| 01. |
Deposit of Tk.
25,000/- (Taka twenty five thousand) and multiples thereof, but maximum Tk.
25,00,000/- (Taka twenty-five lac) shall be acceptable under the Scheme. |
|
02. |
The
deposit under Mudaraba principle shall be for a period of 5
(Five) years. The principal amount is refundable on maturity. |
| 03. |
Profit
shall be paid on monthly basis @Tk.1000/- per Tk. 1,00,000. |
| 04. |
Payment
of monthly profit shall start from the subsequent month after a
clear minimum gap of 30 days from date of deposit. |
| 05. |
Normally, the deposit will not be
encashable before 5 (Five) years. But if any depositor intends
to withdraw his deposit before maturity due to certain
unavoidable reasons, he would be allowed to do so in the
following manner: |
| |
a) |
No benefit 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 existing Mudaraba Savings Deposit
rate. |
| |
c) |
If the amount of monthly profit
already paid exceeds the amount payable at normal Mudaraba
Savings rate, the difference shall be realized from the
principal deposit amount, if and when necessary. |
| 06. |
In case of death of a depositor, the
A/C. shall cease to be operative and the amount deposited so far
shall be paid to the nominee, as mentioned in the account
opening form, and in absence of nominee, to the legal heirs of
deceased as per rules in force. |
| 07. |
Separate Application Form specially
designed for the purpose shall be obtained duly filled in and
signed by the depositor. In addition to this, the depositor must
have a separate Mudaraba Savings Bank Account with the branch
wherein the benefit on the amount so deposited shall be credited
every month. |
|
08. |
A specially designed Receipt shall
be issued for the deposit under the Scheme in the same manner as
issued in case of MTDR until such receipt is developed and
supplied to the branches, they will use the MMBDS receipt lying
with them. |
|
09. |
The Receipt will not be
transferable. |
|
10. |
In case the instrument is lost the
procedure for issuance of a duplicate will be the same as
applicable in case of loss of MTDR. |
|
11. |
Payment will be made after deduction
of taxes as fixed by the Govt. from time to time. |
| |
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