Padma Bank

A product for Professionals who go the extra mile

Objective:

To attract high deposit niche of customers who are looking for lucrative profitable rate

Target Segment:

The account can be opened by Certified Professionals/individuals employed in Government organizations, Corporate Bodies, Semi-Government institutions, Autonomous Organizations, MNCs, Cooperative society, NGOs etc., specifically:

• Doctors
• Engineers
• Architects
• Chartered Professionals

Any certified professionals under the purview of this FD have the opportunity to invest.

Core Features of the Account:

•  Nature: Fixed Deposit  
•  Minimum Deposit Amount: BDT 50,000 and its multiple; no upper ceiling
•  More than One (1) account can be opened
•  Tenor: 125 Days Maturity
•  Interest: 8.00% to 9.50%
•  Mode: Auto-renewal

Padma Professionals FD (125 Days)	Proposed Rate
Up-to BDT 100,000	8.00%
BDT 100,001 to BDT 5 Lac	8.50%
BDT 5 Lac+ to BDT 25 Lac	8.75%
BDT 25 Lac+ to BDT 50 Lac	9.00%
BDT 50 Lac+ to BDT 1 Crore	9.25%
BDT 1 Crore+	9.50%

 

Loans/Advance Facilities:

• Secured Overdraft (SOD) is available
• Padma Professionals 125 days can be considered as security for Home Loan/Personal Loan/Car Loan/other loans etc.

Account Opening Requirement:

• Documents required for CASA and FDR will apply
• Employment (Employee ID/Pay Slip/Recent Bank Statement etc. any acceptable documents proving certification/employment)