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Mudaraba Contributory Savings Scheme (MCSS)
Mudaraba Contributory Savings Scheme encourages depositors to build up savings by contributing monthly installments for 5 years and receives an attractive fixed amount at a time or by a monthly pension for next 5 years. The scheme is designed to help the fixed income group to save money and build up a sizable fund with which they can go for some income-generating venture to improve the quality of their life and/or meet any future financial obligations.
Key Features
Minimum size of monthly installment is Tk. 500/- and multiplies of Tk. 1000/. Maximum installment size is Tk. 25,000/-.
The tenor of the scheme is 5 years.
Customers have two options to get the return. Either return can be availed at a time after maturity or as a monthly pension for the next 5 years according to the size of deposit.
More than one account for different size of installments can be opened.
Account in the name of minors can be opened.
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