Shikha– Icche

Term Deposit Scheme for Women

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Product Definition

A Term Deposit scheme where customers of all female customer segments are eligible to earn interest for the tenure of 3 to 18 months, 24 months and 36 months. From this product customer can earn an attractive interest at the time of maturity.

Core Benefits

  • Higher rate of interest to our female customer segment
  • Opportunity for short and long term investment
  • Interest withdrawal will be at the end of maturity

Term Deposit


Shikha– Icche

A term deposit scheme targeting to our valued female group to leverage the deposit collection. This scheme offers a special interest rate of 0.25% higher than our regular term deposit product to motivate female customer segment. Shikha Icche (Classic and Shohoj Sanchoy) Term Deposit is a term deposit product that offers to our prospective female customers allowing them to earn interest as the product is designed for the customer’s flexibility to choose their own tenure for 3 to 18 months, 24 months and 36 months based on their requirement. Interest will be received at the time of maturity.

Why Choose

LankaBangla Shikha– Icche

  • Minimum deposit balance BDT 50,000/=
  • Tenor will be 3 to 18 months/24 months/36 months
  • Interest will be calculated on Simple interest basis. Interest will be cumulate only at the time of maturity.
  • Any credit facility to be governed by the personal Loan PPG regarding Secured Loan/SOD)
  • Term deposit can be renewed on maturity for the same tenor but at prevailing rate of interest (Approved by ALCO)
  • Opportunity for short and long term investment
  • Higher rate of interest to our female customer segment
  • Interest withdrawal will be at the end of maturity.
  • SOD up to 90% of principle amount or principle along with cumulative interest
  • Loan/SOD processing charge free

  • Applicant’s one photo (passport size studio print photo) and NID/ passport/ driving license photocopy
  • Nominee’s one passport size studio print photo with NID/passport/driving license photocopy
  • Applicant’s E-TIN certificate
  • Payable interest amount is subject to Tax Deduction at Source (TDS) and Excise duty as per Government rules and regulations and interest will be paid through pay-order/ account payee cheque / credited to client’s mentioned bank account through BEFTN, RTGS etc
  • LankaBangla’s interest expense account will be debited for onward payment of interest to the client

Encashment: Encashment and Premature encashment as per our conventional approved policy

Regulatory Requirement: The product will comply with exiting internal and external regulations of the country.

Government Levy/Excise Duty:As per government regulatory policies

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