Brac Bank Freedom Fixed Deposit

Brac Bank Freedom Fixed Deposit

Key Product Features

Interest Rate 4.75% 4.25% 4.25% 4.75%
Tenure 1 year 3 years 3 years 6 months
Interest Rate Additional Info Minimum amount required to open the General FD account is BDT 10,000
Compounding Quarterly
Double/Triple Deposit? N/A
Islamic/Conventional? Conventional
Min. Amount 10000 BDT
Max. Amount N/A

Fees and Charges

Monthly Interest Before Tax N/A
Excise Duty BDT 20000< BDT 100000 : BDT 150, BDT 100000< BDT 1000000 : BDT 500, BDT 10 Lac < 1 crore : BDT 1500, 1 crore< 5 crore : BDT 7500, BDT 5 crore and above : BDT 15000.
Bank Charge N/A
VAT 15%

Eligibility

Eligibility
#Must be a Bangladeshi citizen. #Minimum 18 years old.

Documents
Linked Account, Applicant's and nominee's 2 copies PP size Photograph, Applicant's and nominee's photocopy of NID, TIN certificates (If any).

Other Information

Features & Benefits
10% tax on interest if applicant have TIN, if they don't have TIN then 15% Tax is applicable on interest.