MONTHLY PROFIT DEPOSIT


This is a new deposit scheme introduced by the Bank in 1998

The salient feature of the scheme are as under:
 
 1. Term

  5 years.

 2. Amount of deposit   Tk. 50,000 /= or its multiple i.e. Tk. 50,000 /=, Tk. 100,000 /=, Tk.
  150,000 /=,   etc. subject to a maximum limit of Tk. 5,00,000 /= in
  a single name and Tk.10,00,000 in a joint name.
 3. Amount of profit   @ 12% p.a. i.e. Tk. 500 /= per month against deposit of each single
  unit of Tk.50,000/=.
 4. Loan facility   Maximum 80 % of deposit at 15 % interest rate.