MDB Saalam Digital Family Support
This scheme is designed in such a way that customers do not need to visit any branch or outlet of the bank but can open it from anywhere, anytime throughout the world. Customers just need to login midland online (internet banking) to open the scheme and start earning monthly profit from the next month.
| Title |
Details |
| Eligibility |
- Any Resident Bangladeshi citizen can open this account.
- In case of minor account. Legal Guardian will operate the account on behalf of the minor until the minor reaches the age of 18.
|
| Availability |
- Through MDB online portal. Existing account holders can open these scheme by using their personal computer/mobile application.
|
| Amount |
- BDT 50,000.00 (Fifty Thousand) only and its multiples
|
| Tenure |
- 3/6/12/18/24 & 36 months.
|
| Profit calculation |
|
| Profit Accrual & Payment |
- Profit will be calculated at the end of month and applied to the account on the specific date (on which the account was opened) of each month until the scheme becomes matured.
|
| Pre-mature Encashment* |
- As per premature encashment policy of the bank.
|
| Joint Applicant Option |
- Applicant can open account either in the single name or in the joint names.
|
| Mode of Shariah |
|
| Tax, Excise Duty & VAT |
- Will be deducted as per NBR rules.
|
| Required document |
- Bank’s prescribed MDB Saalam Family Support Opening Form (AOF).
- The account opening procedure and required documents to open this account shall be governed by the MDB Branch Operations Manual, MDB Comprehensive Account Opening Documentary Checklist and Bangladesh Bank guidelines.
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