Shikha Obiroto

Periodic Return Term Deposit Scheme for Women

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Product Definition

A Term Deposit scheme where customers of all segments are eligible to earn interest on a Monthly, Quarterly, Half Yearly & Annually basis

Core Benefits

  • Higher rate of interest to our female customer segment
  • Opportunity for short and long term investment
  • Loan/SOD processing charge free

Periodic Return Term

Deposit Scheme

Shikha Obiroto

A term deposit scheme targeting to our valued female group to leverage the deposit collection. This scheme offers a special interest rate of 0.15% higher than our regular term deposit product to motivate female customer segment. Obiroto Periodic Return Term Deposit is a term deposit product offered to our prospective female customers allowing them to earn interest on a Monthly, Quarterly, Half Yearly & Annually basis to generate a better return.

Why Choose

LankaBangla Shikha Obiroto

  • Minimum deposit balance BDT 50,000/=
  • Tenor will be 12 months/24 months/36 months
  • Interest will be calculated on cumulative basis
  • 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)
  • In case of Annually terms 12 months, principal with annual interest can be renewed as per customer request at the time of maturity
  • Opportunity for short and long term investment
  • Higher rate of interest to our female customer segment
  • Monthly, Quarterly, Half Yearly & Annually interest withdraws facilities
  • SOD up to 90% of principle amount or principle along with cumulative interest
  • Loan/SOD processing charge free
  • KFC food coupon, Aarong shopping vouchers, Gift vouchers from electronics outlet, Aagora, Shwapno etc. If fresh deposit amounts Tk. 500,000 and above

  • 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