Super Fast Deposit Scheme

3 Year Super Fast Deposit Scheme is a unique deposit scheme with attractive insurance facility where a customer can receive quick return on investment within a short tenure. Customer has to provide initial deposit just for once and monthly installments during the tenure of the scheme.
 

Features:
  •  The scheme can be opened in any date of the month in any branch.
  •  A customer aged 18 and above can open the account singly/jointly. The scheme can be opened in the name of minor(s). In that case, legal guardian will operate the account.
  •  First, initial deposit (to be deposited only once) and monthly installment to be deposited on the day of opening the scheme.Next installments will be deducted on the same date of the following months.
  • Tenure of the Scheme: 3 Years.
  •  Minimum Initial Investment Amount: Tk 50,000; Minimum Monthly Installment: Tk 895.
  •  Maximum Initial Investment Amount: Tk 20 Lakh; Maximum Monthly Installment: Tk 35,770.
  •  Loans and advances are allowed against 90% of the initial amount.
  •  Insurance Facility up-to Tk 5 Lakh with nominal premium payment*
  •  Flexible pre-mature encashment facility*
    The Maturity value for different Initial Investments and monthly installments are provided below:
     
    Initial Deposit (BDT) Tenure (in Years) Profit Rate(%) Monthly Installment (BDT) Matured Value (BDT) (excluding income Tax & VAT)
    50,000 3 Years 8.00% 895 100,000
    100,000 1,790 200,000
    1,000,000 17,885 20,000,00
    1,500,000 26,830 30,000,00
    2,000,000 35,770 40,000,00

Terms and Conditions:
  •  For any further query please contact your nearest Padma Bank Branch or call 16612