Padma Triple Benefit Deposit Scheme (TBDS) is a special scheme where your money is tripled at the highest attractive rate in the industry. The product’s motto is “Secure your future and gain Economic Freedom”.
Target Customers:
Retail Customers, Sole proprietors, Retail Traders and Sellers.
This scheme can only opened in the name of an Individual. Institutional deposit is not allowed under the scheme.
Core Features of Padma Triple Benefit Deposit Scheme (PTBDS)
- Initial deposit or Principal will be tripled
- Tenure: 17 Years 6 Months
- Minimum Investment Amount: Tk 10,000
- Maximum Initial Deposit Amount: Tk 10,000,000 (1 Crore)
Unique Selling Proposition (USP)
- Loans and advances are allowed against 80% of the initial amount
Terms and Conditions:
- This scheme can only be opened by an individual (s). The scheme can be opened jointly.
- The scheme can be opened in any date of the month
- No institutional deposit is allowed under the scheme
- The customer will get the matured amount on the month after completing the tenure of the scheme.
- If premature encashment takes place before one (1) year no benefit will be provided. If premature encashment takes place after one (1) year but before maturity savings rate will apply.
- VAT, Excise duty and other applicable charges will be deducted as per the prevailing policy and rules.
- The scheme is not renewable.
- The Bank reserves the right to change any clause/conditions as and when required
Requirements for Opening the Account
- All documents for opening a SB and Scheme account will be required.
