Prime Deposit Premium Scheme is a monthly installment/recurring deposit scheme where customer makes monthly deposit of equal amount over a period of time and in return gets lump sum at maturity depending on installment size & tenure.
Eligibility
- Bangladeshi citizen of any age
- Active linked/transactional CASA account
- For minors, the account can be opened singly or jointly with a parent/legal guardian, with their operating mandate
Features
- Attractive Interest at 9%
- Instalment size of BDT 500 & its multiples
- Flexible tenure of 3/5/7/10 years
- Early encashment eligibility with favorable forfeiture rule
- Loan or overdraft facility up to 90% of the deposited amount
Matured value of Prime Deposit Premium Scheme
|
Monthly Instalment(BDT) |
Maturity Value (BDT) |
|||
|
3 Years @ 9% |
5 Years @ 9% |
7 Years @ 9% |
10 Years @9% |
|
|
500 |
20,700 |
37,925 |
58,500 |
97,110 |
|
1,000 |
41,400 |
75,850 |
117,000 |
194,220 |
|
5,000 |
207,000 |
379,250 |
585,000 |
971,100 |
|
10,000 |
414,000 |
758,500 |
1,170,000 |
1,942,200 |
|
20,000 |
828,000 |
1,517,000 |
2,340,000 |
3,884,400 |
|
30,000 |
1,242,000 |
2,275,500 |
3,510,000 |
5,826,600 |
|
40,000 |
1,656,000 |
3,034,000 |
4,680,000 |
7,768,800 |
|
50,000 |
2,070,000 |
3,792,500 |
5,850,000 |
9,711,000 |
Note:
- Maturity value is subject to proper and regular payment of the prescribed monthly installments
- Maturity Amount mentioned above is before Tax & Excise Duty
- For other installments maturity value will follow the above table; i.e. if monthly installment is BDT 2,500 for 5 years, the maturity value will be 37,925*5=1,89,625 (as 2500/500=5)
- Prime Deposit Premium Scheme can be opened at any multiple of Tk. 500 to Tk. 120,000 per month
Premature/ Early encashment Rules
|
Particular |
Interest Payable |
|
If encashed before 12 months |
No interest will be paid |
|
If encashed before 36 months |
As per prevailing rate of Prime Savings Account |
|
If encashed before 60 months |
36m as per Scheme Rate + fraction days at Prime Savings rate |
|
If encashed before 84 months |
60m as per Scheme Rate + fraction days at Prime Savings rate |
|
If encashed before 120 months |
84m as per Scheme Rate + fraction days at Prime Savings rate |
Required Documents
- Completed Personal Savings Scheme Account Opening Form
- Active Transaction/ Link (Current/Savings) Account with Prime Bank
