1.Any Bangladeshi National (Adult, sound-minded having bonafide income) and institutions/organizations incorporated and operating in Bangladesh who are not adjudicated as insolvent by any Court of Law of the land can open Fixed Deposits Account for fixed tenure with any amount but not less than BDT 10,000 (Ten thousand).

2. This account can be opened in the name of

•   Individual (Single).
•  Two or more persons (joint)
•  Sole Proprietorship Concern.
•  Partnership Concern (Firm).
•  Limited Companies (both Public and Private).
•  Society / Club / Association / Local Bodies / Govt. / Semi Govt. Organization, etc.

•  Two copies of recent passport size Photographs of account holder duly attested by the Introducer.
•   One copy of Passport Size Photograph of Nominee duly attested by the Account Holder.
•  Duly attested photocopy of valid Passport/Employer’s Certificate/ID Card/Driving Licence/Voter ID Card/National ID Card or Certificate about credentials by the local Ward Commissioner/Chairman of Union Parishad
•  Proof of address such as copy of utility bill viz. Electricity Bill/Land Phone bill/Cell Phone Bill/Gas Bill/WASA Bill, etc. in the name of applicants.
•  Tax Certificate (if any)
•  In case of non-personal entity, related documents need to be submitted

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.

•   Encashment at maturity:
•      Customer will get double the amount of deposit.
•   Encashment before maturity:
•      Before 6 months: Principal will be given back. Interest/benefit will not be allowed.
•      On or after 6 months: Principal plus benefit for completed month(s) only at the lowest prevailing rate of 6 months FDR.
•   Encashment after maturity:
•      Less than 1 month: Contract value of the scheme will be given. Interest/benefit will not be allowed for the days after maturity.
•      1 month to 6 months (inclusive): Contract value of the scheme plus interest/benefit will be given at the lowest prevailing interest rate of savings account for the completed months after the maturity.
•      More than 6 months: Contract value of the scheme plus interest/benefit will be given at the lowest prevailing interest rate of 6 months FDR for the completed months after the maturity.
•   Encashment at the death of the scheme holder
•      For the remaining period: Benefit will be given for the completed month(s) on ledger balance at the date of the death of scheme holder at the lowest prevailing interest rate of savings account to the nominee(s) or legal successor(s) after deduction of government dues.
•      For the period up to the date of death of scheme holder: Ledger balance (calculated based on scheme rate) will be given to the nominee(s) or legal successor(s) after deduction of government dues.