Deposit Pension Scheme (DPS) is a popular investment scheme in Bangladesh that allows individuals to save a fixed amount of money every month for a specific period. will be deducted from the payable amount as per govt. This can help them develop a savings habit and build a financial nest for their future. The minimum deposit amount for the Trust Student DPS is BDT 5,000. Developed By ICT Systems Division. For those looking for the safest way to become a millionaire, IFIC Millionaire Dream Plan is for them. o BDT 5,900/- for 10 years Features: Attractive interest rate. officer/staff, Agrani Bank loan for Overseas Worker- ALOW, Definition of Cottage, Micro, Small & Medium Enterprise, Special attention to the Women Entrepreneurs, Area Approach/Cluster Based SME Financing, Employment Generation Project for the rural poor (EGPRP), Small Credit Program for the Women (SCPW), Marginal and Small Farm System Crop Intensification Project (MSFSCIP) IFAD-Kurigram, SME Small Transport Credit Program (SMESTCP), Solar Energy, Bio-gas and Effluent Treatment Plant Credit Scheme (SBETPCS), AML & Terrorist Financing Questionnaire of ABL, Money Laundering & Terrorist Financing Risk Mangement Guidelines, AML & CFT Policy and Procedure Guide book-2019, General account opening rules are applicable for opening this account. OBL Retailers Account: OBL Easy Account: OBL Insured Deposit Scheme: ONE-2-3 : HRC Bhaban, 46, Kawran Bazar C/A, Dhaka-1215, Bangladesh: Phone: (+88 02) 55012505: Fax . This scheme has a very attractive high interest rate and the flexibility to deposit the installment at any day of the month. 500. NBL Millionaire Deposit Scheme (MDS): The customer can avail a secured facility against this product up to 90% of the customers deposit amount (without interest). Step in to any of our branches to have the most overwhelming welcome ever. Children Education Savings Scheme (CHESS). Copyright 2022 Rupali Bank Limited. Excise Duty, Vat and Income Tax are to be realized from the account as circulated by the Government time to time. Copyright 2023 IFIC Bank PLC. Developed by: IT Division, Security Features of Original Bank Currency, Account Closing / Method & Forfeiture of Earning Interest. The minimum monthly deposit amount for MMSS is BDT 1,000. Availability. Tax, VAT & ED: Govt. Moreover, the Neera Motherhood Scheme is a monthly DPS for women of all ages, whether married or unmarried, who is planning to have a child or is already pregnant. It offers top-of-the-line banking services including great DPS that comes with lucrative offers. Select Your ProfessionACCOUNTANTARTISTBACHELORBANKERBARBERBARRISTER AT LAWBLACKSMITHBOATMANBUSINESSCHIEF JUSTICECLEANERCONTRACTORCOOKDEPENDENT ON DIPLOMATDOCTORDRIVERENGINEERFARMERFISHERMANGOVERNMENT SERVICEGUARDHOUSE WIFEJOURNALISTJUDGEJUSTICELABORLAWYERMECHANICMEMBER OF LOCAL GOVERNMENTMEMBER OF PARLIAMENTMERCHANT MARINE OFFICERMINISTERNURSEOTHERSPAINTERPERMANENT OFFICER/ STAFF OF AUTONOMOUS ORGANIZATIONPERMANENT OFFICER/ STAFF OF NATIONALISED ORGANISATIONPOLITICIANPORTERPOTTERPRESIDENTPRIME MINISTERPRIVATE SERVICERETIRED (GOVERNMENT SERVICE)RETIRED (PRIVATE SERVICE)RETIRED TECHNOCRATSALESMANSATUARY BODYSEMI GOVERNMENT SERVICESPEAKERSTUDENTSWEEPERTAILORTEACHERUNEMPLOYEDWASHERMAN, Corporate Head Office: MTB Centre 26 Gulshan Avenue, Dhaka 1212, Bangladesh, Copyright 2023 Mutual Trust Bank Limited, One of our representatives will get in touch with you shortly, Members of the board of Governors of MTB Foundation, MTB Wholesale Banking Products and Services, Basic documents needed to apply for loans, Loan Application forms and important circulars of Bangladesh Bank, Government Securities (T-Bill, T-Bond) & Primary Dealership, Dividend Policy, Unclaimed Dividend & Dividend Disbursement Notice, Status of Buy/Sale of Shares by Sponsors/Directors, Compliance Status of Corporate Governance, Disclosures on Risk Based Capital (Basel II & Basel III), Global and National Guideline for Sustainability, Disclosures on Risk Based Capital (Basel III). Why VPN Becoming Popular And Factors Behind Its Popularity, Economic Impact of Chittagong Coxs Bazar Railway Project, Top 5 Mega Projects To Inaugurate In 2023, How Hatil Established Itself as a Superbrand In Bangladesh, The Journey and Brief History Of Audi Company. Title. Customers can choose from various tenures ranging from 5 to 25 years. The NFL Millionaire Deposit Scheme is designed to meet customer demand for a deposit which meets a predetermined target amount. Furthermore, their Probashi DPS has a monthly installment of minimum Tk. In case of minor account, Legal Guardian will operate the account on behalf of the minor until the minor reaches the age of 18. All taxes / Government Excise Duty and/or any other surcharges presently in force or that may be imposed by the Government of Bangladesh from time to time will be deducted / recovered from the deposit account under this scheme. DBBL Millionaire Deposit Diagram (MDS) This scheme creates opportunity for individuals to be a millionaire. Details Apply Now Mudaraba Double Benefit Deposit Scheme (MDBDS) Key Features Any person/persons can open this account singly or jointly. Monthly Savings Deposit Scheme (MSDS) Interest Rate: 7.00% p.a. Bangladesh. Dutch-Bangla Deposit started operation is Bangladesh's first joint venture bank. