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- Monthly Benefit Scheme is a term deposit scheme and offers monthly return on the customer’s fixed deposit over a certain period.
Amount
- Minimum Tk. 50,000 or any multiple amount of Tk. 50,000.
- There is no maximum deposit limit.
Interest Rate
- Competitive Interest Rate (As per Bank’s prescribed rate fix from time to time).
Tenure
- 6 / 12 / 24 / 36 / 48 / 60 Months .
Facilitates
- Customers can open multiple Monthly Benefit Scheme (MBS) accounts.
- Pre-maturity encashment is available.
- Credit facility against Monthly Benefit Scheme (MBS) up to a maximum of 90% of the deposit value.
- Monthly profit / interest will be transferred to the customer’s Savings Account.
Joint Account
- Monthly Benefit Scheme (MBS) Account can be opened in joint names.
Required documents
- One copy of a recent passport-size photograph of the account holder.
- One copy of a recent passport-size photograph of the nominee.
- A valid photo ID of the account holder (such as NID, Passport, Driving License, etc.).
Fee & Charges
- As per prevailing schedule of charges of the Bank. (If applicable)