MDB Family Support

DESCRIPTION

Customer will be given BDT 625.00 (before Tax) per month for BDT 1,00,000.00.

Title Details
Tenure : Minimum 02 years (Renewable)
Amount to be deposited : BDT 1,00,000.00 and its multiples.
Benefit : Depositor will get BDT 625.00 (before TAX) each month proportion to his/her deposit during the entire.
Age : Any citizen of Bangladesh aged 18-65 years can open this account. Minors will be allowed to open account subject to completion of due formalities.
Taxes, Duty, Surcharges : 10% AIT will be deducted from each month's benefit subject to production of TIN Certificate; otherwise 15% will be deducted from each month's benefit
Loan facility : Loan may be granted up to maximum 90% of the surrender value.
Premature Encashment : In case of premature encashment interest will be paid as per Savings Bank A/c interest rate.
Highest Amount : BDT 50.00 Lac

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