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'businessinspection_com_bd-large-leaderboard-2','ezslot_10',119,'0','0'])};__ez_fad_position('div-gpt-ad-businessinspection_com_bd-large-leaderboard-2-0'); BRAC Bank is one of the most prolific banks in Bangladesh with a great number of branches all throughout Bangladesh. KOTIPOTI DEPOSIT PLAN Kotipoti Deposit Plan helps you reach the heights of wealth & status with Taka ONE CRORE at your comfort. The operation of savings scheme accounts are subject to the laws, banking regulations or banking practices that may change from time to time. There are two other schemes named Multiplier Scheme and Confidence Scheme. Rupali Millionaire Deposit Scheme is a monthly installment based deposit scheme. The scheme is offered with a wide range of tenor flexibility to meet varied customer needs. Prime Bank has a vast range of DPS schemes which include- Prime Kotipoti, Prime Millionaire, and Prime Lakhpoti, which almost serve the same purpose of winning a big sum of money by using the service of these DPS schemes. ! The SEBL Millionaire DPS scheme is a savings plan designed to help customers save for their future needs. Under Insurance Backed DPS, customers can open a fixed deposit account with a tenure of 3 years, 5 years, or 10 years. The profit rate on the deposits varies based on the deposit amount and the tenure chosen by the customer. The Bank has expanded its arena in different and diverse segments of banking like Retail Banking, SME Banking, Corporate Banking, Off-shore Banking, and Remittance etc. Flexi Loan ( Mortgage backed) Auto Loan (Mortgage backed) . As per Bangladesh Bank instruction, there is a Customer . Loan or overdraft facility up to 90% of the deposited amount. Advance instalments may be deposited but no additional interest will be paid for this. Late fees @ 2% of installment amount or BDT 200.00 whichever is higher will be charged per month for failure to deposit the instalment in time. The interest rate is 5.50% per 6 months to 12 months. This is how Eastern Bank Limited offers a great deal of monthly DPS schemes that can help customers in saving money for the welfare of their future. The monthly installment size can range from 500 BDT to 50,00 BDT. o BDT 3,250/- for 15 years The scheme is offered with a wide range of tenor flexibility to meet varied customer needs. In case of death of the depositor, the plan will cease to function. 2018 Midland Bank Ltd. All Rights Reserved. The interest rate on the fixed deposit varies depending on the deposit amount, the tenure, and the prevailing market rates. Millionaire Deposit Scheme (MDS) Account is a time specified monthly deposit scheme for clients where the deposited money will become one million on maturity. Interest Rate City Bank offers aggressive interest rates on seine fixed deposit schemes. Best for you if you Want to go for mid to long term savings Want attractive Rate Want to be a millionaire after a fixed tenure Features Identity certificate of the nominee provided by local chairman or ward commissioner. Other terms and conditions shall be governed by the rules and regulations of Mutual Trust Bank Limited under the existing laws applicable in Bangladesh. The first to be mentioned is Shonchoy SME DPS which requires a monthly contribution of 500 BDT with an interest rate of 7.50% per autumn. Millionaire Deposit Scheme (MDS) Application Form Periodic Benefit Scheme (PBS) Bochore Dergun Scheme (BDS) Pension Plus (PP) It is the only bank that offers DPS schemes for almost every type of people in need. no further interest shall be accrued and no further deposits to the account will be allowed) until the customer visits the branch and claims for the amount payable to the customer. Mudaraba Tayeba (Probable Millionaire) Deposit Scheme (MTDS-Tayeba) Nature of Account: Term Deposit where the terminal amount on maturity shall be Tk. It is a monthly deposit scheme which will make a client millionaire after a certain period. The tenure of this scheme is 4/6/8/10/12/15/20 years. MDB Super Saver account is a daily interest bearing and monthly interest paying savings account