Prime Hasanah 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 provisional profit rate
- Instalment size of BDT 500 & its multiples
- Flexible tenure of 5/10/15/20 years
- Early encashment eligibility with favorable forfeiture rule
- Investment or overdraft facility up to 90% of the deposited amount
Matured value of Prime Hasanah Edu DPS
|
Monthly Instalment(BDT) |
Maturity Value (BDT) |
|||
|
5 Years @ 8.25% |
10 Years @ 8.75% |
15 Years @ 8.75% |
20 Years @8.75% |
|
|
500 |
37,165 | 95,730 | 185,260 | 323,260 |
|
1,000 |
74,330 | 191,460 | 370,520 | 646,520 |
|
5,000 |
371,650 | 957,300 | 1,852,600 | 3,232,600 |
|
10,000 |
743,300 | 1,914,600 | 3,705,200 | 6,465,200 |
|
20,000 |
1,486,600 | 3,829,200 | 7,410,400 | 12,930,400 |
|
30,000 |
2,229,900 | 5,743,800 | 11,115,600 | 19,395,600 |
|
40,000 |
2,973,200 | 7,658,400 | 14,820,800 | 25,860,800 |
|
50,000 |
3,716,500 | 9,573,000 | 18,526,000 | 32,326,000 |
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 38,180*5=1,90,900 (as 2500/500=5)
- Prime Hasanah Edu DPS can be opened at any multiple of Tk. 500 to Tk. 120,000 per month
Premature/Early encashment Rules
|
Particular |
Profit Payable |
|
If encashed before 12 months |
No profit/provisional profit will be paid |
|
If encashed before 60 months |
As per prevailing provisional rate of Prime Hasanah Savings Account |
|
If encashed before 120 months |
60m as per provisional rate of scheme + fraction days at prevailing provisional rate of Prime Hasanah Savings Account |
|
If encashed before 180 months |
120m as per provisional rate of scheme + fraction days at prevailing provisional rate of Prime Hasanah Savings Account |
|
If encashed before 240 months |
180m as per provisional rate of scheme + fraction days at prevailing provisional rate of Prime Hasanah Savings Account |
Required Documents
- Completed Personal Savings Scheme Account Opening Form.
- Active Transaction/Link (Current/Savings) Account with Prime Bank
