Target Deposit Scheme (TDS) is a deposit scheme where the customer gets their returns within a short period.
Target Customers:
The TDS is designed for those individuals who want return at the earliest tenure.
Features of the Scheme:
- Customer will set their desired amount
- Product tenure designed with 1 (One) year according to customer’s target plan and eligibility
- Account can be opened by Individual/Jointly/Non Resident Bangladeshi.
- Age Limit: 18- 65 years.
- Insurance can be added for confirmed payment to receive the target amount.
- A person can open more than one account for different or same amount of deposits at any branch of the Bank.
The Maturity Value Table is provided in the below table:
| Desired Amount |
Installment in BDT |
Tenure |
| 1,000 |
81 |
1 year |
| 10,000 |
805 |
| 25,000 |
2,006 |
| 50,000 |
4,012 |
| 1,00,000 |
8,025 |
| 5,00,000 |
40,120 |
| 10,00,000 |
80,230 |
| 1,00,00,000 |
80,23,000 |
Terms and Conditions:
- For any further query please contact your nearest Padma Bank Branch or call 16612
