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Retail Banking » Recurring Deposits » Senior Citizen Pubali Deposit Scheme (SCPDS)
Senior Citizen Pubali Deposit Scheme (SCPDS)
Objective
To provide a financial safety net for elderly individuals after their active working years. The product will be known as the Senior Citizen Pubali Deposit Scheme (সিটিজেন পূবালি ডিপোজিট স্কিম (এসসিপিডিএস)).
Key Features:
Any Bangladeshi individual aged 59 years and above can open account under this scheme.
The account holder can continue the account as long as he/she wants.
The account can be opened with a minimum initial deposit of Tk. 10,00,000/- (Ten Lac)
The account holder will have the 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.
The account holder can withdraw monthly interest from the following month of account opening.
Partial Encashment is allowed after 1 year. However, if the account’s closing balance comes down below Tk. 10,00,000/- on any day in any month, the regular savings account interest will be applicable for that particular month(s).
The applicant can withdraw the full amount (Principal + Interest) after one year of the scheme.
If the account closes before 1 (one) year, interest rate will be 6 Months FDR rate (prevailing FDR rate) minus 1% p.a.
Cheque book/debit card will be provided to the customer for withdrawal of the money.
A Customer can open more than one Senior Citizen Pubali Deposit Scheme (SCPDS) account at different branches of the Bank.
Eligibility for Account Opening:
Other Features:
Loan facility up to 80% of the deposited amount at that time.
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 time to time.
Eligibility for Account Opening:
Any Bangladeshi citizens having no dual citizenship can open SCPDS account. Photographs and necessary papers such as National ID/Passport etc. will be required to prove identity. Customers can open accounts through e-KYC on PI Banking (self check in), or by visiting the nearest Branch/Sub-Branch under e-KYC (Assisted On-Boarding) by presenting their National ID Card. Manual account opening at the branch/sub-branch is also an option.
Age Limit:
The age limit for individuals has to be 59 years and above. The applicant may continue the scheme as long as he/she desires.
Nominee:
Applicant must select one or more nominees at the time of opening of SCPDS account and it can be changed by the account holder. In case of the death of the account holder, the account will be closed and nominee(s) will get the full proceed as per rules. If the nominee dies, the total balance will be paid to legal heir(s) of the account holder as per bank’s rule.
Interest Rate and Interest Calculation:
Interest will be allowed 6 Months FDR rate (prevailing FDR rate) plus 1% p.a. on daily Product basis to be compounded monthly.

However, if the account balance comes down below Tk. 10,00,000/- in any month, the regular savings account interest will be applicable for that particular month(s).

Interest rate may be changed from time to time as per decision of the Management.
Deposit:
The account can be opened with a minimum initial deposit of Tk. 10,00,000/- (Ten Lac).
The account holder can deposit any amount of money as often as he/she wishes.
All existing methods of deposit (Cash, Transfer, BEFTN, BACH, RTGS, Digital banking etc.) for regular savings accounts are also applicable to SCPDS accounts.
The account holder can give standing instruction to transfer/make payment from his savings account/current account maintained with the bank.
The deposit can also be made through PI banking.
Withdrawal
The account holder can withdraw monthly interest from the following month of account opening through cash or transfer to another account. If the customer does not withdraw interest in any month it will be accumulated and there will be shown a balance as “Available monthly interest amount” (for the first 1 year) in the account statement in addition to the total balance. The customer can withdraw monthly interest one time or frequently as many times as he/she desires.
Customers can withdraw full proceeds after 1 (one) year from the date of account opening.
Regular frequent withdrawal is available after 1 (one) year. However, the account holders have to maintain the minimum deposit (i.e. BDT 10,00,000) to avail regular SCPDS interest rate.
Customers will be provided with cheque book/debit card for withdrawal of money.
All mediums of digital banking (PI banking, QR Code, online payment etc.) can also be used for the transfer/payment of funds from the SCPDS account(s).
Early Encashment:
If any depositor intends to withdraw his/her full deposit before 1 (one) year due to certain unavoidable reasons then the effective interest rate will be 6 Months FDR rate (prevailing FDR rate) minus 1% p.a. .
Govt. Taxes & Duties:
Source Tax and Excise duty are applicable as per Govt. rules time to time.
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.
Loan Limit: up to 80% of the total Deposited Amount.
Loan Type: Demand Loan/Overdraft (SCPDS account to be “Lien” marked).
Loan Period: 1 year (Renewable).
Interest Rate (%): SCPDS rate + 2% p.a. with quarterly rest (subject to change time to time as per decision of the Management).
Mode of repayment: Monthly installment or lump sum amount at any time within the validity period.
Loan Documentation: As per bank’s rule.
Closing Procedure:
Account will be closed after encashment of the full and final payment as per bank’s rule.
After death of the SCPPS account holder, nominee(s) will withdraw the full amount by closing the account as per bank’s rule. If the Nominee(s) is/are minor, the proceeds of the account will be withdrawn by the Legal Guardian of the Nominee(s) as per bank’s rule.
Mentionable that the Management Committee (MANCOM) of our Bank in its 11th meeting held on 30.11.2023 has discussed regarding introduction of a new deposit product "Senior Citizen Pubali Deposit Scheme (সিটিজেন পূবালি ডিপোজিট স্কিম)" with the above terms and conditions.

Under the above circumstances we recommend to introduce a new deposit product "Senior Citizen Pubali Deposit Scheme (সিটিজেন পূবালি ডিপোজিট স্কিম)" with the above terms and conditions and a separate account opening form may be prepared thereof.
Foreign Currency Rates
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USD 115.50 116.00
EURO 127.00 130.25
GBP 146.50 151.00
News & Events

Date: 28 March 2024
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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
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Date: 20 June,2023
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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
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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
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Date: 27 June,2021
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Date: 03 June,2021
Monzurur Rahman Re-elected Chairman of Pubali Bank Ltd.

 

Date: 03 June,2021
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Date: 18 April,2021
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Date: 12 April,2021
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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
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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
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Date: 28 November 2019
Pubali Bank Ltd. inaugurates Islamic Banking Window At Gulshan Corporate Branch, Dhaka

 

Date: 13 July 2019
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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
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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
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November 03, 2016
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November 03, 2016
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November 02, 2016
Pubali Bank Limited donates Tk. 20(Twenty) Lac to Dhaka Bar Association .

 

October 27, 2016
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October 23, 2016
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October 19, 2016
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March 01, 2015
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February 23, 2015
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February 22,, 2015
1st Managersconference-2015 of Dhaka South Region of Pubali Bank Ltd. held.

 

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