for any Bangladeshi citizen. Business inspection 2023. Government tax/tax at source etc. This account can be opened in Joint Name as well as in favor of Minor where Father/Mother Legal Guardian will operate the account till the Minor reaches 18 years. For those looking for the safest way to become a millionaire, IFIC Millionaire Dream Plan is for them. Why Bangladeshi Businesses Need Digital Marketing? This scheme creates opportunity for individuals to save for their children's future education. VAT & Excise Duty shall be borne by the depositor and will be deducted as per NBR rules List of some banks which have Millionaire Scheme Required Documents Recent Photograph of applicant IFIC Tower, 61 Purana Paltan, Dhaka-1000. But this facility will be eligible after 1(one) year from opening the account. The account can also be opened for a child who is under 18 years old, while the parent or legal guardian remains the account holder. MDB Millionaire Savings Scheme is a monthly deposit scheme which will earn the account holders BDT 1 Million (before tax) after a certain period. Millionaire Deposit Scheme (Lacpoti) is a monthly deposit scheme where client can be Millionaire after a certain period. Customers can avail a loan facility against their DPS deposit and earn interest on the loan amount as well. But this facility will be effective after 01 (one) year from opening the account. Details. AB Bank Millionaire Scheme Account (MSA) Submit Your Details Features Monthly installment based savings scheme with maturity value of Tk.1,000,000 ( One million ). The tenure for the Shonchoy SME Deposits ranges from 1 month to 5 years. Let's pick ampere look at the 7 best monthly DPS schemes stylish Bangladesh, the banks so offer you, and how you work. Instalment may be deposited within 20th of every month by cash/cheque or under the depositors instruction from another deposit account. In our socio economic context, a person who owns 10 million Taka in a bank account or savings account stands out in the crowd. 13. About Bank; Board of Directors; Executive Committee; Audit Committee; Risk Management Committee Overall, Dutch Bangla Banks Monthly DPS scheme is a good option for those who want to secure a regular source of income after retirement or for any other purpose. More than 01 (one) account can be opened by the customers either in the single name or in the joint names. Millionaire Scheme Account (MSA) Interest Rate: 7.00% p.a. They also offer Mudaraba Monthly Savings Scheme which has a tenor of 3 years, 5 years, or 10 years. 14. They also offer two unique DPS schemes named Neera Education Savings Scheme and Neera Motherhood Scheme. If the address of the depositor is changed, it would be informed instantly in writing. Interest Rate Requirements Features And Benefits Terms and Conditions Encashment Rules All Product . 4% concessional Pulse, Oil seeds, Spice crops & Maize cultivation, Rupali Monthly Benefit for Senior Citizens (RMBSC), Rupali Senior Citizen Savings Account (RSCSS), Bangladesh Power Development Board Employee House Building Loan, Public University Employee House Building Loan, Rupali Street and Working Children Account (Pothful), House Building/Flat Loan for Govt. Tenure: 5-10 years for 1 Million 7-12 years for 5 million 10-15 years for 10 million Instalment Amount: Multi-Millionaire Scheme: Installment Date: Installment shall be payable on the DPS account opening date of each month Tax, VAT & ED: Govt. Save my name, email, and website in this browser for the next time I comment. National Bank Limited Millionaire Deposit Scheme (MDS) Products & Services Millionaire Deposit Scheme (MDS) Under this scheme one will deposit a fixed amount on monthly basis for 4, 6, 9 or 12 years and on maturity he/she will be just a millionaire. Secured. It also provides insurance for your deposited funds so that you don't have worry about losing them due to unforeseen circumstances. These terms and conditions shall be governed by and construed in accordance with the laws of . Both have a tenor of 3 months, 6 months, 1 year, or 2 years. VAT & Excise Duty shall be borne by the depositor and will be deducted as per NBR rules. The hill be can effort by local shareholders lead by M Sahabuddin Ahmed . Crops Loan - Horticulture or flower/fruit cultivation loan , vegetable cultivation in home yard/rooftop, Import Substitute Crops Loan Head Office Internet Banking, Disclosures On Risk Based Capital (Basel III), Installment shall be payable on the DPS account opening date of each month. Find the answers and while you are at it, tell us how we could do better. Two of those being the Kotipoti Scheme and Millionaire Women Scheme; both offer similar services up to winning 1 Crore in