Monthly Savings Scheme
Know About
Monthly Savings Scheme
National Bank Limited offers monthly savings scheme for it's retail customers w.e.f. 27 February 2024
NBL Monthly Savings Scheme [NMS]:
Interest for the period beyond the date of maturity up to the date of withdrawal/closure of Account shall not be paid.
The revised Monthly Installment as per revised Rate of Interest of NBL Monthly Savings Scheme:
|
Monthly Installment (in Taka) |
Terminal Value (in Taka) |
|||
|
3 Years (@9.00% p.a.) |
5 Years (@ 9.25% p.a.) |
8 Years (@9.50% p.a.) |
10 Years (@9.75% p.a.) |
|
|
100.00 |
4,125.49 |
7,579.14 |
14,169.70 |
19,895.15 |
|
500.00 |
20,627.44 |
37,895.69 |
70,848.52 |
99,475.75 |
|
1,000.00 |
41,254.89 |
75,791.39 |
141,697.05 |
198,951.50 |
|
1,500.00 |
61,882.33 |
113,687.08 |
212,545.57 |
298,427.25 |
|
2,000.00 |
82,509.78 |
151,582.78 |
283,394.10 |
397,903.00 |
|
3,000.00 |
123,764.67 |
227,374.17 |
425,091.15 |
596,854.51 |
|
5,000.00 |
206,274.44 |
378,956.95 |
708,485.250 |
994,757.51 |
|
10,000.00 |
412,548.89 |
757,913.90 |
1,416,970.50 |
1,989,515.02 |
|
20,000.00 |
825,097.77 |
1,515,827.79 |
2,833,940.99 |
3,979,030.05 |
|
30,000.00 |
1,237,646.66 |
2,273,741.69 |
4,250,911.49 |
5,968,545.07 |
|
50,000.00 |
2,062,744.43 |
3,789,569.49 |
7,084,852.48 |
9,947,575.12 |
|
1,00,000.00 |
4,125,488.85 |
7,579,138.97 |
14,169,704.97 |
19,895,150.23 |
Encashment of NMS
The revised encashment features of NBL Monthly Savings Scheme (NMS) will be as follows:
- Before Maturity
- If the account is closed before 12 months from the date of opening, no interest will be paid. Monthly interest/benefit if any paid shall be realized from the Depositor/Account holder.
- If the Account is closed after 12 months with payment of 12 installments but before 03 years (i.e. before completion of 1st term), interest will be paid as per prevailing SB interest rate.
- In case of 05 years, 08 years and 10 years term NMS, if the Account is closed after 03 years, interest for the 03 years term shall be paid at 03 years rate prevailing at the time of issuance. The interest for the rest period (fraction years, months or days) shall not be paid.
- In case of 08 years and 10 years term NMS, if the Account is closed after 05 years, interest for the 05 years term shall be paid at 05 years rate prevailing at the time of issuance. The interest for the rest period (fraction years, months or days) shall not be paid.
- In case of 10 years term NMS, if the Account is closed after 08 years, interest for the 08 years term shall be paid at 08 years rate prevailing at the time of issuance. The interest for the rest period (fraction years, months or days) shall not be paid.
- The payment of required / due installments must be completed during the period to get eligibility under serial # i to v above.
- Beyond Maturity
Interest for the period beyond the date of maturity up to the date of withdrawal/closure of Account shall not be paid.
Ways to Apply
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