Padma Triple Benefit Deposit Scheme (TBDS) is a special scheme where your money is tripled at the highest attractive rate in the industry. The product’s motto is “Secure your future and gain Economic Freedom”.
Features:
- Initial deposit or Principal will be tripled
- Tenure: 12 Years
- Interest: 9.60%
- Minimum Investment Amount: Tk 10,000
- Maximum Initial Deposit Amount: Tk 10,000,000 (1 Crore)
Target Customers:
- Retail Customers, Sole proprietors, Retail Traders and Sellers.
- This scheme can only opened in the name of an Individual. Institutional deposit is not allowed under the scheme.
Terms and Conditions:
- This scheme can only be opened by an individual (s). The scheme can be opened jointly.
- The scheme can be opened in any date of the month
- No institutional deposit is allowed under the scheme
- The customer will get the matured amount on the month after completing the tenure of the scheme.
- If premature encashment takes place before one (1) year no benefit will be provided. If premature encashment takes place after one (1) year but before maturity savings rate will apply.
- VAT, Excise duty and other applicable charges will be deducted as per the prevailing policy and rules.
- The scheme is not renewable.
- The Bank reserves the right to change any clause/conditions as and when required
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Tenure
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Interest Rate (%)
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9 Year 6 Months
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12.27%
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Requirements:
- All documents for opening a SB and Scheme account will be required.
Others:
- Loans and advances are allowed against 80% of the initial amount
