Monthly Benefit Deposit Scheme

Monthly benefit scheme is designed to provide benefit on monthly basis against a one-time deposit. Customer is allowed to open this scheme in his or her own name or jointly or in name of in name of institution or organization by depositing any amount of Tk 50,000 or its multiple. Tenor of the scheme is 1 year and 2 years. Benefit will be given upon completion of each month until completion of tenor. Principal will be given back to the customer upon maturity or encashment of the scheme.

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 this scheme in his/her own name or in joint name or in name of organization by depositing any amount of Tk. 50,000 or its multiple.

  •  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.
  •   Tenor of the scheme is 2 or 3 years.
  •   Benefit will be given upon completion of each month up to maturity.
  •   Renewal of the scheme is not applicable.
  •   Benefit amount can be withdrawn in cash or can be transferred to customer’s account without any fee.
  •   All government tax, levy, duty or surcharge etc. applicable to the scheme will be deducted from encashment value of the scheme.
Account Opening Tutorial