| 01. |
The Scheme shall
be implemented through all the branches of Prime
Bank Limited. |
| 02. |
Deposit
of Tk. 25,000/- (Taka twenty five thousand)
and multiplies thereof but maximum limit of
Tk. 25,00,000/- (Taka twenty five lac) at a
time will be acceptable under the scheme. |
| 03. |
The
instrument shall be issued for 06 (six) years
term. |
| 04. |
At
maturity after 06 (six) years double the amount
of deposit will be paid to the depositor. |
| 05. |
Photograph
of Nominee, duly attested by the depositor, shall
be obtained at the time of opening the account. |
| 06. |
Normally
no withdrawal will be allowed before maturity.
But if any depositor intends to withdraw his
deposit before maturity, the following rules
will apply: |
| |
a) |
No
benefit including interest/profit shall be allowed
for pre-mature encashment within one year. |
| |
b) |
If
the accounts / deposits are closed / encashed
after one year of its opening, benefit shall be
allowed on the deposit at normal Savings Deposit
rate. |
| 07. |
The
instrument will be acceptable as collateral
security against any investment subject to registering
lien with the issuing branch. |
| 08. |
In case of death
of a depositor, the amount of instrument will
be paid to the nominee, to the legal heirs of
the depositor on production of succession certificate.
|
| 09. |
In
case of instrument is lost the procedure for the
issuance of a duplicate receipt will be the same
as applicable in case of loss of FDR. |
| 10. |
Under
the scheme depostior can get free insurance facility. |
| 11. |
Insurance
coverange is only applicable to personal accident
and serious illness related insurance policy. |
| 12. |
Depostor
can take loan aginst his/her deposit under this
scheme. |
| 13.. |
At present
no income tax will be deducted from the interest
earned. But in future for any change in the government
policy Bank reserves the right to deduct income
tax. |
