Millionaire Deposit Scheme (MDS) Account

Millionaire Deposit Scheme (MDS) Account is a time specified monthly deposit scheme for clients where the deposited money will become millions on maturity. With this great offer, you can become a millionaire after a specified term.

- Tenor: 4,5,6,7,8,9 and 10 years term;
- Deposit on monthly installment basis;
- Attractive rate of interest;
- Account can be opened at any working day of the month;
- Monthly installment can be deposited through a standing debit instruction from the designated CD/SB Account;
- Monthly installment can be deposited in advance;
- An account can be transferred from one branch to another branch of the bank;
- Credit facility for maximum of 2 years can be availed at any time during the period of the scheme;
- Allowed to open more than one MDS Account for different amount at any branch of the Bank;

Fixed Deposit

4,5,6,7,8,9 and 10 years term

- MDS Account can be opened both for Individual and Corporate bodies.
- Only Resident Bangladeshi National is allowed to open Personal MDS Account.
- Age bar for opening of Personal MDS Account: 18 years or above.
- Joint account can be opened.
- Mino

Personal Banking
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- Two copies of passport size photograph;
- Cheque on Self or Cash deposit or Standing debit instruction from the designated CD/SB Account;
- Photocopy of Citizenship Certificate / Passport / Voter I.D. Card / National I.D. Card / Driving License.
- Photograph of Nominee. In case of minor nominee, copy of the birth certificate and photograph required;
- Personal Information Form;
- KYC Form

Corporate Banking
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Sole Proprietorship Concern:
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- Copy of valid Trade License;
- Recent passport size photograph(s) of signatory attested by the introducer.
- Photocopy of Citizenship Certificate / Passport / Voter I.D. Card / National I.D. Card / Driving License.
- Sole Proprietorship Declaration;
- Official Seal;
- Tax Certificate;
- Personal Information Form;
- KYC Form

Partnership Concern:
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- Copy of Partnership Deed of the Firm (Registered / At least notarized);
- Firm Registration Certificate (if registered);
- List of Partners with their addresses;
- Copy of valid Trade License;
- Recent passport size photograph(s) of signatory / signatories attested by the introducer.
- Photocopy of Citizenship Certificate / Passport / Voter I.D. Card / National I.D. Card / Driving License.
- Resolution of the partners of the firm for opening the account and authorization for its operation duly certified by managing partner of the firm;
- Official Seal;
- Tax Certificate;
- Personal Information Form;
- KYC Form

Private Limited Company:
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- Certified true copy of Certificate of incorporation;
- Certified true copy of the Memorandum & Articles of Association of the Company duly attached;
- Certificate true copy of certificate of commencement;
- Certified true copy of Form XII of the company;
- Extract of the Resolution of the Board Meeting of the Company for opening the account and authorization of its operation duly certified by the Chairman / Managing Director of the Company;
- Recent passport size photograph(s) of signatory / signatories attested by the introducer.
- Photocopy of Citizenship Certificate / Passport / Voter I.D. Card / National I.D. Card / Driving License.
- List of Directors with addresses;
- Copy of valid Trade License;
- Official Seal with designation;
- Tax Certificate;
- Personal Information Form;
- KYC Form;

Public Limited Company:
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- Certified true copy of Certificate of incorporation;
- Certified true copy of the Memorandum & Articles of Association of the Company duly attached;
- Certified true copy of certificate of commencement;
- Certified true copy of Form XII of the company;
- Extract of the Resolution of the Board Meeting of the Company for opening the account and authorization of its operation duly certified by the Chairman / Managing Director of the Company;
- Recent passport size photograph(s) of signatory / signatories attested by the introducer.
- Photocopy of Citizenship Certificate / Passport / Voter I.D. Card / National I.D. Card / Driving License.
- List of Directors with addresses;
- Copy of valid Trade License;
- Official Seal with designation;
- Tax Certificate;
- Personal Information Form;
- KYC Form;

Trusts / Clubs / Associations / Societies / Co - operatives / NGO / Non - trading Concerns:
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- Certified true copy of the constitution / By - Laws / Trust Deed / Memorandum and Articles of Association;
- Certificate of Registration of the Association / Club / Charity / Trust / Society / Co-operative / NGO / Non - trading concern for inspection and return (along with a duly certified photocopy for Bank's records);
- List of members of the Governing Body / Executive Committee of the Association / Club / Charity / Trust / Society / Co - operative / NGO / Non - trading concern with their addresses;
- Extract of Resolution of the Association / Club / Charity / Trust / Society / Co - operative / NGO / Non - trading concern for opening the account and authorization of its operation duly certified by the Chairman / Secretary of the Association / Club / Charity / Trust / Society / Co-operative / NGO / Non - trading concern etc.
- Recent passport size photograph(s) of signatory / signatories attested by the introducer.
- Photocopy of Citizenship Certificate / Passport / Voter I.D. Card / National I.D. Card / Driving License.
- Official Seal mentioning designation
- Personal Information Form;
- KYC Form

Fees & Charges
- Account transfer fee is Taka 500/-;
- Account closure fee is Taka 500/-;
- Penalty of Taka 200/- for failure to pay monthly installment within the stipulated time;
- VAT applicable for all fees & charges @15%.