UB 100 days FDR, UB 200 days FDR and UB 300 days FDR

This fixed deposit product is specially launched for those customers who want to get a higher rate of return from the market by depositing a lump sum amount for a fixed period of time. 

The features of the said 3 (three) new deposit products has finalized the features of the products as under.

 

Customer eligibility

-Any adult Bangladeshi individuals/institutions or organizations incorporated and operating in Bangladesh.

-Must have Savings/Current/SND Account with Uttara Bank PLC.

 

Account open: Customer can open more than one account

Joint account: Account can be opened in joint names.

Type of account: Fixed Deposit

Tenure of account: 100 days, 200 days & 300 days

Amount of deposit: Minimum Tk. 10 Lac and no maximum limit

Interest rate & amount

Type of FDR	Rates/Amount
	10 Lac & above but less than 1 crore	1 crore & above but less than 2 crore	2 crore & above but less than 5 crore	5 crore & above
UB 100 days FDR	9.50%	9.75%	10.00%	10.50%
UB 200 days FDR	9.60%	9.85%	10.15%	10.70%
UB 300 days FDR	9.70%	9.95%	10.25%	10.90%

*Payable amount might be changed; Govt. Tax/Duty would be paid by the client.

 

Required information & documents:

1. Duly filled up Account Opening Form
2. 2 (Two) copies of recent photographs of the applicant
3. 1(One) copy of recent photograph of the nominee duly attested by the applicant
4. photocopy of NID/Passport/Birth Registration Certificate/any other photo identification acceptable to the Bank of the applicant
5. photocopy of NID/Passport/Birth Registration Certificate/any other photo identification acceptable to the Bank of the nominee
6. Proof of submission of return wherever applicable
7. Proof of sources of fund/declaration Other related documents depend on the type of depositors (such as entity/business firm/institutions/organizations etc.)

Nominee (in case of individuals/ Joint account)

 

According to Section 103 of Bank Company Act-1991, account holder(s) may nominate his/her/their nominee(s). Account holder(s) may change his/her/their nominee(s) at any time.

 

Credit facility: Credit facility may be allowed against FD (maximum 90% of the value).

Premature Encashment: 

For 100 Days FDR:

1. If Encashed before 100 Days: No interest to be paid.

For 200 days FDR:

1. If Encashed before 100 Days: No interest to be paid.
2. If Encashed after 100 Days but before 200 Days: Interest for 100 Days only at the rate applicable on 100 Days FDR at the time of issuance or encashment whichever is lower may be paid.

For 300 days FDR:

1. If Encashed before 100 Days: No interest to be paid.
2. If Encashed after 100 Days but before 200 Days: Interest for 100 Days only at the rate applicable on 100 Days FDR at the time of issuance or encashment whichever is lower may be paid.

Encashed after 200 Days but before 300 Days: Interest for 200 Days only at the rate applicable on 200 Days FDR at the time of issuance or encashment whichever is lower may be paid.

 

Maturity: Account will be considered as matured if tenure is completed.

Renewal: If not encashed at maturity/not mentioned otherwise, the account will be renewed automatically for the same period at the prevailing rate of interest of the product.

Death of account holder: In case of account holder’s death before maturity of the account, nominee(s) may be allowed to encash FDR before maturity or on maturity or after maturity according to the Instruction Circular 1895, dated 24.08.2017.

Charges: All charges, i.e. source tax, excise duty, etc. will be deducted as per govt. rules.

Mandatory Rules: Money Laundering Prevention Act-2012 (and all its amendments thereafter), Anti-Terrorist Act-2009 (and all its amendments thereafter) and Bank Company Act-1991 & 2013 (and all its amendments thereafter) will be applicable.

Special Instruction: Customer(s) has/have to inform the bank in writing in case of any changes in account profile i.e. address, phone number etc. without delay.

Special Notice: Bank Authority has the right to change any terms and conditions related to the account at any time and account holder(s) will have to abide by.

Cheque Book: No Cheque Book will be issued against the account.