Super Benefit Deposit Scheme (SBDS)” is a Monthly Income Scheme where an individual receives a regular handsome monthly income.
Features:
- No upper limit.
- Bangladeshis living abroad may also open this account for providing fixed amount of income to their dependent/families residing in Bangladesh.
- Deposit Amount: BDT 50,000 and its multiple.
- The full amount of deposit will be returned to the Depositor(s) at the end of the year or auto renewal for next term.
- SOD (Secured Overdraft)/SL (Secured Loan) Loan facility against lien/pledge on such receipt may be allowed up to 80% of the deposit. During the period of such SOD/SL, the monthly income will be credited to the concerned loan account.
- In case of death, the amount will be payable to the nominee. In absence of the nominee, the amount will be payable to the legal heirs of he depositor on production of succession certificate.
- The monthly income may be credited to the savings/current account of the depositor(S) maintained with the Branch.
The Maturity Value Table is provided in the below table:
|
SL
|
Tenure
|
Interest Rate (%)
|
Profit
(Before Tax)
|
Profit
(After Tax)
10%
|
|
1
|
1 Year
|
13.34%
|
Tk. 1,111.67
|
Tk. 1000
|
|
2
|
2 Year
|
13.34%
|
Tk. 1,111.67
|
Tk. 1000
|
* Excise duty, Income Tax & VAT on Interest will be deducted at source.
Target Customers:
- It is for the account holder who wants to get benefit every month against his/her investment.
- At maturity, the account holder shall get back his/her full investment.
- Customer segment: 18+ years.
Terms and Conditions:
- CASA account required while opening the scheme.
- In case of premature encashment, after 6 (Six) months he/she will get savings rates, but before 6 (Six) months no interest will be paid.
- An account cannot be transferred from one branch to another branch. However, a client will have the option to collect the income/principal via bank’s collection mechanism and bank’s usual charge will apply (if any).
- All other terms and conditions as per opening of an account will apply.
