LAD Interest Free Deposit

This is a special deposit product that allows up to 75% of quick loan facility at a Zero rate. The product aims to cater to frequent and instantaneous fund requirement needs of individuals / corporate especially for self-employed individuals or business firms.

Product Feature

  • Minimum deposit amount of Tk. 100,000/-
  • Quick loan will be transferred to your bank account directly
  • Up to 75% of quick loan facility against deposit at a Zero rate of interest
  • Auto renewal facility.
  • Interest would be paid on minimum balance of each month
  • No documentation / processing fees or any hidden charges

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