prize money. The bank was an effort by local shareholders spearheaded by M Sahabuddin Ahmed (founder chairman) and the Dutch company FMO.View More, International: (8802) 47110465, 47115155, 47114795. Depositor can select nominee of any ages. Have to receive indemnity bond in favor of the bank. 18 Gulshan Avenue, Gulshan 1, Dhaka 1212, Bangladesh Phone: +88-09678555000, Fax: +880-2-58814290, Email: info@abbl.com . Copyright © 2023 - United Commercial Bank PLC. 116/1, Kazi Nazrul Islam Avenue (3rd floor) Loans are provided against 90% of the deposited amount. The prize money for MDS ranges from BDT 10 lakh to BDT 1 crore. Let's intake one look at which 7 best monthly DPS schemes in Bangladesh, the banks that offer them, and how they work. This deposit scheme returns a handsome amount through forced monthly savings without any cut in living style. o BDT 14,100/- for 05 years The revised Monthly Installment as per revised Rate of Interest of NBL Millionaire Deposit Scheme: National Bank Limited The customer can avail credit card limit up to 80% of the deposited amount. With attractive interest rates and flexible installment sizes . Non-Resident Foreign Currency Deposit Account (NFCD) Resident Foreign Currency Deposit Account (RFCD) Premier Payroll Account; Term Deposit. If you would fancy to change your settings or withdraw consent at any date, which link to do as is in our privacy policy accessible from our top page.. Millionaire Scheme Account (MSA) - AB Bank Limited Tax at source. rules. 100 Gulshan Avenue, and tenor wise installments are as follows: . If the depositor wishes to withdraw the deposited amount before agreed term, the interest will be paid at prevailing savings rate. They also offer a DPS scheme for childrens education called Children Education Saving Schemes which helps parents save for their childrens education.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'businessinspection_com_bd-large-mobile-banner-2','ezslot_17',111,'0','0'])};__ez_fad_position('div-gpt-ad-businessinspection_com_bd-large-mobile-banner-2-0'); The scheme offers a higher rate of return than a regular savings account and comes with a guaranteed sum of money for the childs education. Free internet banking & SMS Alert Service facility. The schemes are designed to help individuals save a considerable amount of money by contributing a small portion of their earnings monthly. Dhaka - 1000, Bangladesh. Their Prachurjo Fixed Deposit tenor ranges from 3 months to 5 years. Key Features: Tenures from 3 to 20 years. Bangladesh, Fastest Growing Digital Bank Bangladesh 2021, Sustainability Rating Recognition award 2021, International Finance Banking Awards 2021, Copyright 2023 Eastern Bank Ltd. All Rights Reserved, Disclosures on Risk Based Capital (Basel-III), Warning against illegal forex trading/dealing, Want to be a millionaire after a fixed tenure, Choose from three different tenures- from 3 to 15 years, One Person can open More than one "EBL Millionaire Scheme", Automatic realization of monthly installments, Maximum 90% Loan facility against EBL Millionaire Scheme. The customer may avail loan up to 90% of the Deposited amount. Customers can choose from various tenures ranging from 3 years to 10 years. They offer the best mobile banking services including some attractive DPS schemes as well. They offer Mudaraba Monthly Savings Scheme and Trust Mudaapah Deposit Scheme that allow customers to save a fixed amount of money each month for a fixed period and earn a profit on their savings. Minimum credit card limit will not be less than BDT 10,000.00. Complain Cell | Customer Complaint The schemes are designed to help individuals save a considerable amount of money by contributing a small portion of their earnings monthly. Ratio (ISR) & Deposit Rate, Retail These are some of the best Monthly DPS schemes available in Bangladesh offered by different banks and financial institutions. in a year. Let's take a look at the 7 best monthly DPS schemes in Bangladesh, the shores that offer she, and how they work. " " Agroshor - Mudarabah Millionaire Deposit Scheme Be a Millionaire by starting as installment of only BDT 2,125 in convenient tenure. Customers with high balance can use the Multiplier Scheme with an interest rate of up to 7% per annum. Any benet from Millionaire Savings Scheme may come under purview of Income Tax of any other levy as decided by the government of Bangladesh. Dutch-Bangla Bank started operation is Bangladesh's first joint venture bank. It was founded in 1983. Agrani Bank Millionaire Deposit scheme Home Products Deposits Product Duration : 5 , 7 & 10 years . Every saver has a fascination for a status of high wealth. Automatic realization of monthly instalments. Fixed