Easy Deposit

Many people keep their funds in bank accounts to have easy access to their money in case of emergencies. Imagine having a fixed deposit account that gives you similar access to your fund and also gives you more than double the return. Such a fixed deposit account is our unique deposit product Easy Deposit.

Product Feature

  • Early encashment is allowed after 3 months
  • Quick Loan facility at only 2.50% higher rate than deposit on principal amount
  • Minimum deposit amount Tk. 25000 (New Opening) no maximum cap for deposit, multiple deposits possible in a month
  • No penalty for missing any month’s deposit
  • Profit paid on quarterly basis based on minimum deposit balance, so the annual effective return is higher.
  • Hassle free Electronic Fund Transfer and payment
  • Term of deposit 12 months

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