Padma Bank

Kotipoti Deposit Scheme is a high value savings scheme for secured future.

Features:

•  Flexible Tenures of 4/5/6/8/10/12/15 years.
•  A person can open more than one account for different amount of deposits at any branch of the Bank.
•  The depositor will have the option to choose any installment at the time of opening of an account that cannot be changed afterwards.
•  The first installment may be deposited at any date of the month but subsequent instalments shall have to be deposited by the 10th day (in case of holiday next working day) of every month.
•  SOD/SL facility of 80% of the deposited principal after 6 months of the scheme, but minimum amount must not be less than Tk. 1,00,000/-

The Maturity Value Table is provided in the below table:

 

Tenure (Year)	Interest Rate	Monthly Installment (in BDT)	Matured Amount (in BDT)
4	10.00%	1,68,900.00	1.00 Crore
5	10.50%	1,26,350.00
6	11.00%	97,800.00
8	11.50%	63,355.00
10	12.00%	43,050.00
12	12.50%	29,910.00
15	13.00%	17,996.00

Target Customers:

This product is for you if you want to realize your dream of becoming a Kotipati in the long run with high attractive rate. It will also ensure your financial well-being and start saving a significant portion of your income to secure your future.

Terms and Conditions:

• As per existing terms and conditions for other deposit schemes.
• VAT, AIT will be deducted as per prevailing rate and regulation of the Government.
• For any further query please contact your nearest Padma Bank Branch or call 16612

Requirements:

•  As per account opening guidelines of the Bank.

Eligibility:

•  Age Limit: 18-65 Years.
•  This account can be opened by Individual/Joint/Non Resident Bangladeshi.