Under this scheme deposited amount will be tripled at 10 years 10 Months.
Any teacher will be allowed to open this scheme in his/her own name or in joint name by depositing at least Tk 10,000.
|Period||Principal and yearly payable amount||Remarks|
|1 Year||10,800||The table mentioned beside is an example of calculation of yearly payable amount on principal amount of Tk. 10,000. Yearly payable for other amount will be calculated in proportion to the table mentioned beside.|
|10 Years 10 Months||30,000|
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.