Monthly Deposit Scheme

Monthly deposit scheme is a special installment based deposit scheme for the individual customers through which customer will receive an agreed amount of money after depositing a certain amount of money for a certain period.

Product Feature

  • Monthly installment based savings scheme
  • Installment of Tk.500 or its multiple
  • Can be opened for 3, 5, 8 or 10 years
  • Get Principal and interest at maturity along with insurance coverage
  • Loan/overdraft facility may be allowed up to 90% of the deposited amount.
Monthly Deposit

Eligibility

  • Minimum Age: 18 years
  • Citizen of Bangladesh

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