At the maturity the depositor will get TK. 1.00 Lac by the depositing monthly installment as per following arrangement:

 Terms & Conditions:

1. Monthly installment size, tenor and terminal benefit  of the scheme will be as follows:

2. Interest rate 7.78% credited quarterly and effective interest rate 8.00 p.a.
3. Interest @ 10% p.a. will be paid at monthly rest to make the amount of TK. 1,00,000.00 (One lac) for any of the above size of deposit. Any excess or shortfall shall be adjusted at the time of final payment.
    
4. No income tax will be deducted from the interested earned.
    
5. Account in the name of minors can be opened too under the scheme.
    
6. A person can open more than one account for any size of installment in any branch of the Bank.
    
7. The specified amount on maturity at any slab shall be paid after one month from the date of deposit of the final installment.
    
8. No installment shall be payable if encashment would be occurred within one year. If the premature encashment would be occurred after one year in that case he/she will be entitled to get prevailing saving rate.
    
9. When a depositor fails to deposit any installment, he/she will have to pay a fine @ 5% of the overdue amount payable at the time of depositing the next installments or maximum Tk. 20.00.  
    
10. If a depositor fails to pay 3 (Three) consecutive installments he will have to pay 5% fine of the overdue installments to regularize the account. If they fails to pay more than 3 (Three) installments he will case to remain under the purview of the scheme and the deposit will be treated as Savings Bank deposit and interest will be paid on the deposited amount at prevailing SB A/C rate subject to completion of 1 (One) year of its opening.
     
11. In case of death of a depositor, the A/C will case to be operative and the amount deposited so far shall be paid to the nominee, and in absence of nominee, to the legal heirs of deceased as per rules in force.
     
12. The depositor will have the option to choose any installment size and period at the time of opening of the A/C and will not be allowed to change the size of installment afterwards.
     
13. The installment shall be payable by the 10th day (in case of holiday the next working day) of every month. Advance payment of any number of installments is acceptable.
     
14. Normally no withdrawal shall be allowed before maturity, if any depositor intends to withdraw his/her savings due to certain unavoidable reasons before 5 years, 10 years, he/she will not be allowed any benefit if the premature encashment takes place before completion of 1 year. But the depositor shall be allowed interest on the prevailing Savings Deposit rate after completion of 1 year from the date of opening of the account. 
     
15. Loan may be allowed up to 80% of the deposited amount against lien on the same where the deposited amount shall be at least Tk. 50,000.00 and the interest rate of the loan shall be as per prevailing commercial lending rate of the Bank.
     
16. The Bank at its discretion may allow inter branch transfer of the A/C under the Scheme