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Retail Banking » Recurring Deposits » Peoples Pubali Pension Scheme (PPPS)
Peoples Pubali Pension Scheme (PPPS)
Objective
To provide Bangladeshi citizens with a comprehensive retirement benefit that can ensure their financial security after their active working years. The product will be known as the Peoples Pubali Pension Scheme (সার্বজনীন পূবালী পেনশন স্কীম).
Key Features:
Any Bangladeshi individual aged between 18 to 59 can open this scheme
The scheme will be matured when the applicant's age will be 60. However, applicant can continue the scheme after aged 60 years as he/she desires.
The applicant can withdraw the full amount after the maturity of the scheme
Pre-mature encashment is allowed
Partial Encashment (on maturity) is allowed
Account can be opened with minimum initial deposit of Tk.100/= and its multiples
Account holder will have option to deposit as many times as he/she desires.
Interest will be paid 6 Months FDR rate (prevailing FDR rate) plus 1% p.a. on daily product basis to be compounded monthly.
Allowed to open more than one PPPS Account at different branches of the Bank
Loan facility up to 90% of the deposited amount
Online transaction facilities through the largest online network
PI banking facility (app. based digital banking)
Transaction notification through SMS
No Account Maintenance Fee, Online Charge, and SMS Charge will be recovered from the account.
Govt. taxes, VAT etc. will be applicable as per Govt. directives.
Eligibility for Account Opening:
The account can be opened by any Bangladeshi citizens having no dual citizenship. Customers have to fill up the form physically or virtually. Photographs and necessary papers such as National ID/Passport etc. will be required to prove identity. This scheme A/c can be opened using e-KYC through PI banking, besides the applicant can open the account directly by visiting the nearest branch/sub-branch.
Joint Account Concept
The account can be opened by any Bangladeshi citizens having no dual citizenship. Customers have to fill up the form physically or virtually. Photographs and necessary papers such as National ID/Passport etc. will be required to prove identity. This scheme A/c can be opened using e-KYC through PI banking, besides the applicant can open the account directly by visiting the nearest branch/sub-branch.
Age Limit:
The age limit for individuals has to be between 18 years to 59 years and account will be matured at the 60 years of the applicant
Nominee:
Applicant must select one or more nominee at the time of opening of PPPS account and it can be changed by the account holder. In case of death of the account holder before maturity, account will be closed and nominee will get full amount as per pre-mature encashment rules. If the nominee dies, the total balance with interest will be paid to legal heirs of account holder.
Deposit Date
10th-17th of the month
Interest Rate and Interest Calculation:
Interest will be paid 6 Months FDR rate (prevailing FDR rate) plus 1% p.a. on daily Product basis to be compounded monthly.
Interest rate may be changed from time to time as per the Management decision.
Deposit:
Account holder can deposit any amount of money (Tk.100 and its multiples) as often as he or she wishes. All existing methods of deposit of money/fund for regular savings accounts are also applicable for PPPS accounts. One can even give a standing instruction to transfer/make payment of the installment from his savings account/current account maintained with the bank. The deposit can be made also through PI banking. Deposit is not allowed after the maturity of the scheme (i.e. after 60 years).
Withdrawal
No withdrawal is allowed before maturity. Customers can withdraw by the process of encashment/partial encashment after the maturity of the scheme.
Encashment:
The scheme will be matured when the account holder’s age will be 60 years. Account holder can withdraw full amount after maturity. However, applicant can continue the scheme after aged 60 years as he/she desires. Customer has to be physically present at branch for encashment the scheme.
Partial Encashment:
Partial Encashment is allowed but it must be after maturity. Partial encashment can be done through one-time or frequent withdrawals. Customers will be provided with Cheque book/debit card after maturity of the scheme for cash withdrawal. Deposit is not allowed in this account for the extended period. Interest rate and terms and conditions will be same as the usual PPPS account at the extended period of the scheme.
Premature Encashment:
Normally no withdrawal shall be allowed before maturity, if any depositor intends to withdraw his/her deposit due to certain unavoidable reasons then Premature encashment is allowed subject to the following interest rate:
a) Before 1 year No interest is to be paid.
b) After 1 year but before maturity 6 Months FDR rate (prevailing FDR rate) minus 1% p.a.
Govt. Taxes & Duties:
Source Tax and Excise duty is applicable as per Govt. rules
Charges & fees:
Account Maintenance Fee, Online Charge, SMS charge will not be realized from the account.
Loan Facility:
Period of deposit account must be at least 6 Months
Minimum balance of the account is required Tk.50,000/- (Taka Fifty Thousand) to avail loan facility
Loan Limit: upto 90% of total Deposited Amount
Loan Type: Demand Loan/Overdraft
Loan Period: 1 year (Renewable)
Interest Rate (%): PPPS rate + 2% (may be changed time to time as per ALCO decision)
Mode of repayment: Monthly installment or lump sum amount at a time within the validity period.
Foreign Currency Rates
Currency Buying Selling
USD 115.50 116.00
EURO 126.00 135.00
GBP 146.00 154.50
News & Events

