Monthly deposit scheme is a special installment based deposit scheme for the individual customers through which customer will receive an agreed amount of money after depositing a certain amount of money for a certain period.
- Monthly installment based savings scheme
- Installment of Tk.500 or its multiple
- Can be opened for 3, 5, 8 or 10 years
- Get Principal and interest at maturity along with insurance coverage
- Loan/overdraft facility may be allowed up to 90% of the deposited amount.
- Minimum Age: 18 years
- Citizen of Bangladesh
- Recent Passport size photograph of A/C Holder and Nominee
- Photograph of Nominee has to be duly attached by the account holder
- Photocopy of NID/Passport/Driving License of A/C Holder and Nominee
- TIN Certificate of A/C Holder ( IF available)
- Download the MDS Form/ Collect the Form from your nearest BD Finance Branch
- Provide completed Account Opening Form with all required documents.
- Pay your opening amount by BEFTN/Cheque/Pay order in favor of “Bangladesh Finance And Investment Co. Limited” and provide payment details to nearest BD finance Branch.
- Once your Payment has been cleared, an MDS account opening receipt will be issued to your name for delivery or pick up.
|INCOME TAX DEDUCTED AT SOURCE||Deduction Rate
|If E-TIN is Submitted||10.00%|
|If E-TIN is Not Submitted||15.00%|
|EXCISE DUTY YEARLY PER ACCOUNT||Duty Amount|
|Balance up to Tk.1 Lac||N/A|
|Balance above Tk.1 Lac but not more than Tk. 5 Lac||Tk.150.00|
|Balance above Tk.5 Lac but not more than Tk. 10 Lac||Tk.500.00|
|Balance above Tk.10 Lac but not more than Tk. 1 Crore||Tk.3,000.00|
|Balance above Tk.1 Crore but not more than Tk. 5 Crore||Tk.15,000.00|
|Balance above Tk. 5 Crore||Tk.40,000.00|