1. Century Deposit Scheme:

Benefit Features:

1. The period of the deposit is 100 days.
2. The revised interest rate will be 10.50% p.a. with effect from 15 May 2024 instead of 10.00% p.a.
3. The initial amount can be Tk. 50,000.00 or above.
4. Interest Calculation is at actual day Basis (i.e. 365/360).
5. This product is auto renewable (principal without interest / principal with interest).
6. Credit facilities up to 80% of the deposited amount will be allowed against lien on balance of the account at the prevailing rate of interest of Bank.
7. Bank will not impose any charge of its own. Only Government Charges will be deducted from Account.
8. Link Account of this deposit can be maintained at any Branch of NBL.

Notes:

1. In case of providing credit facilities against scheme deposits opened from 15 May 2024, above stated interest rates are to be used in determining Minimum Lending rate.
2. Other than the revisions mentioned above, all other features of the respective scheme deposit will remain unchanged until further notification.
3. The Scheme Deposits opened on or before 14 May 2024 will continue as it is. Revised interest rate and payment schedule and tenure will be applicable for those scheme deposits opened / renewed from 15 May 2024.
4. Excise Duty, VAT & Income Tax are to be realized from the account as circulated by the Government time to time.
5. The calculations of deposit schemes shown above have been calculated excluding Excise Duty, VAT, Income Tax and other charges (if any). The matured value / receivable amount of above Scheme Deposits can differ due to deductions as per Government rules.
6. Installment amounts of Scheme Deposits have been rounded off.