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Date: 10 December,2023
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Date: 12 December,2023
Pubali Bank PLC signs MoU with Air Astra.

 

Date: 01 November,2023
Pubali Bank PLC holds Managers' Conference-2023 of Chattogram Region.

 

Date: 10 September,2023
Pubali Bank Limited celebrates 1400th Board Meeting.

 

Date: 21 August,2023
Press Release.

 

Date: 23 July,2023
Press Release.

 

Date: 20 June,2023
Press Release.

 

Date: 11 July,2023
Pubali Bank Ltd. signs agreement with Bangladesh Rural Electrification Board.

 

Date: 19 June,2023
Pubali Bank Ltd. signs MoU with Bproperty.

 

Date: 08 June,2023
Pubali Bank Ltd. signs Agreement with Dutch-Bangla Bank Ltd.

 

Date: 08 June,2023
Monzurur Rahman Re-elected Chairman of Pubali Bank Ltd.

 

Date: 08 June,2023
Pubali Bank Ltd. holds 40th Annual General Meeting (AGM).

 

Date: 19 February,2023
MD & CEO sir's speech about 4IR in the Financial Express.

 

Date: 11 February,2023
Pubali Bank Ltd. holds 'Annual Managers' Conference-2023'.

 

Date: 29 January,2023
Pubali Bank Ltd. holds Managers' Conference.

 

Date: 24 January,2023
Pubali Bank Ltd. gets Remittance Award by the Centre for NRB.

 

Date: 21 January,2023
Press Release.

 

Date: 16 January,2023
Pubali Bank Ltd. donates Tk. 04(Four) Crore to Home Construction Project of Prime Minister.

 

Date: 08 January,2023
Pubali Bank Ltd. signed agreement with Bangladesh Bank.

 

Date: 13 November,2022
Pubali Bank Ltd. signs MoU with ICAB.

 

Date: 16 November,2022
Pubali Bank Ltd. inaugurates Zinzira Sub-branch.

 

Date: 20 October,2022
Pubali Bank Ltd. inaugurates Boro Moghbazar Sub-branch.

 

Date: 17 September,2022
Pubali Bank Ltd. holds Managers' Conference.

 

Date: 23 August,2022
Pubali Bank Ltd. signs MoU with Yashoda Hospitals, Hyderabad of India.

 

Date: 31 May,2022
Monzurur Rahman Re-elected Chairman of Pubali Bank Ltd.

 

Date: 31 May,2022
Pubali Bank Ltd. holds 39th Annual General Meeting (AGM)

 

Date: 05 January,2022
Press Release

 

Date: 02 January,2022
Pubali Bank Ltd. gets ICMAB Best Corporate Award

 

Date: 08 December, 2021
Press Release.

 

Date: 09 December, 2021
Press Release.

 

Date: 19 December, 2021
Press Release.

