Mercantile Bank Limited
Phone: +880-2-9559333, 9553892, 9561140
Fax: +880-2-9561213
Email: mbl@bol-online.com
Name
Double Benefit Deposit Scheme
Description
Under this scheme, deposited amount will be double in a tenure of Seven and Half (7.5) years. Minimum deposited amount should be BDT 10,000 or its multiples. In case of premature encashment interest will be paid on Saving A/c Rate. Loan may be granted up to maximum 80% of the deposited amount, but minimum principle amount must be BDT 20,000. At the end of 2009 total amount of BDT 6.93 billion was deposited under this scheme.
Benefit
Loan may be granted up to maximum 80% of the deposited amount
DPS Type
Fixed deposit
Initial Deposit
BDT 10,000 or its multiples.
Maturity Period
Seven and Half (7.5) years.
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