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 2019 2018
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(CRAB)
Based on the Financials of the year ending December 31, 2018 Valid up to June 30 2021