Uttara Bank Ltd.
Uttara Bank Ltd.

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Monthly Deposit Scheme

Introduction :

Your familiar Time Deposit Account – now with more safety and return !

‘MDS Account’ is the account where you can deposit your money in installment with full confidence. It’s an account tailor made to provide you  very good return for different tenure – making it the classic choice for you. You can deposit here in single or joint name.

 

Best for you if you have

  • Willingness of regular Savings
  • Requirement of highest Safety of your money

 

Features :

  • More than one account can be opened
  • Pre-matured Encashment facility on condition
  • installment size : BDT.500/-, 1000/-, 2000/-, 5000/-, 10000/-, 15000/-, 20000/-, 25000/-, 30000/-
  • Tenure : 05 years & 10 years
  • No Service / maintenance Charge
  • Chart of installment, Tenure & Payable after Maturity :

Interest Rate: 7.75%

Payment on maturity: Payment on maturity corresponding to the installment sizes will be as follows:

                     

Monthly Installment Size(Taka)

Period (Years)

Amount Payable on Maturity

Monthly Installment Size(Taka)

Period (Years)

Amount Payable on Maturity

500

5

36,005

500

10

87,047

1000

5

72,011

1000

10

1,74,094

2000

5

1,44,021

2000

10

3,48,189

5000

5

3,60,053

5000

10

8,70,472

10000

5

7,20,105

10000

10

17,40,945

15000

5

10,80,158

15000

10

26,11,417

20000

5

14,40,211

20000

10

34,81,889

25000

5

18,00,263

25000

10

43,52,362

30000

5

21,60,316

30000

10

52,22,834

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

 

Eligibility :

  • Minimum Age : 18 years
  • Bangladeshi Citizen

 

Required Documents :

  • 02 (two) copies of PP size Photograph attested by introducer
  • Photocopy of NID / Passport / Driving License
  • Application for opening account (available at all branches)

 

Facilities :

  • Available Loan facility against face value after one year