Deposit Scheme
Alternate Savings Instrument
Attractive interest rates
Formal documentation
Proceeds to finance assets fixed in nature
Union Capital accepts term deposit receipts (TDR) in an effort to encourage savings among depositors. As part of the scheme, Union Capital welcomes interested institutions and individuals for deposit of funds. The TDR is offered at competitive terms, and the proceeds are exclusively used for Union Capital's lease financing business.
 
Minimum amount to deposit is Tk 10,000. The depositor is required to maintain the TDR for a minimum period of 12 months for individuals and 6 months for Institution. Union Capital offers attractive interest rates subject to the amount and tenure of deposits. The rates are given below:

Instrument

TDR Amount

      Period

Rate (%)

 

Term Deposit Receipts (TDR)

Upto BDT 1 Crore

 

 6 months

9.50% p.a
1 year & above

9.75% p.a

Above BDT 1 Crore

 

 6 months 10.00% p.a
1 year & above 10.25% p.a
Double Money Deposit (DMD) Min. BDT 10,000.00 6.5 year N/A
Triple Money Deposit (TMD) Min. BDT 10,000.00 9.75 year N/A

Union Capital is authorized to take term deposits under the Financial Institution license granted by the Bangladesh Bank.