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

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