 

Date: 24 November,2021
Pubali Bank Limited inaugurates transaction service with bkash

 

Date: 31 October,2021
Pubali Bank Ltd. donated blankets to Prime Ministers Relief fund

 

Date: 23 September,2021
Pubali Bank Ltd. signs Agreement with Bangladesh Bank

 

Date: 06 September,2021
Pubali Bank Ltd. inaugurates ATM Booth at Kishoreganj

 

Date: 17 August,2021
Condolence.

 

Date: 03 August,2021
Pubali Bank Ltd. holds countrywide 3rd Virtual Conference 2021.

 

Date: 06 July,2021
Article published on Prothom Alo News paper on 05.07.2021 written by our Honorable Managing Director & CEO, Safiul Alam Khan Chowdhury,Pubali Bank Ltd.

 

Date: 27 June,2021
Pubali Bank Ltd. inaugurates ATM Booth at traditional Sadarghat Launch Terminal, Dhaka.

 

Date: 03 June,2021
Monzurur Rahman Re-elected Chairman of Pubali Bank Ltd.

 

Date: 03 June,2021
Pubali Bank Ltd. holds 38th Annual General Meeting (AGM).

 

Date: 18 April,2021
03 (Three) new DMDs in Pubali Bank Ltd.

 

Date: 12 April,2021
Safiul Alam Khan Chowdhury, Managing Director of Pubali Bank Ltd.

 

Date: 05 April,2021
Pubali Bank Ltd. holds 1st Managers Conference-2021 of Mymensingh Region.

 

Date: 17 January,2021
Pubali Bank Ltd. awarded by Dhaka WASA.

 

Date: 11 November 2020
M. Azizul Haq, present Independent Director and Chairman of the Audit Committee & former Chairman of the Board of Directors of Pubali Bank Limited, passed away.

 

Date: 09 August 2020
Pubali Bank Ltd. donated a Bus to Bangabandhu Sheikh Mujib Medical University (BSMMU).

 

Date: 04 August 2020
Press Release.

 

Date: 30 July 2020
Monzurur Rahman elected Chairman of Pubali Bank Ltd.

 

Date: 30 July 2020
Pubali Bank Ltd. holds 37th Annual General Meeting (AGM).

 

Date: 21 July 2020
Pubali Bank Ltd. holds 2nd Conference-2020(Virtual) of Regional and Corporate Branch Managers.

 

Date: 07 July 2020
Pubali Bank Ltd. holds countrywide online conference with all branch managers participation

 

Date: 30 June 2020
Mohammad Ali new Additional Managing Director of Pubali Bank Ltd

 

Date: 11 February 2020
Pubali Bank Ltd. holds 1st Managers Conference-2020 of Moulvibazar Region

 

Date: 27 January 2020
"Dhaka Angel Lions Club" distributed cloths among cold stricken people

 

Date: 24 December 2019
Pubali Bank Limited inaugurates 480th branch at Sonargaon Janapath, Uttara

 

Date: 12 December 2019
Pubali Bank Limited inaugurates 476th branch at Kalihati, Tangail

 

Date: 05 December 2019
Pubali Bank Ltd. organizes CLS Agent Conference 2019

 

Date: 28 November 2019
Pubali Bank Ltd. inaugurates Islamic Banking Window At Gulshan Corporate Branch, Dhaka

 

Date: 13 July 2019
Pubali Bank Ltd. holds 2nd conference-2019 of Regional and Corporate Branch Managers

 

Date: 20 May 2019
M. Azizul Huq elected Chairman of Pubali Bank Ltd.

 

Date: 19 May 2019
Pubali Bank Ltd. holds 36th Annual General Meeting (AGM).

 

Date: 25 April 2019
36th (Thirty Sixth) Annual General Meeting(AGM) of Pubali Bank Limited will be held on 19 May 2019.

 

Date: 11 April 2019
Pubali Bank Ltd. inaugurates its Renovated `Chairmans Secretariat, `Board Room and `MDs Secretariat.

 

Date: 21 March 2019
Pubali Bank Ltd. inaugurates ATM Booth at Agricultural University, Mymensingh.

