? Uttara Bank Ltd.
Uttara Bank Ltd.

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Uttaran Millionaire Deposit Scheme

Introduction :

‘Uttaran Millionaire Deposit Scheme’ is the account where you can deposit your money in installment with full confidence. It’s an account tailor made to provide you very good return for different tenure – making it the classic choice for you. You can deposit here in single or joint name.

 

Best for you if you have

  • The willingness of regular Savings
  • The requirement of the highest safety of your money

 

Features :

  • More than one account can be opened
  • Pre-matured Encashment facility on condition
  • Monthly installment amount  may be realized  from  the  customer's  personal UBL savings/current  account
  • The account may be transferred to any branch at the request of the account holder(s).

 

Interest Rate: 6.14% for 5 years and 6.74% for 10 years (Payable at Maturity)

 

Initial Deposit
Year 0 50,000 100,000 200,000 300,000 400,000 500,000
Monthly lnstallment
1 80,885 76,610 72,345 63,800 55,259 46,720 38,178
2 39,345 37,150 34,960 30,573 26,187 21,800 17,414
3 25,515 24,013 22,512 19,510 16,510 13,508 10,507
4 18,610 17,455 16,301 13,991 11,680 9,372 7,062
5 14,479 13,532 12,583 10,687 8,792 6,898 5,001
6 11,731 10,921 10,112 8,492 6,873 5,253 3,634
7 9,776 9,065 8,353 6,930 5,507 4,085 2.662
8 8,315 7,677 7,040 5,763 4,488 3,213 1,938
9 7,183 6,603 6,022 4,861 3,699 2,539 1,378
10 6,283 5,748 5,212 4,142 3,072 2,002 934

*Payable amount might be changed; Govt. Tax/Duty would be paid by the client.

 

Schedule of deposit:

The first installment to be deposited at the time of account opening and rest of the monthly installments to be deposited on or before the 10th day of each month, failing which penal interest will be imposed @ 1 % per month on installment amount or minimum Tk.50 per month for each irregular installment (s). If the 10th day of any month becomes govt. holiday, the account holder(s) will deposit on the following working day without penalty. Installment (s) in advance may be allowed.

 

Eligibility :

  • Minimum Age: 18 years
  • Bangladeshi Citizen

 

Required Documents :

  • 02 (two) copies of PP size Photograph
  • Photocopy of NID / Passport / Driving License
  • Application for opening account (available at all branches)

 

Facilities: Loan may be availed

  • Up to 36 months 80% of total deposited amount &
  • Above 36 months 90% of total deposited amount.
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