515 | 5,23,725 | 7,06,535 | 10,57,068 | 19,22,177 | |
| 5000 | 2,09,194 | 3,89,847 | 7,47,030 | 10,47,451 | 14,13,069 | 21,14,136 | 38,44,355 | |
| 10000 | 4,18,388 | 7,79,694 | 14,94,061 | 20,94,901 | 28,26,139 | 42,28,271 | 76.88.709 | |
| 15000 | 6.27.581 | 11,69,541 | 22,41,091 | 31,42,352 | 42,39,208 | 63,42,407 | 1,15,33,064 | |
| 20000 | 8,36,775 | 15,59,387 | 29,88,122 | 41,89,803 | 56,52,278 | 84,56,543 | 1,53,77,419 | |
| 25000 | 10,45,969 | 19,49,234 | 37,35,152 | 52,37,254 | 70,65,347 | 1,05,70,678 | 1,92,21,773 | |
Documents needed for availing the service:
Documents needed for Proprietorship
- One copy passport size photograph of the signatory.
- Photocopies of National ID/Passport of signatory.
- Up-to date Trade License, E.RC., I.R.C, TIN & VAT of the Firm (If applicable).
- Seal of the Firm & Visiting Card of the signatory(s) (If applicable).
- Membership Certificate of Trade Association, Chamber of Commerce and industry (If applicable).
- Tenancy Agreement copy (If applicable).
Documents needed for Partnership & Joint Venture
- Registered Partnership/Joint Venture Deed on non-judicial stamp of Tk. 2000/- & List of the Partners with Portfolio.
- Registered Partnership/Joint Venture Agreement (Notarized/Registered on Tk. 300/-).
Up-to date Trade License, E.RC., I.R.C, TIN & VAT of the Firm (If applicable).
- Resolution regarding operation of Bank account and signing of Bank`s charge document(s) with execution of Mortgage Deeds and other Bank`s papers and documents etc. as per Partnership Deed.
- Seal as per Resolution & Visiting & Card of the Signatory(s).
Membership Certificate of Trade Association, Chamber of Commerce and industry (If applicable).
- Tenancy Agreement copy in between the Firm and the Landlord (If applicable).
Documents needed for Limited Company:
- Certificate of incorporation.
- The certified copy of Memorandum and Articles of Association by Registrar of Join Stock Companies & Firms.
- Up-to date Trade License, E.RC., I.R.C, TIN & VAT of the Firm (If applicable).
- Board of Resolution regarding opening & operation of Bank Account and signing of Bank`s charge documents with execution of Mortgage Deeds and other Bank`s papers and documents etc. as per Memorandum and Articles of Association.
- Seal as per Resolution.
- Complete Bio-Data with passport size photographs of all the directors of the company duly singed by them.
- Certified Copy of Form No. XII & XX duly issued by the Registrar of Joint Stock Company duly singed by them.
- Updated E.RC., I.R.C, TIN & VAT of the Firm (If applicable).
- Membership Certificate of Chamber of Commerce, Trade Association, Stock Exchanges (If applicable).
- Tenancy Agreement copy in between the Firm and the Landlord (If applicable).
- List of the Directors with Complete present and permanent address with signature & telephone no`s, on Letter Head Pad of the Company.
- Certificate of Commencement of Business in cases of Public Ltd. Company.
Documents needed for School/College/Educational Institution.
- List of members of the Managing committee.
- Resolution of the Managing Committee regarding opening & operation of Bank Account with First Security Islami Bank PLC.
Documents needed for Club/Association/Society/Religious Institution.
- List of members of the Executive/Managing Committee/Office bearers (with address).
- Resolution of the Executive/Managing Committee regarding opening & operation of Bank account.
- Certified copy of Bye-Laws/Rules and Regulations/Constitutions.
Documents needed for Trustee.
- Attested copy of Trust Deed.
- Resolution of the Committee regarding opening & operation of Bank account. Head Office approval for opening Trust Account.
For details, please visit your nearest branch of FSIB.