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Shikha Projjolon

Double and Triple Money Term Deposit Scheme for Women

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Product Definition

A Term Deposit scheme where customers of female customer segment are eligible to make their investment amount double or triple upon the completion of the maturity period.

Core Benefits

  • SOD up to 80% of principle amount
  • Loan/SOD processing charge free
  • Opportunity for long term investment

Double and Triple Money

Term Deposit Scheme

Shikha Projjolon

SHIKHA - Double and Triple Money Term Deposit is targeted to our valued female group to leverage the deposit collection for long term investment. This scheme is offered to motivate female customer segment for secured future. The product will be mainly targeted to those who would like to get a handsome return on their initial investment. The product would especially cater to the requirements of housewives and female young professionals who want to secure their future. Minimum amount required to open a Double Money or Triple Money Deposit scheme is BDT 50,000 and the investment would be doubled or tripled after maturity.

Why Choose

LankaBangla Shikha Projjolon

  • Minimum deposit balance BDT 50,000/=
  • Any credit facility to be governed by the personal Loan PPG regarding Secured Loan/SOD)
  • Term deposit can be renewed at the time of maturity at prevailing tenure (Approved by ALCO)
  • Opportunity for long term investment
  • Offers less tenure to make initial deposit amount doubled or tripled to our female customer segment
  • SOD up to 80% of principle amount
  • 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

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