Shadhinota: Bi-monthly Income Scheme
Know About
Shadhinota: Bi-monthly Income Scheme
Benefit Features:
- The period of the deposit is 2 years.
- The Beneficiary will receive Tk. 1,000.00 as interest in every 02 (Two) Months against every
Tk. 50,000.00 initial deposit i.e. total 12 interest payments will be made in 02 (Two) Years and the initial deposit will be repaid upon expiry of the term. - Deposit can immediately be liquidated in FULL at any point of time. No penalty will be charged for early encashment.
- 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 the Bank.
- Bank will not impose any charge of its own. Only Government Charges will be deducted from the account.
- This product is auto renewable.
Payment schedule of the Scheme with effect from 20 October 2024 will be as follows:
|
Initial Deposit Amount (Tk.) |
Bi-Monthly Interest Amount (Tk.) @ 12.00% p.a. |
Net Payable after 10% Income tax |
Net Payable after 15% Income tax |
|
|
50,000.00 |
1,000.00 |
900.00 |
850.00 |
|
|
100,000.00 |
2,000.00 |
1,800.00 |
1,700.00 |
|
|
150,000.00 |
3,000.00 |
2,700.00 |
2,550.00 |
|
|
200,000.00 |
4,000.00 |
3,600.00 |
3,400.00 |
|
|
250,000.00 |
5,000.00 |
4,500.00 |
4,250.00 |
|
|
300,000.00 |
6,000.00 |
5,400.00 |
5,100.00 |
|
|
500,000.00 |
10,000.00 |
9,000.00 |
8,500.00 |
|
|
1,000,000.00 |
20,000.00 |
18,000.00 |
17,000.00 |
|
|
2,000,000.00 |
40,000.00 |
36,000.00 |
34,000.00 |
|
|
3,000,000.00 |
60,000.00 |
54,000.00 |
51,000.00 |
|
|
5,000,000.00 |
100,000.00 |
90,000.00 |
85,000.00 |
|
|
10,000,000.00 |
200,000.00 |
180,000.00 |
170,000.00 |
*Quoted amounts are indicative. Account can be opened for any amount that is a multiple of Tk. 50,000.00.
Notes:
- In case of providing credit facilities against scheme deposits opened from 20 October 2024, above stated interest rates are to be used in determining Minimum Lending rate.
- Other than the revisions mentioned above, all other features of the respective scheme deposit will remain unchanged until further notification.
- The Scheme Deposits opened on or before 19 October 2024 will continue as it is. Revised interest rate and payment schedule and tenure will be applicable for those scheme deposits opened or renewed from 20 October 2024.
- Excise Duty, VAT & Income Tax are to be realized from the account as circulated by the Government time to time.
- 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.
- Installment amounts of Scheme Deposits have been rounded off.
Ways to Apply
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