The Product has been designed to target the different government agencies along with large corporate bodies, semi government organization, Universities, NGO's and different individual along with different proprietorship concern. The main features of the product is to attract the mentioned clients though compounding of interest for a period of 3/6/12 months.
Target Group:
High net worth Corporate clients, lndividuals and Proprietorship concerns.
Amount:
Minimum amount BDT 1(one) crore and above.
Product Nature & Purpose:
By nature it's a Term Deposit account for the tenor of 3/6/12 months in which interest will be compounded at monthly basis.
Product features:
Tenor 3/6/12 months .
Minimum amount BDT 1(one) crore and above.
Interest rate: 5.00% p.a or as may be decided by ALCO from time to time
Interest cycle: monthly compounding.
Additional features:
For any premature encashment client will be entitled for Interest of 4% p.a or as may be decided by the management from time to time. However, to be eligible for 4% interest rate p.a the client require to invest the fund for tenor of minimum one month.
All the necessary government charges will be deducted as per the prevailing laws.
Special Condition:
There will be an option for the clients to open Money Rotator account below BDT 1(one) crore, in such case, opening of one OBL Gold & Silver Savings accounts will become mandatory for the client.
