Fixed Deposit
Bengal commercial bank introduces fixed deposit receipt (FDR) in its deposit portfolio. It’s the high time to think about your money with minimum volatility. This financial instrument will boost up your confidence though it is most traditional investment. Here, we offer you the smartest choices in this long–standing investment.
This is all about a guaranteed income with safety, security and integrity of your investment. This is the most convenient product in FDR portfolio. Bengal commercial bank offers you this product with several tenor of maturity. We are also offering attractive interest rates as well as a steady income.
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Eligibility
- Minimum Age: 18 years
- Any Bangladeshi Individual
- FDR can be opened in single/joint name
- FDR can also be opened in the name of a Minor under guardianship
- FDR can be opened in the name of firms, companies, associations, societies, trusts, NGOs, educational institutions etc.
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Features
- FDR can be opened in any branch or sub-branch
- FDR can be renewed for further similar tenure with or without interest capitalization. In order to avail auto renewal facility, applicant must tick the appropriate box in the FDR application form.
- Excise Duty, VAT and Tax will be deducted as per prevailing govt. rules.
- The Bank reserves the right to add, delete, amend or alter any of these rules and regulations. Such Changes shall become effective upon being displayed of such notice in the premises or by any other mode of communication which the Bank may deem fit.
- One can avail SOD against lien of Principal deposit amount in FDR Account. (Maximum 90% of the value)
- One can open more than one Fixed Deposit.
- Premature encashment facility------
- For pre-mature encashment within 06(Six) months/200 days- no benefit will be provided
- For pre-mature encashment after 06(Six) months/200 days - investor will get Interest Rate @ prevailing Savings rate up to the encashment date
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FDR Rate And Tenor
- Minimum opening amount is BDT50000.00
- Tenor: 3 months, 100 days, 06 months, 200 days. 06 months, 1 year, 400 days, 3 years
