Monthly Money Maker
Monthly Money Maker Scheme is a special type of Fixed Deposit Account which provides the applicant with monthly interest accrued from
the Fixed Deposit to the applicant's savings/current account. The key features of this product are:
| Deposit Amount: |
In multiples of Tk.50,000.00 (Taka Fifty Thousand Only). |
| Initial Deposit Date: |
Any day of the month. |
| Interest Due: |
One month after the initial deposit date, the interest will be credited to the savings/current account. |
| Savings Account: |
Clients must have or open a savings/current account through which initial deposit will be collected.
The monthly interest accrued on the deposit will be disbursed to the client through this savings/current account. |
| Interest Payout Mode: |
Interest payout mode should be transfer to savings/current account. |
| Interest Payout Frequency: |
Interest Payout Frequency should be monthly. |
| Auto Closure of Account: |
The account will immediately cease to operate in case of death of the depositor. |
|
| Amount |
Monthly Amount |
Monthly Amount After deduction of Tax @ 10% |
Monthly Amount After deduction of Tax @ 15% |
Tenor |
Interest Rate |
| Tk.1,00,000.00 |
958.33 |
862.50 |
814.58 |
1 Year |
11.50% |
| 1000.00 |
900.00 |
850.00 |
3 Years |
12.00% |
| 1041.67 |
937.50 |
885.42 |
5 Years |
12.50% |
