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Periodic Income Deposit

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Periodic Income Deposit can be divided into two parts:

 

  • Monthly Income Deposit (MID) Scheme

 

Monthly Income Deposit (MID) Scheme is a special deposit scheme, where a person will get a certain some of money at the end of every month. While the deposited principal amount remain untouched.

Features & Benefits:

  • A person having a sound mind can open the scheme singly or jointly or in the name of institution for Tk. 1 (One) lac and its multiple.
  • The tenure of the scheme is 1 (One) year.  
  • The account holder can avail credit facility up to maximum 90{98b3a72ee58f083be5cba22976bae95ef3c090c904d629387525f3b9814234bc} of the deposit amount against lien on the balance amount of the respective account at 2.00{98b3a72ee58f083be5cba22976bae95ef3c090c904d629387525f3b9814234bc} higher than the deposit scheme rate.
  • Premature encashment may be allowed only after expiry of minimum 3 (three) months. In such cases, interest will be calculated at least 2.00{98b3a72ee58f083be5cba22976bae95ef3c090c904d629387525f3b9814234bc} less than the prescribed rate, which will be applicable for the period completed.
  • The interest is payable subject to deduction of excise duty, withholding tax etc. as imposed by the government from time to time.

 

 

  • Quarterly Income Deposit

 

Quarterly Income Deposit (QID) Scheme is a special deposit scheme, where a person will get a certain some of money at the end of every quarter. While the deposited principal amount remain untouched.

Features & Benefits:

  • A person having a sound mind can open the scheme singly or jointly or in the name of institution for Tk. 1 (One) lac and its multiple.
  • The tenure of the scheme is 1 (One) year.  
  • The account holder can avail credit facility up to maximum 90{98b3a72ee58f083be5cba22976bae95ef3c090c904d629387525f3b9814234bc} of the deposit amount against lien on the balance amount of the respective account at 2.00{98b3a72ee58f083be5cba22976bae95ef3c090c904d629387525f3b9814234bc} higher than the deposit scheme rate.
  • Premature encashment may be allowed only after expiry of minimum 3 (three) months. In such cases, interest will be calculated at least 2.00{98b3a72ee58f083be5cba22976bae95ef3c090c904d629387525f3b9814234bc} less than the prescribed rate, which will be applicable for the period completed.
  • The interest is payable subject to deduction of excise duty, withholding tax etc. as imposed by the government from time to time.