WFMD (Withdrawal Facility from Mudarabah Deposits)

To facilitate the deposit customers who badly need to take back a portion of their deposits kept with the Bank to meet their instant cash requirements. This withdrawal facility is a unique beauty of Islamic Banking.

Limit of Withdrawal:
  1. Up to 90% of present encashment value of Mudarabah Term Deposit (MTDR)
  2. Up to 90% of present encashment value of Mudarabah Hajj Savings Scheme
  3. Up to 90% of present encashment value of Mudarabah Deposit Pension A/C (MDPA)
  4. Up to 90% of present encashment value of Mudarabah Muhar Deposit Scheme
  5. Up to 90% of present encashment value of Mudarabah Shwapna Puran Deposit A/C
  6. Up to 90% of present encashment value of Mudarabah Shadhin Sanchaya A/C
  7. Up to 90% of present encashment value of Mudarabah Shikkha Sanchaya A/C
  8. Up to 60% of present encashment value of Mudarabah Monthly Profit Deposit (MMPD)

Service Charge:

Tk 1,000.00 per withdrawal plus VAT on the service charge as per Government’s rule.

Tenure:

Maximum 01 (one) year or the maturity date of the concerned deposit account which comes earlier.

Rate of Profit:

No profit on the withdrawn amount for either side. Profit will be paid for remaining deposit amount at the declared rate.