Trust Echo Plus

This is a monthly benefit deposit scheme for non-individuals, such as Govt. /Semi Govt., Private/Public Limited Companies etc. Here a company or institution can save their fund and earn competitive interest on their valued fund each month for a chosen frame of tenure

Features & Benefits

 

Tenor

Interest Rate

1,2 & 3 yrs

5.00% p.a

*Calculations based on BDT. 1 Lac only

 

  • Minimum principal amount Tk. 500,000 (Taka Five Lac Only) with no upper limit.
  • Time frame of 1,2 or 3 years
  • Payment of monthly profit shall start from the subsequent month after clear a minimum gap of 30 days from date of deposit.
  • Auto renew facility
  • OD facility up to 85% of the value of the deposit
  • Nominee not required
  • All payments, principal & interest, shall be paid to the specified deposit account or through PO as per demand of the client
  • The Receipt will not be transferable.
  • Excise Duty and TDS (Tax Deducted at Source), (if any) will be deducted as per Govt. rules.

Eligibility

Can be opened by Govt/Semi Govt organization to save their funds, PF or any other Contributory Fund; Corporate bodies, Private/Public Limited companies; Associations, Clubs; Hospitals; Educational Institutions, NGOs etc.

Rules

  • Under this scheme, minimum principal amount is Tk. 500,000 (Taka Five Lac Only). There is no upper limit.
  • Trust Echo Plus must be kept for a term of 1 year (12 Months)/ 2 Years (24 Months) / 3 years (36 Months).
  • Payment of monthly profit shall start from the subsequent month after a clear minimum gap of 30 days from date of deposit.
  • All payments, principal & interest, shall be paid to the specified deposit account or through PO as per demand of the client.
  • TDS (Tax Deducted at Source), (if any) will be deducted as per Income Tax Rules.
  • The Receipt will not be transferable.
  • Unless prior written notice is received by the Bank, the Bank will automatically renew the deposit for the same period on the maturity date at the prevailing rate of interest.
  • Excise Duty is to be deducted from the interest realized on maturity date or at the time of encashment of Echo Plus as per the existing general FDR rule.
How to Apply

Just fill in our Account Opening Form (available at any branch), and submit the required documents. *The Bank reserves the right to request further documentation on a case-to-case basis.