Protiva
Secured Money Builder

Protiva - Secured Money Builder is a child centric deposit scheme ensures a secured future of a child with triple benefit.

Product Details

This product creates an opportunity to build up savings by setting aside small amounts from monthly earnings with special interest rate of 0.25% higher than our Swasti - Secured Money Builder Deposit (SSMB) including Life Insurance coverage to get total maturity value of the scheme in case of death or permanent disability (accidental) of the legal guardian and/or joint applicant at any time for any reason.

  • Lankabangla Finance will pay the Insurance Premium on behalf of the esteemed customer.
  • An equal amount of money of maturity value of your account will be included in the insurance facility through this scheme. As a result your child will get the Assurance of full payment of maturity value in any unforeseen event.
  • Customer can enjoy loan up to 80% of the deposited amount.
  • There are tax rebate benefits as per government policy.
  • Benefit of paying preferred monthly installments.
  • The benefit of providing Monthly installment through auto Debit (DDI) from customer's own bank account or Direct deposit at Lankabangla Nominated various banks or through mobile banking app.
  • Properly filled and signed application form.
  • 02(two) copies of newly taken Passport size photo of both Customer and Legal Guardian ( Photographs of Legal Guardian should be attested by customer).
  • Copies of Customer's and Nominee's National Identity Card/ Passport / Birth Certificate.
  • Copies of e-Tin certificate (if any).
  • Properly filled and signed application form.
  • The minimum scheme is BDT.500 and the maximum scheme is BDT.12,500.
  • Only 1 to 18 year old Bangladeshi citizens are eligible for this scheme.
  • A customer can open any number of accounts in a single name or in joint names, however, the total amount of maturity value of all accounts must not exceed BDT. 10,00,000(Ten lac Taka) only.
  • Good Health Declaration letter according to the format provided by our designated life insurance company.

Mobile Financial Services(MFS)/Digital Financial Services(DFS):

  • Dmoney, Bkash, Ucash, SureCash, Ipay
  • DDI (Direct Debit Instruction) from customer bank account with any bank with any branch
  • One Bank (all Branches, LankaBangla Account Number 0185163089019)
  • For details: https://www.lankabangla.com/payment-solutions/

DFS/MFS Service Charges:

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Particulars 2021 2020
Long Term AA3 AA3
Short Term ST-2 ST-2
Outlook Stable Stable
  • AA3

    Very strong capacity
    Very high quality
    Very low credit risk

  • ST-2

    High grade
    Strong capacity
    Commendable liquidity

Rated by Credit Rating Agency of Bangladesh Limited(CRAB)
Based on audited financial statements up to December 31, 2020, unaudited financial statements as of March 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration (July 19, 2021)
Valid up to June 30, 2022