Term Deposit

The Term Deposit Scheme is a financial product designed for individuals looking to save towards specific future goals, providing a safe and reliable way to grow their funds over a predetermined period. Under this scheme, the profit earned on the deposit is paid at maturity, ensuring a lump-sum return that can be utilized to meet your financial needs. This scheme is particularly suitable for individuals who are planning for medium to long-term financial requirements

KEY FEATURES

• Profit is paid on maturity
• Embedded auto renewal option
• Deposit tenure is 3,4-6,12,13,24 and 60 months.
• Minimum deposit amount of BDT 25,000.
• Instant loan facility up to 80% of principal amount.

REQUIREMENTS

• Recent passport-size photograph of Account Holder and Nominee.
• Photograph of Nominee must be duly attested by the account holder
• Photocopy of NID/Passport/Driving License of Account Holder and Nominee
• TIN Certificate of Account Holder (if available)

HOW DOES IT WORK?

• Download the Account Opening Form or collect it from your nearest Bangladesh Finance Branch.
• Submit the completed form with all required documents.
• Pay your opening amount by BEFTN/Cheque/Pay order in Favor of 'Bangladesh Finance PLC' and provide payment details to the nearest branch.
• Once your payment has cleared, an Account Opening Receipt will be issued for delivery or pick up.