Deposit (FDR) Monthly Savings Scheme (MSS) Monthly Income Scheme (MIS) Double Benefit Scheme (DBS) Interest Rate; Shwapno (One Year Six Months - Monthly Deposit Scheme) Registered Retirement . Their Deposit Plus Scheme has a tenor of 3 months to 5 years. Pension Savings Scheme (PSS) Special Notice Deposit - SND Account; IFIC Corporate Plus; NFCD; IFIC Aamar Rin. Customers can deposit a fixed amount of money on a monthly basis for a certain period of time and earn interest on their savings. For appointment please click: Automatic realization of monthly instalments. The bank reserves the right to change the rules/procedures of the plans if deemed necessary. The interest rate is higher than the regular savings account interest rates offered by the bank. !!! Other consumer products like UCB Cards have been showing tremendous success and growth since its inception in 2006 and soon became the leader in local market with around 40000 card holders. Nominee can claim the money with proper documents (Pre-mature encashment rule will be applied). Maturity: 05 years, 10 years, 15 years and 20 years, Deposit the installment at any day of the month, Confirmation of installment deposit through Free SMS Alert, Emergency Loan facility against the deposit amount, Monthly installments : City Bank offers competitive interest rates on its fixed deposit schemes. List of the best monthly DPS scheme providers in Bangladesh: Eastern bank Limited is one of the premier service-providing banks in Bangladesh which was founded in 1992. These schemes offer an automatic realization of monthly installments and attractive interest rates. The scheme guarantees minimum 10 Lac taka (before tax) upon maturity with flexible installment amount and tenure. There is also the Millionaire Deposit Scheme which is a fixed deposit scheme that allows customers to potentially win a large sum of money through a lottery system. This scheme has a very attractive high interest rate and the flexibility to deposit the installment at any day of the month. The minimum deposit amount is relatively low, making it accessible to women of all classes. Under this scheme one will deposit a fixed amount on monthly basis for 4, 6, 9 or 12 years and on maturity he/she will be just a millionaire. With a vast network of 224 branches the Bank has already made a distinct mark in the realm of Private Sector Banking through personalized service, innovative practices, dynamic approach and efficient Management. E-mail : info@unionbank.com.bd. The Double Benefit Deposit Scheme offers an interest rate of 7%. The tenor for TMDS is 3 months to 5 years. Deposit Products Islami Bank Bangladesh Limited mobilizes deposits through different types of accounts. Mudaraba Lifestyle Deposit Scheme (Sohoj) is a special monthly deposit scheme that is specially tailored for those whose purpose are to fulfill their short term financial needs like paying tax, medical treatment, travel plan, School Admission fee of Son/Daughter etc. Employee, Bangladesh Securities and Exchange Commission, Disclosures on Risk Based Capital (Basel-III)-2022, Disclosures on Risk Based Capital (Basel-III)-2021, Disclosures on Risk Based Capital (Basel-III)-2020. DPS can also help people develop financial discipline by encouraging them to save. It is a monthly deposit scheme which will make a client millionaire after a certain period. Warning against illegal forex trading/dealing, Disclosure on Risk Based Capital (Basel II & III), Report on unclaimed fund deposited to Bangladesh Bank, Prime Bank Shari'ah Supervisory Committee, Correspondent Bank Accounts for Wire Transfer, Rules for opening and operating FC accounts, Compliance of Corporate governance guidelines, Capital Market Stabilization Fund Transfer. Maturity tenures of 5, 7, 10 or 12 years. : +(88) 02-41032448,PABX: +88-02-55138301-10 Ext. EBL Millionaire Scheme is a monthly Savings Scheme with flexible long term tenure that gives you maturity Value of BDT 1 (one) million-with monthly installments as low as BDT 2,300. EXIM KRISHI - (Mudaraba Krishi Monthly Deposit Scheme) EXIM SHWAPNO - (Mudaraba Housing / Entrepreneurship Development Scheme) EXIM SHEFA - (Mudaraba Monthly Savings Deposit Scheme) Deposit Rates: Useful Links. Features and Benefits : Tenor: 4,5,6,7,8,9 and 10 years term; Deposit on monthly installment basis; It allows people to deposit a fixed amount of money and earn interest on their savings, which can be used to generate a monthly pension. Prime Millionaire Scheme (PMS) is an exclusive deposit scheme where the depositor will get BDT 10 Lac on maturity. Any Resident Bangladeshi citizen can open this account. Customers can borrow up to BDT 50 lakh under the Confidence Scheme. If the depositor wishes to withdraw the deposited amount before agreed term, the interest will be paid at prevailing savings rate. EN FR ENGLISH ES IT HR SV SR SL NL Concealment & Transparency The below Maturity Value Table shows the different installment amounts on available tenures: We are here to help you. 10,00,000.00 (Probable). 