Digital Senior Citizen Monthly Benefit Scheme

Secure Monthly Income for a Peaceful Future Anytime, Anywhere

Title		Details
Key Features		Fixed monthly income facility against deposited amount Fully digital account opening facility Minimum deposit amount starts from BDT 50,000 and its multiples Attractive and competitive profit rates Monthly benefit auto credited to linked Current or Savings Account Multiple accounts allowed for one customer Joint account facility available Loan/Overdraft facility against deposit Safe and secure digital investment solution for senior citizens
Customer Segments		Senior citizens aged 59 years and above Individuals seeking digital monthly income solutions Retired persons planning financial security
Account Type		Monthly Benefit Scheme (Non-transactional Digital Account)
Eligibility		Any Bangladeshi citizen with Valid Photo ID (NID / Birth Certificate / Passport) Minimum Age: 59 years
Account Availability		Available through midland online (App)/ MDB Website for convenient digital account opening from anywhere, anytime
Tenure		6 Months 1 Year 1.5 Years 2 Years & 3 Years
Mode of Deposit		Monthly benefit automatically transferred to linked Current or Savings Account
Maturity Benefit		Principal amount paid at maturity and credited to linked account
Premature Encashment		Premature encashment is allowed as per the prevailing policy of the Bank.
Nominee Facility		Nominee is mandatory Nominee can be changed at any time through written instruction
Terms & Conditions		The Bank reserves the right to change product features and conditions when necessary