? Uttara Bank Ltd.
Uttara Bank Ltd.

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Monthly Deposit Scheme (MDS)

Introduction :

Your familiar Time Deposit Account – now with more safety and return !

‘MDS Account’ is the account where you can deposit your money in installment with full confidence. It’s an account tailor-made to provide you a very good return for different tenure – making it the classic choice for you. You can deposit here in a 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
  • installment size: BDT.500/-, 1000/-, 2000/-, 5000/-, 10000/-, 15000/-, 20000/-, 25000/-, 30000/-
  • Tenure : 05 years & 10 years
  • No Service/maintenance Charge
  • Chart of installment, Tenure & Payable after Maturity :

Interest Rate: 6.12% for 5 years and 6.49% for 10 years

 

Installment  Tenor (Years) Maturity Amount Installment  Tenor (Years) Maturity Amount
500 5 34,669 500 10 79,636
1,000 5 69,339 1,000 10 159,220
2,000 5 138,669 2,000 10 318,353
5,000 5 346,641 5,000 10 795,899
10,000 5 693,278 10,000 10 1,591,146
15,000 5 1,039,930 15,000 10 2,386,245
20,000 5 1,386,446 20,000 10 3,181,656
25,000 5 1,733,140 25,000 10 3,978,018
30,000 5 2,079,599 30,000 10 4,773,466

The payable amount might be changed; Govt. Tax/Duty would be paid by the client.

 

Eligibility :

  • Minimum Age : 18 years
  • Bangladeshi Citizen

 

Required Documents :

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

 

Facilities :

  • Available Loan facility against face value after one year
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