Double Benefit Deposit Scheme (DBDS)
Objectives:
Give maximum benefit.
Help in meeting specific needs like education, marriage etc.
Deposit becomes double in 8 years.
Mode:
Tenure of the deposit is 8 years.
Rates :
Amount of Deposit Period Amount Payable
1,00,000 8 years 2,00,000
Terms & Conditions :
Customers will be allowed to open this scheme in his/her own name or jointly by depositing any amount of Tk. 10,000 or its multiple.
In case of premature encashment no benefit will be given before one year but after one year benefit will be given at prevailing bank rate + 3.50%.
Depositor may avail credit facility against deposited amount or encashment value of the scheme according to credit policy of the bank.
All government tax, levy, duty or surcharge etc. applicable to the scheme will be deducted from encashment value of the scheme.
In case of death of the account holder, the nominee can continue it by submitting written application to the Branch/Bank or encash it according to premature encashment rule mentioned above.