Rupali Millionaire Deposit Scheme(RMDS)
Overview
- Rupali Millionaire Deposit Scheme is a monthly installment based deposit scheme. The scheme guarantees minimum 10 Lac taka (before tax) upon maturity with flexible installment amount and tenure. This scheme has a very attractive high interest rate and the flexibility to deposit the installment at any day of the month. Even if any customer fails to submit 02 (two) consecutive installments, he/she can still continue the scheme with a very small penalty in the third month. This account can be opened in Joint Name as well as in favor of Minor where Father/Mother Legal Guardian will operate the account till the Minor reaches 18 years.
Features
- Interest Rate: 7.50% Compounding
- Monthly Installment Based Deposit Scheme
- Maturity: 05 years, 10 years, 15 years and 20 years
- Deposit the installment at any day of the month
- Confirmation of installment deposit through Free SMS Alert
- Emergency Loan facility against the deposit amount
- Monthly installments : o BDT 14,100/- for 05 years o BDT 5,900/- for 10 years o BDT 3,250/- for 15 years o BDT 2,000/- for 20 years
Required Documents
- National ID Card (NID)/Passport/Birth Certificate with proper validation of Account Holder and Nominee
- TIN Certificate (optional)
- 2 Passport Size picture for the Account Holder and 1 Passport Size picture of the Nominee
Terms and Conditions
- 18 Years or older any Bangladeshi Citizen with a sane mind
- Account can be opened in the name of minors and Father/Mother/Legal guardian will operate the account
- Nominee information is a must
- Account holder must have/open a settlement account before opening this account
- Demise of account holder/any of the account holders before account maturity will result in a shutdown of account immediately effective from the day of passing away. Nominee can claim the money with proper documents (Pre-mature encashment rule will be applied)
- Govt taxes applicable