|
| Retail Banking » Term Deposits » Monthly Profit Based Fixed Deposit |
|
|
|
| Monthly Profit Based Fixed Deposit (MFD) |
|
| Customer Eligibility |
|
 |
Adult Individual |
|
|
| Account Opening Procedure |
|
|
Prescribed application form |
|
|
Photograph of Account holder is required |
|
|
Photograph of the nominee(s) is/are required |
|
|
Specimen Signature required |
|
|
| Introducer |
|
|
May not be required |
|
|
| Joint Account Concept |
|
|
Joint Account allowed |
|
|
| Term (Period) |
|
|
5 (five) years |
|
|
| Interest Rate |
|
|
At present 6.25%. Interest rate may change time to time. |
|
|
Source Tax & Excise duty to be deducted from the interest amount as per rule. |
|
|
|
| Principal withdrawal |
|
|
On maturity |
|
|
| Interest withdrawal |
|
|
Monthly basis to be transferred to SB A/C of the depositor. |
|
|
| Premature Encashment |
|
|
Before 3 months: No interest and no penalty. |
|
|
After 3 months: Interest to be paid for 3 months on applicable rate but no interest for remaining days. |
|
|
After 6 months: Interest to be paid for 6 months on applicable rate but no interest for remaining days. |
|
|
After 12 months: Interest to be paid for 12 months on applicable rate but no interest for remaining days. |
|
|
After 24 months: Interest to be paid for 24 months on applicable rate but no interest for remaining period. |
|
|
Excess interest, if paid earlier, to be recovered. |
|
|
| For any query please Contact at: Tel: (PABX) 02223381614 FAX: 880-2-9564009 or e-mail us at [email protected] |
|
|
.;l |
|
| Foreign Currency Rates |
|
|
| Currency |
Buying |
Selling |
|
| USD |
119.00 |
120.00 |
|
| EURO |
125.45 |
134.80 |
|
| GBP |
147.95 |
160.80 |
|
|
|
|
| News & Events |
|
|
|
|
|
|
| All News |
|
|
|
