পদ্মা মৌসুম

Background:

Agriculture sector plays a huge role in the economy of Bangladesh. Most importantly, this sector generates employment for 40.6% labor force.

Our farming is intricately dependent on season. However, the farmers lack specialized short-term savings scheme for future. Now, to support our valued farmers in providing them an easy and attractive savings, a scheme titled, “পদ্মা মৌসুম” deposit scheme has been conceptualized for cherishing smile for farmers and activities related to farming in all seasons.

Objective:

  • To increase the Bank’s footprint in financial inclusion, specifically, to support Agri-sector

Target Segment:

  • Individual Aged: 18+
  • Bangladeshi
  • Farmers involved in three (3) major categories:
    1. Crops Sector
    2. Live-stock & Poultry
    3. Fisheries

Value Propositions at a Glance:

  • Minimum Installment: Tk 50 and Multiple
  • Maximum Installment: Tk 10,000
  • Flexible Short Tenor: 1/2/3 Years
  • Competitive Interest Rate: 9%-10%
  • Anytime Encashable (profit payable, conditions apply)
  • Attractive Interest Rate in CASA Tk 10 Account

Proposed Interest and Maturity Value Table:

 

Installment Size & Maturity Value

Year

Rate

50

100

500

1,000

2,000

3,000

4,000

5,000

10,000

1

9.00%

630

1,260

6,301

12,601

25,203

37,804

50,406

63,007

126,014

2

9.50%

1,326

2,653

13,263

26,526

53,051

79,577

106,103

132,628

265,256

3

10.00%

2,107

4,213

21,065

42,130

84,260

126,390

168,520

210,650

421,300

Unique Features:

  • No account maintenance charge in case of linked Tk 10 Account (applicable only for Tk 10 account)
  • No charge for missed installment
  • Up-to three (3) consecutive missed installments allowed and no interest, charge will be deducted after depositing the missed installments on the following month.
  • Flexible Premature Encashment Policy

Required Documents:

  • NID (preferred)/Passport/Any Photo Identity
  • Chairman/Ward Commissioner Certificate declaring Farmer/Ration Card/Agri Card/Smart Cards for Farmers

Filled in Application Form and necessary documents

For details, please contact your nearest branch or Padma Bank call center 16612