Monthly Earning Fixed Deposit
This product is your golden egg as on monthly basis. We are offering monthly return based FDR scheme to meet your monthly income. Let’s utilize your idle money to make an extra income.
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Features
- BMEFD can be opened in any branch or sub-branch
- BMEFD 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 BMEFD 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 BMEFD Account. (Maximum 90% of the value)
- One can open more than one BMEFD
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Eligibility
- Minimum Age: 18 years
- Any Bangladeshi Individual
- BMEFD can be opened in single/joint name
- BMEFD can also be opened in the name of a Minor under guardianship
- BMEFD can be opened in the name of firms, companies, associations, societies, trusts, NGOs, educational institutions etc.
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BMEFD Rate And Tenor
- Minimum opening amount is BDT100,000.00
- Tenor: 1 year, 2 year, 3 year
