Monthly Benefit Scheme
Rate:
Principal Amount Monthly benefit Amount in Tk (before Tax) Duration Remarks
50000/- 350/- 3 Years The table mentioned beside is example of calculation of monthly benefit amount of Tk.50,000.00 and Tk.1,00,000.00. Monthly benefit for actual deposit amount will be calculated in proportion to the table mentioned beside. For instance, monthly benefit of Tk.5,00,000.00 will be Tk.(700X5)=Tk.3.500.00.
100000/- 700/- 3 Years
Terms & Conditions:
Benefit amount can be withdrawn in cash or can be transferred to customer's account without any fee.
In case of premature encashment no benefit will be given before 6 months but after 6 months benefit will be given at prevailing lower interest rate of savings account and the excess benefit already given to the customer shall be adjusted.
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 may continue it by submitting written application to the Branch/Bank or encash it according to premature encashment rule mentioned above.