Periodic Return Term Deposit

Product
Summary

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.

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