| 10. |
The monthly installment shall be payable by the 8th
day (in case of holiday the next working day) of every month. Advance payment of any
number of installments is acceptable. |
| 11. |
When a depositor fails to deposit any
installment, he/she will have to pay a fine @5% of the overdue
amount payable at the time of depositing the next
installment or maximum Tk. 500/-. |
| 12. |
When a depositor fails to pay 3 (three)
consecutive installments at any point before five years term,
the customer will cease to remain
within the purview of the scheme and scheme will be treated as a Savings
Bank deposit
and interest will be paid on the deposited amount at prevailing
SB account rate subject to completion of 1 (One) year of its
opening. |
| 13. |
Loan may be allowed up to 80% of the deposited
amount against lien on the same after at least 2 (Two) years of
regular payment of installments and minimum limit of the loan
shall be Tk. 50,000/-. |
| 14. |
In case of death of a depositor, the account
will cease to be operative and the amount deposited so far shall be paid to the nominee,
and in absence of nominee, to the legal heirs of the deceased as
per rules in force. |
| 15. |
The Bank at its discretion may allow
inter branch transfer of the A/C under the Scheme. |
|
16. |
The clients are encouraged to give
standing instructions to the Bank to deposit the monthly
installments, debiting their CD/SB accounts maintained with the
concerned Branch. In that case, no charge will be realized
for such service. |
|
17. |
Normally no statement of the account
will be served to the depositor, in case of need of any
depositor, charge @ Tk. 10/- per year / per statement shall be realized as
cost of paper. |
|
18. |
At the time of opening account under
CSS customer shall refer his/her SB account number for
transferring his/her pension amount or may open SB A/C at the
time of maturity for getting monthly pension amount. |
