MDB Deposit Pension Scheme (MDB DPS)
Customer(s) will pay certain monthly installment for a definite period and after maturity he/she will be given an amount as agreed at time of account opening.
| Title | Details | |
|---|---|---|
| Deposit at type | Installment monthly. | |
| Amount to be deposited | As per Deposit Rate | |
| Date for installment | Any time in the month. | |
| Maturity/Disbursement | The scheme will be disbursed on the 30th of next month after the last installment. | |
| Force Closure | If a customer fails to pay three (3) consecutive installment. | |
| Taxes, Duty, Surcharges | All taxes/duty/levy and /or any other surcharges presently in force or that may be imposed by the Government of Bangladesh from time to time will be deducted/ recovered from the deposit account under this scheme. | |
| Premature Encashment | In case of premature encashment, savings Interest will be given if minimum 12 instalment is deposited & last instalment must stay for 1 month. | |
| Eligibility |
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| Availability | All MDB Branches, Sub-Branches & Agent Banking Centers (ABCs) | |
| Tenure | 3M/6M/9M/1Y/2Y/3Y/5Y/8Y/10Y /15Y/20Y |
