| 01. |
Monthly installment
shall be Tk. 12,465.00 /Tk. 7,890.00 /Tk. 4,570.00 for the
tenor of 5/7/10 years respectively |
| 02. |
Terminal amount on
maturity shall be Tk. 10.00 lac. |
|
|
|
| Size
of monthly deposit (in Taka) |
Investment
Tenor (in Year) |
After
the investment Tenor the terminal value of the Scheme (in Taka) |
Pension
size of installment according to the years Invested
(in
Taka ) |
| 12,465/- |
5 |
1,000,000/- |
21,748/- |
| 7,890/- |
7 |
1,000,000/- |
17,137/- |
| 4,570/- |
10 |
1,000,000/- |
13,786/- |
|
| 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. |
A person can open
more than one account. |
|
06. |
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. |
|
07. |
Normally no withdrawal shall be allowed before
maturity, If any depositor intends to withdraw his/her deposit
due to certain
unavoidable reasons before maturity (Min after one year)
interest on the prevailing Savings Deposit rate may be allowed. |
|
08. |
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/- . |
|
09. |
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. |
|
10. |
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. |
|
11. |
The Bank at its
discretion may allow inter branch transfer of the A/C under
the Scheme. |
|
12. |
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. |
|
13. |
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. |
