The name of the scheme is 'Trust Smart Savers Scheme (TSS)' and an Account holder subscribing to this scheme will be called TSS Account holder.

Last Update March 16 2011

1. An applicant can open TSS accounts 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 TSS accounts from a single family cannot exceed five. Applicant’s having a Savings Account with any of the branches of "TRUST BANK" will be given preference to a TSS Account. However, a customer can directly deposit the amount in the TSS accounts also

 
2. The tenure of the TSS scheme would be 3/5/7/10 years at the discretion of the applicant
3. Interest rate 7.78% to be credited quarterly and effective interest rate 8.00% p.a.

 
4. The initial tenure as chosen by the applicant at the time of opening the account is not amenable to change

 
5. The first installment may be deposited on any date of the month but subsequent installments shall have to be deposited by the 10th day of every month. Advance payment of any number of installments is acceptable

 
6. A Passport Size Photograph is required to open the account

 
7. Any benefit from TSS scheme may come under preview of Income Tax or Any other Levy imposed by the Government

 
8. Monthly installments will be automatically realized from the applicant's Savings Account linked with the TSS account or direct deposit in the account

 
9. In the event of failure to pay any monthly installment, it will be sole responsibility of the TSS account holder to settle the arrear installments before or along with the next due through a written instruction to the bank. In such case there will be a penalty of Tk.50.00 for per installment amount to be paid with subsequent installment

 
10. No interest will 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

 
11. In case of premature closure of the account Tk.100.00/-(Taka One Hundred only) will be charged as closing charge

 
12. No cheque book will be issued to the client under this scheme

 
13. If there is any Overdue/Classified loan in the name of the Account holder with "Trust Bank", then "Trust bank" shall have the right to adjust the loan amount from the deposit which has been deposited by the account holder

 
14. Loan may be allowed up to 80% of the deposited amount but not below Tk.1,00,000/- against lien/pledge of the same amount

 
15. Any account can be transferred from one branch to another, in that case Tk.25/- will be charged as Account Transfer Fee

 
16. In case of death of the applicant the relevant account will be closed, Nominee/ Nominees will receive the proceeds of the account(s). If the nominee is a minor, the proceeds of the account will go to the legal guardian of the minor.