Double Money Deposit Scheme (DMDS)

Double Money Deposit Scheme is a special savings scheme of BD Finance. The benefit under this scheme deposit is that the amount deposited will be doubled in tenure of Seven (07) years and Seven (07) Months. Enjoy highly competitive interest rates with this low-risk investment.

Product Feature

  • Tk.50, 000/- and its multiple shall be acceptable under this scheme.
  • Saving towards future capital expenditure
  • Return on Investment
  • Security of Cash
  • Borrowing Facilities
  • Suitable terms and condition
  • Attractive benefit.
  • The investors may avail up to 80% loan facility against deposited amount.
child with parents holding a new plant in hands

Eligibility

  • Minimum Age: 18 years
  • Citizen of Bangladesh

Privilege offer

Senior Citizens and Home Loan customers are eligible for preferential rate over the prevalent rate.

Requirements

  • Recent Passport size photograph of A/C Holder and Nominee
  • Photograph of Nominee has to be duly attached by the account holder
  • Photocopy of NID/Passport/Driving License of A/C Holder and Nominee
  • TIN Certificate of A/C Holder ( IF available)
  • Download the MDS Form/ Collect the Form from your nearest BD Finance Branch
  • Provide completed Account Opening Form with all required documents.
  • Pay your opening amount by BEFTN/Cheque/Pay order in favor of “Bangladesh Finance And Investment Co. Limited” and provide payment details to nearest BD finance Branch.
  • Once your Payment has been cleared, an MDS account opening receipt will be issued to your name for delivery or pick up.
INCOME TAX DEDUCTED AT SOURCE

Deduction Rate

(on interest)

If E-TIN is Submitted 10.00%
If E-TIN is Not Submitted 15.00%

 

EXCISE DUTY YEARLY PER ACCOUNT Duty Amount
Balance up to Tk.1 Lac N/A
Balance above Tk.1 Lac but not more than Tk. 5 Lac Tk.150.00
Balance above Tk.5 Lac but not more than Tk. 10 Lac Tk.500.00
Balance above Tk.10 Lac but not more than Tk. 1 Crore Tk.2,500.00
Balance above Tk.1 Crore but not more than Tk. 5 Crore Tk.12,000.00
Balance above Tk. 5 Crore Tk.25,000.00