Cautionary notice against illegal online forex trading/dealing | Disclosures on Risk Based Capital (Basel-III)
 
OBL School Savers
OBL 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 – 7.50%
- 5 years – 7.50%
 
Eligibility:
Applicant age must be from 6 years to below 18 years with prior permission of parent/ legitimate guardian
Deposit Products