50,000 for normal death. Eligibility. Nominee will get total amount of money due to the death of depositors by providing below mentioned documents. Millionaire Deposit Scheme Under this scheme customers will deposit a certain amount in every month for a specific tenor ranging from 3 years to 10 years to get Tk 10.00 Lac at maturity. All rights reserved. The calculations of deposit schemes shown above have been calculated excluding Excise Duty, VAT, Income Tax and other charges (if any). Late fees @ 2% of instalment amount will be charged per month for failure to deposit the instalment in time. While Lakhopoti Scheme, Trust Kortipoti, Mudaraba Millionaire Scheme cater to a larger sum of money being associated, they also have schemes to help people save money for their future. Income Sharing PBX Range: 880-2) 9566153-54,9566160-69,9566074-75 Here scheme holders deposit fixed amount of money every month for a certain period of time & after maturity period, minimum one million taka is paid to them. o BDT 2,000/- for 20 years, National ID Card (NID)/Passport/Birth Certificate with proper validation of Account Holder and Nominee, 2 Passport Size picture for the Account Holder and 1 Passport Size picture of the Nominee, 18 Years or older any Bangladeshi Citizen with a sane mind, Account can be opened in the name of minors and Father/Mother/Legal guardian will operate the account, Account holder must have/open a settlement account before opening this account, Demise of account holder/any of the account holders before account maturity will result in a shutdown of account immediately effective from the day of passing away. For Probashi DPS, the installment will be realized automatically on the due date. There is a Pension Scheme which is designed to help customers save for their retirement. Any person/persons can open this account singly or jointly. | NIS | Unclaimed Deposits | Right to Info The tenure for the Trust Student DPS ranges from 3 years to 10 years. ). This scheme creates opportunity for individuals to be a millionaire. Age 18 years and above. web : www.unionbank.com.bd. Besides various deposit and loan products of Retail Banking, the Bank caters export and import loan to deserving candidates which in turn helps the overall economy of the country through increased earning of foreign exchange. One person can open more than one Prime Millionaire Scheme. If the depositor fails to pay 3 consecutive instalment, the account will be closed and net payable amount will be transferred to link account (if any) or to Sundry Deposit account and the customer will be informed accordingly. Even if any customer fails to submit 02 (two) consecutive installments, he/she can still continue the scheme with a very small penalty in the third month. This scheme varies from 3 years to 20 years. If the 20th day of the month happens to be a holiday, the instalment will be deposited by the next working day. The deposited amount will double in 11 years and 7 months. All Rights reserved. 3 years / 5 years / 8 years / 10 years / 12 years / 15 years / 20 years/, BDT 1,000,000 (Ten Lac Taka) Only before tax and other charges. The Barakat Hajj Deposit Scheme is for Hajj pilgrimage. Your entrance through our doors is always our pleasure. Installment fixed by choosing the tenure or vice versa. With attractive interest rates and flexible installment sizes, anyone can become a millionaire in 4-10 years time. | Information Memorandum (IM) of NBL 3rd Subordinated Bond, 2023 | National Bank Limited. The loan offers flexible repayment options and competitive interest rates. They also provide a DPS service for students. To encourage long term deposits from customers, the NFL has launched a new deposit product called NFL Millionaire Deposit Scheme at competitive rates. The depositor can have a separate account in the bank from which a standing instruction can be given to transfer the monthly deposit to the scheme account. The consent submitted will with be used for data processing originating starting this website. The interest rate on that fixed deposit varies depending on the deposit amount, the tenure, real the prevailing market current. Once chose the installment/Tenure can't rectify it further. Deposit Products Mudaraba Accounts Deposit Products Al-Wadiah Account Islami Bank operates all accounts except Current Account under the Mudaraba principle (Profit & risk