Periodic Return Term Deposit is a term deposit product offered to Retail customers allowing them to earn interest on a Monthly, Quarterly, Half Yearly & Annually basis. The unique feature of this product is that interest income is given on a Monthly, Quarterly, Half Yearly & Annually basis instead of at the end of the term generating a better return. The product would be mainly targeted towards those clients especially pensioners, who would like to invest their service end benefits or others this type scheme where they can ensure a Monthly, Quarterly, Half Yearly & Annually income flow. Minimum amount required to open a Periodic Return Term Deposit is BDT 100,000. Periodic Return Term Deposit can be opened for 3 months, 6 months, 12 months, 24 months & 36 months.

What are the

  • Bangladeshi nationality
  • Individual both singly or jointly
  • Institution

Required Documents
for Applying

For Individual Customer:
  • Duly filled application form
  • Photograph of applicant(s)
  • Photograph of nominee(s) (Attested by applicant)
  • Copy of National ID (NID)/ Passport/ Driving License) (For each applicant and nominee)
  • Copy of document proofing latest income tax return (If applicable)
  • Document supporting source of income
  • Other documents (If required)

Additional document for Institutional Customer:

For proprietorship/ Partnership entities:
  • Copy of Trade License
  • Copy of partnership deed (if applicable)
  • Other document (If required)
For Limited company:
  • Copy of Memorandum & Article of association (MoA)
  • Forwarding letter
  • Board resolution
  • Information of directors
  • Other document (If required)
For Trust/Association/Charity/Club:
  • Certified copy of the Constitution/By-Laws/Trust Deed/Memorandum & Articles of Association
  • Certificate of Registration of the Association/Club/Charity/Trust
  • Extract of Resolution of the Association/Club/Charity/Trust/Society

Fees &

  • Taxes & excise duty as per government rules.