This document outlines the interest rate structures and details of various deposit schemes offered by a bank effective June 22, 2014. It includes schemes such as Earn First that allows customers to draw interest upfront or reinvest it, ShohojSanchoy which offers flexibility in tenor from 3-18 months with interest rates from 10-10.5%, Corporate Classic TDR with rates from 10-10.5% depending on duration, and Long Term Plan offering 10.5% for 2 years or more. Other schemes outlined are Periodic Return Term Deposit, Double Money that doubles deposit in 5.5 years, and Triple Money tripling deposit in 9.5 years. The Money Builder monthly deposit scheme also provides projected
This document outlines the interest rate structures and details of various deposit schemes offered by a bank effective June 22, 2014. It includes schemes such as Earn First that allows customers to draw interest upfront or reinvest it, ShohojSanchoy which offers flexibility in tenor from 3-18 months with interest rates from 10-10.5%, Corporate Classic TDR with rates from 10-10.5% depending on duration, and Long Term Plan offering 10.5% for 2 years or more. Other schemes outlined are Periodic Return Term Deposit, Double Money that doubles deposit in 5.5 years, and Triple Money tripling deposit in 9.5 years. The Money Builder monthly deposit scheme also provides projected
This document outlines the interest rate structures and details of various deposit schemes offered by a bank effective June 22, 2014. It includes schemes such as Earn First that allows customers to draw interest upfront or reinvest it, ShohojSanchoy which offers flexibility in tenor from 3-18 months with interest rates from 10-10.5%, Corporate Classic TDR with rates from 10-10.5% depending on duration, and Long Term Plan offering 10.5% for 2 years or more. Other schemes outlined are Periodic Return Term Deposit, Double Money that doubles deposit in 5.5 years, and Triple Money tripling deposit in 9.5 years. The Money Builder monthly deposit scheme also provides projected
1. Earn First [New] Under this scheme you can draw interest upfront BDT 100,000* for deposited amount BDT 1,100,000 or reinvest the interest amount into other Deposit Scheme. *TIN is mandatory **Minimum deposited amount BDT 11.00 lac for 1 year
2. ShohojSanchoy (Appl icable for BDT 50,000 and above):
This deposit scheme gives customer the f lexibilit y to choose their own tenor from 3 months to 18 months Term Int erest Rate 3 months 10.00% 4 & 5 months 10.00% 6 months 10.00% 7 & 8 months 10.00% 9 to 11 months 10.00% 12 months 10.50% 13 & 14 months 10.50% 15 to 18 months 10.50%
3. Corporate Classic TDR
3 Months 6 Mont hs 1 Year 10.00% 10.00% 10.50%
4. Long Term Plan
2 Years Above 2 Years 10.50% 10.50%
5. Periodic Return Term Deposit Under this scheme you can draw the interest periodically (Monthly/Quarterly/Half-yearly/Annually) keeping the original deposited amount intact. (Appl icabl e for BDT 1 Lac and above) If your deposit amount is Tk. 100,000 then the interest income for different period will be:
Tenure/Amount Monthly Quarterly Half -Yearly Annually 1 Year 854 2,600 5,225 10,500 Rat e 10.25% 10.40% 10.45% 10.50% *Excluding Deducti on 6. Double Money Deposit amount placed at a time will turn double on completion of 5 years 6 mont hs.
7. Triple Money Deposit amount placed at a time will turn triple on completion of 9 years 6 months.
8. Money Builder (monthl y DPS): Installment per mont h Return after 3 years Return after 5 years Return after 10 years 500 22,000 41,500 115,000 1,000 44,000 83,000 230,000 2,000 88,000 166,000 460,000 3,000 132,000 249,000 690,000 5,000 220,000 415,000 1,150,000 10,000 440,000 830,000 2,300,000 25,000 1,100,000 2,075,000 5,750,000 *Note: The above rates are subject to change fromtime to time without prior notice as per decision of the LBFL