It is an attractive deposit scheme for those who are interested to get high profit rate at a time fixed amount and with installment.
Key Features:
- Initial Fixed Deposit Tk. 50,000/- & Monthly Installment Tk. 2,000/-, Initial Fixed Deposit Tk. 1,00,000/- & Monthly Installment Tk. 3,000/-, Initial Fixed Deposit Tk. 2,00,000/- & Monthly Installment Tk. 5,000/-.
- Tenure: 3 Years.
- 10.00% Profit rate.
- Installment fixed by choosing the installment & Fixed amount. Once chose the installment & Fixed amount can’t rectify it further.
- Installment deposited facility by others savings account standing instruction in free of cost.
- Facility for depositing due installment the penalty is 25 tk and more.
- 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 Maturity- Profit at Mudarabah Savings Rate.
| Monthly Installmenl |
Initial Fixed Amount | Principal Amount | Total Payable (Approx.) with Profit |
|---|---|---|---|
|
2000
|
50,000 | 1,22,000 |
1,50,068
|
|
3000
|
1,00,000 | 2,08,000 |
2,58,297
|
|
5000
|
2,00.000 | 3,80,000 |
4,74,756
|
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.
Documents needed for availing the service:
- One copy passport size photograph of the applicant.
- One copy passport size photograph of the nominee (photograph to be attested by the applicant).
- Photocopies of National ID/Passport of both applicant and nominee.
- TIN Certificate (if applicable).
Eligibility:
- Minimum Age: 18 years.
- Citizen of Bangladesh.
For details, please visit your nearest branch of FSIB.