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.
|8 Years||6900||10 Years||4900|
Benefit will be given at the rate of up to 0.50% higher than usual rate of scheme.
Installment can be deposited in any branch or the agent point of the bank by cash or transfer from customer’s account upon instruction. Any number of installments can be deposited in advance.
Depositor may avail credit facility against deposited amount or encashment value of the scheme according to credit policy of the bank.
Any teacher will be allowed to open any number of this scheme in his/her own name or jointly by depositing first installment at any working day. 2nd and subsequent installments must be deposited within 28th of every month. If 28th day of the month is holiday, installment must be deposited at previous working day.
Proof of special identity shall be obtained in addition to usual documents to open this scheme.
In case of failure to deposit installment in due time, depositor will have to pay 2.50% late fee with overdue installment for each month.
If depositor fails to deposit six consecutive installments then scheme will be closed.
All government tax, levy, duty or surcharge etc. applicable to the scheme will be deducted from encashment value of the scheme.