sharing) of Islamic Shari`ah. Dhaka-1212 Maturity tenures of 5, 7, 10 or 12 years. Initial Deposit: For 5 years monthly deposit 14900/- taka , For 7 years monthly deposit 10100/- taka , For 10 years monthly deposit 6520/- taka , Rate of interest: 5.06% for 5years,5.28 for 7 years & 5.48 for 10 years Rules It is one of the oldest Banks in Bangladesh. . Neera Education Scheme is especially for mothers who want to save for the welfare of their children. , , Agrani Bank Senior Citizen Savings Scheme, Agrani bank Wages Earners Deposit Scheme, Loan against pension vata of retired Govt. Any Bangladeshi citizen with photo ID document as applicable for savings account. The interest rate on these deposits come with other benefits such as a free debit card and online banking. Installment amounts of Scheme Deposits have been rounded off. The scheme offers a higher rate of return than a regular savings account and comes with a guaranteed sum of money for Hajj expenses. Can be opened for 3, 4, 5 or 6 years. The tenure of this scheme is 4/6/8/10/12/15/20 years. All rights reserved. The payment size, tenure and interest rate. 390,391 Southeast Bank Monthly DPS is a popular scheme that offers a flexible deposit tenure ranging. Covering Up Diesen are several of the best Monthly DPS schemes accessible in Bangladesh offered by different banks and financial institutions. Goal Based DPS has a monthly tenor of 6 months to 10 years. With the Fixed Deposit Scheme, customers can choose a tenure for their fixed deposit ranging from 1 month to 5 years. About Us. To apply for any of these Monthly DPS schemes, a customer can visit a BRAC Bank branch or contact the banks customer service center.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'businessinspection_com_bd-large-mobile-banner-1','ezslot_3',121,'0','0'])};__ez_fad_position('div-gpt-ad-businessinspection_com_bd-large-mobile-banner-1-0'); Being one of the largest banks in Bangladesh, Dutch Bangla Bank has 220 branches in locations all around the country. 3 Years 4 Years 5 Years 6 Years 7 Years 8 Years 9 Years 10 Years; EMI/Tenor: . This scheme will be very much helpful to implement a future plan successfully by small savings. MDB Millionaire Savings Scheme is a monthly deposit scheme which will earn the account holders BDT 1 Million (before tax) after a certain period. 500,000 for Accidental death and Tk. Loan/overdraft facility may be allowed up to 90% of the deposited amount subject to minimum loan amount of Tk.15,000. Listicles Deposit Pension Scheme (DPS) is a popular investment scheme in Bangladesh that allows individuals to save a fixed amount of money every month for a specific period. Rupali Millionaire Deposit Scheme is a monthly installment based deposit scheme. !! All Rights Reserved |, Disclosure on Risk Based Capital (Basel-III), Information Memorandum (IM) of NBL 3rd Subordinated Bond. Millionaire Savings Scheme Accountholder for deposit under the scheme of Millionaire Savings Scheme. The scheme guarantees minimum 10 Lac taka (before tax) upon maturity with flexible installment amount and tenure. The minimum deposit amount is BDT 100,000, and the depositor can choose to invest in BDT or using foreign currency. Customer Type: Mudaraba Savings/Al-Wadeeah Current Account Holders/Any Bangladeshi citizen (Age 18+) having any Deposit account with GIBL. If the deposit scheme is en-cashed before 12 (twelve) instalments; No benefit including interest will be given to the depositor and any accrued interest will be reversed in this case. In this article, we will discuss the 7 best monthly DPS schemes in Bangladesh. Customers who will use these two schemes can open a savings account with a minimum initial deposit of BDT 5,000 and then can make monthly contributions of at least BDT 500. At the end of the deposit tenure, customers have the opportunity to win a prize money of BDT 1 crore through a lottery system. Dutch-Bangla Bank has a wide range of retail products to meet your needs. The matured value / receivable amount of above Scheme Deposits can differ due to deductions as per Government rules. The interest rate on the deposits varies based on the deposit amount and the tenure chosen by the customer. For 5 years monthly deposit 14900/- taka , For 7 years monthly deposit 10100/- taka , For 10 years monthly deposit 6520/- taka , 5.06% for 5years,5.28 for 7 years & 5.48 for 10 years, 9/D Dilkusha Commercial Area, Tax at source. Automatic Fund Transfer (AFT) facility to scheme account from your Current/Savings Account. With a firm commitment of the economic and social development of Bangladesh, United Commercial Bank PLC (UCB) started its journey in mid 1983 and has since been able to establish itself as one of the largest