The benefit of the scheme will be paid on monthly basis. As such this is called Monthly Benefit Deposit Scheme (MBDS).

Target Group

1. The benefit of the persons who intend to meet the monthly budget of the families from the income out of their deposit. It may be retired service holders, housewife of businessman & other professionals
2. Trust and Foundations or other associations, which award monthly scholarship/stipends to students etc

Monthly payable amount (Installment in BDT)	Duration/Period of the Scheme	Amount payable at maturity (BDT)	Rate of interest
643	05 Years	1,00,000.00	7.78%

1. Tk 643 would be paid per month per lac. Interest rate 7.72% would be credited per month and effective intrest rate 8.00% p.a.
2. Deposit of Tk. 100,000 (Taka one lac) and multiples thereof, but maximum Tk. 25, 00,000 (Taka twenty-five lac) shall be acceptable under the Scheme

 
3. The deposit shall be for a period of 05 (Five) years. The principal amount is refundable on maturity

 
4. Profit shall be paid on monthly basis Tk. 900 & net off taxes Tk. 810 per Tk. 1,00,000

 
5. Payment of monthly profit shall start from the subsequent month after a clear minimum gap of 30 days from date of deposit. 

 
6. The Account holder should have a Savings Account/Current Deposit Account/Short Term Deposit Account of this Bank  to open this deposit scheme

 
7. Normally, the deposit will not be encashable before 05 (Five) years. But if any depositor intends to withdraw his deposit before maturity due to certain unavoidable reasons, he would be allowed to do so in the following manner :
    
   1. No benefit including interest shall be allowed for pre-mature encashment within one year
   2. If the accounts/deposits are closed/ encashed after one year of its opening, benefit shall be allowed on the deposit at the prevailing Savings Deposit rate
   3. If the amount of monthly profit already paid exceeds the amount payable at normal Savings rate, the difference shall be realized from the principal deposit amount, if and when necessary

 
8. In case of death of a depositor, the A/C shall cease to be operative and the amount deposited so far shall be paid to the nominee, as mentioned in the account opening form, and in absence of nominee, to the legal heirs of deceased as per rules in force

 
9. Separate Application Form specially designed for the purpose shall be obtained duly filled in and signed by the depositor. In addition to this, the depositor must have a separate Savings Bank Account with the branch wherein the benefit on the amount so deposited shall be credited every month

 
10. A specially designed Receipt shall be issued for the deposit under the Scheme in the same manner as issued in case of FDR until such receipt is developed and supplied to the branches, they will use the FDR receipt lying with them

 
11. The Receipt will not be transferable

 
12. Advance against lien on such Receipt can be allowed up to 80% of the deposit bearing normal rate of interest prevalent at the time on Overdraft/Loan

 
13. In case the instrument is lost the procedure for issuance of a duplicate will be the same as applicable in case of loss of FDR

 
14. During the period of such Overdraft/Loan, the monthly benefit shall be credited to the concerned Overdraft/Loan Account

 
15. Income Tax, @Tk. 10% will be deducted on the income received from the deposit.