 

Date: 17 February 2019
Pubali Bank Ltd. holds 1st Managers Conference-2019 of Rangpur Region.

 

04 January 2019
Pubali Bank Ltd. holds 1st Managers Conference-2019 of Chattogram South Zone.

 

03 January 2019
Pubali Bank Ltd. holds 1st Managers Conference-2019 of Chattogram North Zone.

 

December 31, 2018
Safiul Alam Khan Chowdhury re-appointed as Additional Managing Director of Pubali Bank Ltd.

 

December 05, 2018
Pubali Bank Ltd. organizes Orientation Program for newly recruited Armed Guards.

 

November 13, 2018
Pubali Bank Limited awarded as the highest tax-payer by NBR.

 

October 18, 2018
A training course on Foundation Training for Senior Officers & Officers.

 

October 17, 2018
Pubali Bank Ltd. organizes Fire Safety Training & Fire Drill.

 

October 11, 2018
Pubali Bank Ltd. holds 2nd Managers conference-2018 of Mymensingh Region.

 

September 30, 2018
Pubali Bank Ltd. donates 15 lac taka to Shahjalal University for Research Purpose.

 

August 12, 2018
Pubali Bank Ltd. holds 2nd Managers Conference-2018 of Dhaka North.

 

August 09, 2018
Pubali Bank Ltd. donated an Ambulance to Dhaka National Medical Institute Hospital.

 

July 25, 2018
Disclosure relating to un-audited Half-Yearly (Q2) Financial information.

 

July 16, 2018
A training course on Foundation Training for Senior Officers & Officers

 

July 16, 2018
Pubali Bank Ltd. appointed Muhammad Mijanur Rahman Joddar as AMD-1.

 

May 20, 2018
Vice-Chairman of Pubali Bank Ltd. elected.

 

May 10, 2018
Pubali Bank Ltd. holds 35th Annual General Meeting (AGM)

 

May 10, 2018
Chairman of Pubali Bank Ltd. Re-elected for 02(two) years

 

April 30, 2018
Pubali Bank Limited honoured with plaque by the Centre for NRBs

 

April 17, 2018
Pubali Bank Ltd. signs MoU with BRAC Services Ltd

 

April 15, 2018
Pubali Bank Limited donated Tk.5 (five) crore to the Honourable Prime Ministers Relief & Welfare fund.

 

February 22, 2018
Pubali Bank Ltd. signed agreement with Bangladesh Bank.

 

January 22, 2018
Pubali Bank Ltd. donated a Pick-up to DMP.

 

January 15, 2018
Pubali Bank Ltd. signed agreement with Bangladesh Bank.

 

November 28, 2017
Pubali Bank Limited donated 50,000 blankets to Prime Ministers Relief fund.

 

November 27, 2017
Pubali Bank Ltd. inaugurates 458th branch at Melandaha Bazar, Jamalpur.

 

November 08, 2016
A training course on Foundation Training for Senior Officers & Officers was held recently under the auspices of Pubali Bank Training Institute.

 

November 03, 2016
Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

 

November 03, 2016
Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

 

November 02, 2016
Pubali Bank Limited donates Tk. 20(Twenty) Lac to Dhaka Bar Association .

 

October 27, 2016
Pubali Bank Ltd. organizes Follow up Meeting with the CLS Agents on Consumers Credit Scheme .

 

October 23, 2016
Pubali Bank Ltd. gives bicycle to girls of Monir Ahmed Academy, Sylhet .

 

October 19, 2016
Pubali Bank Ltd. inaugurates its shifted Gulshan Model Town Corporate Branch.

 

March 01, 2015
Pubali Bank Ltd. recommended for 10% Cash Dividend for the year 2014.

 

February 23, 2015
Md. Abdul Halim Chowdhury new Managing Director of Pubali Bank Ltd.

 

February 22,, 2015
1st Managersconference-2015 of Dhaka South Region of Pubali Bank Ltd. held.

 

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