first generation banks in the country. Disclosure on Risk Based Capital (Basel-III), Self Service Income Tax Return Proof Submission, Central Quick Response Team for Corona (Covid-19), You can become a millionaire in 4/5/7/10 years, Credit facility up to 90% of principal amount, Attractive Insurance Coverage (Up to Tk. phone :02222297310 , 09666712616, 16716. More than one account can be opened by the same depositor in the same branch. If a depositor fails to deposit any installment in time, he/she will be penalized with 2.00% per month on outstanding installment amount and must pay the installment(s) due as well as . This scheme will be very much helpful to implement a future plan successfully by small savings by the depositors. Other than the revisions mentioned above, all other features of the respective scheme deposit will remain unchanged until further notification. OBL Quick Millionaire is a premium DPS product designed for enthusiastic . On the other hand, the Confidence Scheme is designed to provide financial assistance to individuals for various purposes such as education, healthcare, and travel. At the end of the deposit tenure, the customer will receive a lump sum amount that can be used to fund their retirement plan. In case of providing credit facilities against scheme deposits opened from 01 February 2022, above stated interest rates are to be used in determining Minimum Lending rate. Fax: (+8802) 956 2346, 956 3662, , - , *** Maturity Amount showed here is subject to income tax and/or other levies. Customers can choose the one that best suits their needs based on interest rates, flexibility, and ease of account opening and finance management. If the deposit scheme is en-cashed after 12 (twelve) instalments (& before maturity of the scheme); the depositor shall receive interest at the prevailing savings account rate. City Bank is a commercial bank in Bangladesh that offers several fixed deposit schemes (DPS) with varying tenures and interest rates to help customers grow their savings. If the depositor wishes to withdraw the deposited amount before agreed term, the interest will be paid at prevailing savings rate but no interest will be paid if the depositor withdraws the deposited amount before 1(one) year. 24 th AGM; Quick Response Team (COVID-19) Unclaimed Dividend; With an asset of BDT 354.8 billion, Trust Bank is one of the leading Banks in Bangladesh right now. E-mail : share.unit@nblbd.com, Useful Link Site | Disclosure on Risk Based Capital (Basel-III) | Code of Conduct (NBL) | Code of Conduct (Bangladesh Bank) | Bank Note Security Features | Citizen's Charter Application of the nominee (If minor then by legal guardian), attested picture of the nominee by local chairman or ward commissioner & NID of nominee. Mudaraba Millionaire Deposit Scheme: Mudaraba Kotipoti Saving Scheme: . Kinso Store Creating The Future Of Grocery Retail In Bangladesh, Hi-Tech Parks In Bangladesh: Present Scenario & Future Prospects. Customers can choose from various tenures ranging from 1 year to 5 years. The amount will be paid to the nominee(s) with applicable interest as per banks rules and regulations. Board & Company Secretariat (Share Unit) More than one account can be opened by the same depositor in the same branch. Banglamotor, Dhaka-1000 The best monthly DPS scheme in Bangladesh is offered by The Grameen Bank and offers flexible terms as well as competitive interest rates on deposited funds up to BDT 100 million (USD 1 million). Free eye checkup facility for the scheme holder at Prime Bank Eye Hospital. Tel. with tenor-wise monthly installment is as follows: . Kotipoti Deposit Scheme : Pyramid Savings: Elegant Savings: Quick Millionaire : Probashi Shonchoy . The account will remain on halt (i.e. In case of Early encashment, Interest forfeiture will be as below: Closed Before One Year No Interest will be provided, Closed After one Year but before three Year- Interest at prevailing Savings Rate, Closed After 3 Years- 2% less than EBL Millionaire Rate, Maturity value is subject to proper and regular payment of the prescribed monthly installments. BRAC Bank also has a distinctive DPS service for women called Tara SME Deposits and customers can make regular deposits into their account on a monthly basis for a period of 3, 5, 7, or 10 years. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'businessinspection_com_bd-box-3','ezslot_8',113,'0','0'])};__ez_fad_position('div-gpt-ad-businessinspection_com_bd-box-3-0'); DPS can also help people plan for their retirement by providing a regular income stream after they retire. Free eye checkup facility for the scheme holder at Prime Bank Eye Hospital. 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