Prime Edu DPS is a monthly instalment/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 instalment 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 5/10/15/20 years
- Early encashment eligibility with favorable forfeiture rule
- Loan or overdraft facility up to 90% of the deposited amount
Matured value of Prime Edu DPS
|
Monthly Instalment(BDT) |
Maturity Value (BDT) |
|||
|
5 Years @ 9% |
10 Years @ 9% |
15 Years @ 9% |
20 Years @9% |
|
|
500 |
37,925 |
97,110 |
189,470 |
333,600 |
|
1,000 |
75,850 |
194,220 |
378,940 |
667,200 |
|
5,000 |
379,250 |
971,100 |
1,894,700 |
3,336,000 |
|
10,000 |
758,500 |
1,942,200 |
3,789,400 |
6,672,000 |
|
20,000 |
1,517,000 |
3,884,400 |
7,578,800 |
13,344,000 |
|
30,000 |
2,275,500 |
5,826,600 |
11,368,200 |
20,016,000 |
|
40,000 |
3,034,000 |
7,768,800 |
15,157,600 |
26,688,000 |
|
50,000 |
3,792,500 |
9,711,000 |
18,947,000 |
33,360,000 |
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 Edu DPS 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 60 months |
As per prevailing rate of Prime Savings Account |
|
If encashed before 120 months |
60m as per Scheme Rate + fraction days at Prime Savings rate |
|
If encashed before 180 months |
120m as per Scheme Rate + fraction days at Prime Savings rate |
|
If encashed before 240 months |
180m 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
