Profit first Deposit is a scheme where the profit is paid on before maturity. This scheme is suitable for accomplish your emergency requirements such as annual vacation with family, tuition fees of children, etc.
Product Feature
- Profit is paid on placing deposit.
- Embedded auto renewal option
- Deposit tenure is 3, 6, 9, 12 months
- Minimum Deposit amount of BDT 50,000
- Up to 75% quick loan facility is offered at only 2.50% higher rate from the rate of FDR
- Auto FDR renewal option available
- No processing fees for approval of loan
Eligibility
- Minimum Age: 18 years
- Citizen of Bangladesh
Privilege offer
Senior Citizens and Home Loan customers are eligible for preferential rate over the prevalent rate.
Requirements
- 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 (on interest) |
| 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.2,500.00 |
| Balance above Tk.1 Crore but not more than Tk. 5 Crore | Tk.12,000.00 |
| Balance above Tk. 5 Crore | Tk.25,000.00 |