Social Islami Bank Ltd.
Phone: +880-2-9559014, 9557499, 9568275, 9565647
Fax: +880-2-9568098
Email: info@sibl-bd.com, ceo@sibl-bd.com
Name
Mudaraba Education Savings Scheme
Description
Education expenditure specially for Higher studies is increasing day by day. In many cases children loses the chance of education as their guardians become unable to adjust with the expenditure.
Benefit
- The depositor will get a receipt on the deposited amount.
- In order to receive the monthly education allowance the depositor will have to submit all the Receipts duly discharged and proper instruction must be provided in writing to nominate a person for receiving the allowance.
- The instrument cannot be en cashed before maturity. In case of emergency if the depositor wants to en cash before maturity the following rules will be applicable:
- In order to receive the monthly education allowance the depositor will have to submit all the Receipts duly discharged and proper instruction must be provided in writing to nominate a person for receiving the allowance.
- The instrument cannot be en cashed before maturity. In case of emergency if the depositor wants to en cash before maturity the following rules will be applicable:
DPS Type
Deposit
Maturity Period
6 Years
Maturity Amount
Tk. 25,000/-
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