MDB Saalam Digital term deposit

This is an online and Shariah based term deposit (FDR) that is designed in such way that customers can open this account from anywhere and anytime through internet.

Title Details
  • 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.
  • All sorts of Firms, Institution, Organization and Companies having approval from proper authority in Bangladesh are eligible to open the account.
  • Through MDB online portal of the account holders using their personal computer and mobile apps.
Minimum initial deposit amount
  • Tk 10,000
  • 1/3/6/12/18 & 24 months
Mode of Shariah
  • Mudaraba
Profit calculation
  • Weightage Average Method
Profit Accrual & Payment
  • Profit will be accrued on monthly basis and applied to the account at maturity.
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.
Tax, Excise Duty & VAT
  • Will be deducted as per NBR rules