OBPLC School Savers

OBPLC School Savers is a monthly recurring deposit scheme with free insurance coverage for the students under School Banking.

Features:

• Insurance coverage facility to cover the risk of death or permanent total disability of an insured parent or legal guardian
• Insurance benefit up to BDT 10,00,000/-
• Free insurance coverage facility for the customer. Bank will bear the insurance premium
• Student will receive insurance benefit in addition to principal deposited amount
• Maximum 90% Loan facility for parents
• Flexible installment size and tenure
• Automatic realization of monthly installments
• Rate of Interest is
  • 3 years - 9.50%
  • 5 years - 10.00%

Eligibility:

• Applicant age must be from 6 years to below 18 years with prior permission of parent/ legitimate guardian