| 01. |
The tenor of the
House Building Deposit Scheme will be 5/7/10 years. |
| 02. |
Minimum Equity
building amount shall be Tk. 10.00 lac. |
|
|
|
Size of monthly deposit in
Tk.
(without Insurance)
|
Size of monthly deposit in Tk.
(with Insurance)
|
Investment Tenor
(in Year)
|
Age Limit
(in Year)*
|
After the
investment Tenor the terminal value of the Scheme
(in Taka)**
|
| 4,570/- |
4,705/- |
10 |
18
to 35 |
1,000,000/- |
| 7,890/- |
8,045/- |
7 |
18
to 38 |
1,000,000/- |
| 12,465/- |
12,640/- |
5 |
18
to 40 |
1,000,000/- |
| 9,135/- |
N/A |
10 |
18
to 35 |
2,000,000/- |
| 15,770/- |
N/A |
7 |
18
to 38 |
2,000,000/- |
| 24,925/- |
N/A |
5 |
18
to 40 |
2,000,000/- |
|
|
|
*
Age upper limit will be applicable for HBL facilities only **
Insurance Coverage will be restricted to terminal amount of Tk.
1,000,000/-(Taka Ten Lac) only, here the age limit will be from
18 years to 60 years. |
| 03. |
Income Tax on
interest amount shall be as per Government rule on taxation
and the Bank reserves the right to deduct Income Tax. |
| 04. |
The depositor will
have the option to choose any installment size at the time of
opening of the A/C. and will not be allowed to change the size
of installment afterwards.
|
|
05. |
Account in the name
of minors can be opened too under the Scheme but without
insurance coverage. |
|
06. |
A person can open
more than one account but House Building Loan facility shall
be on one account only. |
|
07. |
The 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. |
|
08. |
Normally no withdrawal shall be allowed before
maturity, if any depositor intends to withdraw his/her
equity due to certain
unavoidable reasons before maturity, following should be
applicable for accounts covering insurance: |
|
|
| a. |
On or before
completion of one year , No interest (Saving) shall be
paid and Advance Insurance Premium paid to the Insurance
Company shall be deducted from the final settlement. |
|
b. |
On or before
completion of two years, No interest (Saving) shall be
allowed and No deduction will be made. |
|
c. |
On completion of
three (03) years, Saving Interest rate on the deposited amount
may be allowed. |
|
|
|
for accounts not
covering any insurance: |
|
|
| a. |
On or before
completion of one year , No interest (Saving) shall be
paid. |
|
b. |
After completion of
one year Saving Interest rate on the deposited amount
may be allowed. |
|
|
09. |
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/- |
|
10. |
When a depositor
fails to pay 3 (Three) consecutive installment at any point
of time before 2 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 A/C rate subject to
completion of 1 (One) year of its opening. |
|
11. |
HBL facility shall
be considered on maturity upon application up to three times
the equity but not exceeding Tk. 50.00 lac on compliance of loan
formalities. |
|
12. |
In case of death
of a depositor, the A/C. will cease to be operative and the
amount deposited so far shall be paid to the nominee, and in
the absence of nominee, to the legal heirs of deceased as per
rules in force. |
|
13. |
The Bank at its
discretion may allow inter branch transfer of the A/C under
the Scheme. |
|
14. |
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. |
|
15. |
Normally no
statement of the account will be served to the depositor.
Incase of need of any depositor, charge @Tk.10/- per year /
per statement shall be realized as cost of paper. |
