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 (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.
