|
01. |
Minimum size of
monthly installment shall be Tk. 500/- and multiplies of Tk.
1000/-. Maximum installment size shall be Tk. 25,000/- |
|
02. |
The Deposit shall be for a period of 5 years. |
|
03. |
Lump sum amount
shall be paid after maturity or monthly Pension shall be paid
for the next 5 years according to the size of deposit. A brief
chart of lump sum amount and monthly pension installments
payable are shown below: |
|
| Size of monthly deposit (Taka) |
Terminal value after 5
years (Taka) |
Pension for next 5 years
(Taka) |
|
500/- |
40,000/- |
870/- |
|
1,000/- |
80,000/- |
1,739/- |
|
2,000/- |
1,60,000/- |
3,478/- |
|
3,000/- |
2,40,000/- |
5,217/- |
|
4,000/- |
3,20,000/- |
6,956/- |
|
5,000/- |
4,00,000/- |
8,695/- |
|
6,000/- |
4,80,000/- |
10,434/- |
|
7,000/- |
5,60,000/- |
12,173/- |
|
8,000/- |
6,40,000/- |
13,912/- |
|
9,000/- |
7,20,000/- |
15,651/- |
|
10,000/- |
8,00,000/- |
17,390/- |
|
11,000/- |
8,80,000/- |
19,129/- |
|
12,000/- |
9,60,000/- |
20,868/- |
|
13,000/- |
10,40,000/- |
22,607/- |
|
14,000/- |
11,20,000/- |
24,346/- |
|
15,000/- |
12,00,000/- |
26,085/- |
|
16,000/- |
12,80,000/- |
27,824/- |
|
17,000/- |
13,60,000/- |
29,563/- |
|
18,000/- |
14,40,000/- |
31,302/- |
|
19,000/- |
15,20,000/- |
33,041/- |
|
20,000/- |
16,00,000/- |
34,780/- |
|
21,000/- |
16,80,000/- |
36,519/- |
|
22,000/- |
17,60,000/- |
38,258/- |
|
23,000/- |
18,40,000/- |
39,997/- |
|
24,000/- |
19,20,000/- |
41,736/- |
|
25,000/- |
20,00,000/- |
43,475/- |
|
|
04. |
At present Income Tax on interest will not be
applicable but in future for any change in Govt. rule of
taxation, the Bank reserve the right to deduct Income Tax. |
| 05. |
The depositor will have the option to choose
any installment size at the time of opening of an Account and will not be allowed to change the
size of installment afterwards. |
| 06. |
Account in the name
of minors can be opened too under the Scheme. |
| 07. |
A person can open more than one account for
different size of installments at any branch of the Bank. |
| 08. |
The specified amount on maturity at any slab
shall be paid after one month from the date of deposit of the final installment.
|
|
09. |
Normally no withdrawal shall be allowed before
maturity. But, if any depositor intends to withdraw his/her savings due to certain
unavoidable reasons before 5 years, he/she will be allowed to do so, in the
following manner: |
|
| a. |
No benefit or interest shall be allowed for
pre-mature encashment within one year. |
|
b. |
If the account is closed after one year of its
opening, interest shall be allowed on the deposit at
prevailing Savings Deposit rate. |
|
|
