Brac Bank Flexi Deposit Premium Scheme (Flexi DPS)

Brac Bank DPS

Brac Bank Flexi Deposit Premium Scheme is a non-transactional account that a customer uses for interest earning and savings purposes through monthly instalment basis. Minimum amount required to open an FDPS account is BDT 500 and its multiples. FDPS can be opened for 1/2/3/4/5/6/7/8/9/10 years. This account is available on a roll over basis until the customer authorizes its closure. Interest is accrued to the FDPS account on monthly basis. Interest (after adjusting 10% Government tax on the interest amount) will be paid at maturity date, as per the Interest Rate Matrix as below

**All the figures are Indicative and subject to govt. taxes.

For any banking needs please call 24 Hour Call Centre 16221 or e-mail us at enquiry@bracbank.com

Bank Asia Deposit Pension Scheme Plus

Benefits:

Attractive and competitive interest rates

Up to 90% loan facilities

No hidden charges

Tax benefits as investment rebate 

No online charges for monthly deposit   

Customer will enjoy charge free Savings Account

Other Issues:

Tenure: 3, 5, 7, 10 and 12 years  

Deposit amount starts from Tk. 500 to Tk. 10,000 monthly

Terms & Conditions:

Only individuals can open this account   

In case of premature encashment, customer maybe given the maturity amount of previous tenure if that is completed by the time of encashment. Than for remaining period, existing saving rate maybe applied.

Return Schedule
Monthly Saving	3 years	5 years	7 years	10 years	12 years
500	21,500	41,000	65,500	115,000	160,000
1,000	43,000	82,000	131,000	230,000	320,000
2,000	86,000	164,000	262,000	460,000	640,000
3,000	129,000	246,000	393,000	690,000	960,000
4,000	172,000	328,000	524,000	920,000	1,280,000
5,000	215,000	410,000	655,000	1,150,000	1,600,000
8,000	344,000	656,000	1,048,000	1,840,000	2,560,000
10,000	430,000	820,000	1,310,000	2,300,000	3,200,000

*Calculation based on Tk. 100,000.00

Source:-

www.bankasia-bd.com

How to open DPS (Deposit Pension Scheme) in Meghna Bank Limited

Meghna Bank Limited Deposit Pension Scheme is a special savings plan which allows you to deposit on EMI basis and receive a lump sum amount (principal + interest) at maturity (For 3 Yrs, 4 Yrs, 5 Yrs, 8 Yrs, 10 Yrs,).

Required Supporting Document:-

-Two copies of recent passport size photograph of the DPS Account Holder(s) duly attested by the Introducer/any official of the bank.

-Recent Passport size photograph of the Nominee(s) attested by the DPS Account Holder(s).

-Photocopy of valid Passport or National ID or Driving License or Nationality Certificate issued by Municipal/City Corporation Ward Commissioner or Union Porishad Chairman.

PRODUCT FEATURES:-

-You can open DPS in single name.

-Minimum Monthly Deposit size is BDT 500.00.

-You have the option of depositing any amount in multiples of BDT 500.00 subject to maximum of BDT 20,000.00

-Tenure ranges from 3, 4, 5, 8 & 10 years

-You may deposit your EMI on any day of the month

-You can avail loan up to 90% of principal deposit amount after 12 months of regular operation of DPS Account.

-Premature closure is possible conditionally