CUMULATIVE DEPOSIT SCHEME (CDS)

To meet bulk amount in future, BD Finance introduced a new and comprehensive Cumulative Deposit Scheme. Just open an account under this scheme and enjoy higher deposit interest on quarterly compounding basis.

PARTICIPATION IN THE SCHEME

  • Individual, Professionals or Housewives,
  • Banks, Financial Institutions or Insurance companies,
  • Proprietorship/Partnership Firms
  • Associations, Company or Corporate Bodies,
  • Trust, Charitable Society and Institutions,
  • NGOs and INGOs
  • Municipalities, Government/Quasi Government Bodies,
  • Organization, corporation, or agency

SALIENT FEATURES AND BENEFITS

  • Minimum amount of deposit is BDT 10,000/- and maximum BDT 1,000,000/-.
  • The period of deposit ranges from a minimum of one year up to a maximum of 5 years.
  • Higher interest rates
  • Attractive rate of interest as decided by bank from time to time on maturity patterns.
  • Saving towards future capital expenditure
  • Security of Cash
  • Return on Investment
  • Annual yield and date of maturity to be informed to the depositor.
  • Providing service in fair and friendly environment.
  • Maintaining easy terms and conditions
  • No hidden costs.

CREDIT FACILITY

  • The investors may avail up to 80% to 90% loan facility against deposited amount.

CONDITION APPLY

  • Government charges including source tax and excise duty are applicable.

OPENING AND OPERATION

  • Any resident in Bangladesh can open accounts in single name or in joint.
  • Allow to open more than one account for different installment in a branch/ institution.
  • Nomination facility is available
  • Transfer of accounts from one branch to another branch is possible.
  • Safe Custody and automatic renewal of deposits are undertaken

For further information on the product, please visit or call at your nearest Branch or Corporate Head Office