Padma Bank

Target Deposit Scheme (TDS) is a deposit scheme where the customer gets their returns within a short period.

Features:

•  Customer will set their desired amount
•  Product tenure designed with 1 (One) year according to customer’s target plan and eligibility
•  Account can be opened by Individual/Jointly/Non Resident Bangladeshi.
• Age Limit: 18- 65 years.
•  A person can open more than one account for different or same amount of deposits at any branch of the Bank.

The Maturity Value Table is provided in the below table:

SL	Tenure	Interest Rate (%)	Monthly Installment (in BDT)	Desired Amount (in BDT)
1	1 Year	9.50%	80.00	1,000.00
2			792.00	10,000.00
3			1,979.00	25,000.00
4			3,958.00	50,000.00
5			7,915.00	1,00,000.00
6			39,575.00	5,00,000.00
7			79,145.00	10,00,000.00
8			7,91,410.00	1,00,00,000.00

Target Customers:

The TDS is designed for those individuals who want return at the earliest tenure.
 

Terms and Conditions:

•  For any further query please contact your nearest Padma Bank Branch or call 16612