Mercantile Bank Limited 1.5 Times Benefit Deposit Scheme

Mercantile Bank Limited

Phone: +880-2-9559333, 9553892, 9561140

Fax: +880-2-9561213

Email: mbl@bol-online.com

 

Name:1.5 Times Benefit Deposit Scheme

Category:Fixed Deposit

Benefit:Loan may be granted up to maximum 80% of the deposited amount.

DPS Type: Fixed Deposit

Initial Deposit: Minimum BDT 50,000.00 (fifty thousand)

Maturity Period: 4.25 years

Maturity Amount :1.5 times of the deposited amount will be paid back to the account holder.

 

Posted by Editorial Team on 8:20 AM in Fixed Deposit, Mercantile Bank Limited

Mercantile Bank Limited Deposit Scheme

Mercantile Bank Limited

Phone: +880-2-9559333, 9553892, 9561140

Fax: +880-2-9561213

                     Email: mbl@bol-online.com

 

Name :Advance Benefit Deposit Scheme

Category: Fixed Deposit

Description

Under this Scheme, one can deposit a certain amount of money for two years. The depositor will receive the benefit on yearly basis. The benefit amount of first year will be received in advance at the time of deposit. On maturity, the depositor will get back the principal amount with the benefit amount of second year. That is Interest is paid in two phases, first phase paid initially BDT 9,500 and second phase paid BDT109,520 after maturity against BDT 1,00,000. Loan may be granted up to maximum 70% of the deposit. This is Also known as "Agrim Munafa Amanat Prokolpo (AMAP)". BDT 76.92 million was deposited under this scheme at the end of 2009.

 

 

Posted by Editorial Team on 8:13 AM in Fixed Deposit, Mercantile Bank Limited