Fixed Deposit

Unlike CD, SND and SB account, Branch shall accept deposit of fixed amount of money from the customers for a fixed period of time with interest under the term plan time to time. FDR is neither Transferable nor Negotiable and as such payment against this instrument with interest shall normally be made to the depositor on maturity. Payment against FDR can also be made to nominee or assignee after observing essential formalities.

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. Fixed Deposit 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.
Particulars Tenor Rate(%)
Any Amount 1 Month 5.50%
Less than Tk.100.00 Crore 3 Months 6.00%
Tk.100.00 Crore and above 3 Months 6.00%
Less than Tk.100.00 Crore 6 Months 7.50%
Less than Tk.100.00 Crore 12 Months 8.50%
Tk.100.00 Crore and above 6 Months 8.50%
Any amount 2 Years 8.75%
Any amount 3 Years 9.00%
  •  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
  •   Auto renewal: The deposit under this scheme is auto renewable. For auto renewal, prevailing terms and conditions in point of time shall be applicable.
  •   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.

Premature encashment before completion of 1 month

No benefit will be given.

Premature encashment after completion of 1 month but before completion of 3 months

Benefit will be given for only completed month(s) at the lower rate between the prevailing/present rate of 1 month FDR and the rate by adding 0.50% with the present lowest rate of Saving Deposit (SB) Account. No benefit will be given for fraction period of the month.

Premature encashment after completion of 3 months but before maturity

Benefit will be given for only completed month(s) by adding 0.50% with the present lower rate of Saving Deposit (SB) Account. No benefit will be given for fraction period of the month.

*Net payable amount shall be calculated by deducting govt. charges (if applicable).