Students who are eligible to receive refunds from Bank are encouraged to enroll in this deposit.

1. The name of the scheme is "TRUST EDUCARE SCHEME (TES)" and an Account holder subscribing to this scheme will be called TES Account holder.
    
2. An applicant can open TES account in his own name, in his/her spouse's name or in the name of his/her children operated by the guardian. The maximum number of TES accounts from a Single family cannot exceed five.
    
3. A non negotiable & non transferable receipt shall be issued for the deposit under this scheme.
    
4. The deposit with interest is payable is maturity either in lump-sum or as monthly allowances for 3/5 years starting from the completion of the term.
    

   Terms	Deposit Tk.	Monthly Educare allowance after maturity with 3 years continuity	Lump-sum amount payable at maturity
   3 years	Tk.10,000	Tk.430	Tk.13,400
   5 years	Tk.10,000	Tk.520	Tk.16,000

   
    
5. To avail of the education allowance, the depositor is required to deposit the receipt with the Bank duly discharged by him / her with the written instruction to pay the amount to the student nominated by him / her on monthly installments basis as stipulated the scheme. 
6. Advance against lien on such Receipt can be allowed up to 80% of the deposit.
    
7. Incase of death of the depositor(s), the amount will be payable to the nominee(s) or in the absence of nomination, to the legal heirs of the depositor(s) on production of succession certificate.
    
8. But if the nominee after the demise of the depositor(s) intends to continue the scheme to get the monthly educational allowance as admissible under the receipt should be surrounded to the Bank duly discharged by the nominee and duly authenticated by the legal guardian ( incase of minor nominee ) on maturity.