Mercantile Bank 1.5 Times Benefit Deposit Scheme
Key Product Features
| Interest Rate | N/A |
|---|---|
| Tenure | 5 years 6 month |
| Interest Rate Additional Info | # In case oof premature encashment interest will be paid on Saving A/C Rate.However, no interest shall be paid if premature encashment takes place before the expiry of 1 (one) year. |
| Compounding | Yearly |
| Double/Triple Deposit? | 6.71X |
| Islamic/Conventional? | Conventional |
| Min. Amount | 50000 BDT |
| Max. Amount | N/A |
Fees and Charges
| Monthly Interest Before Tax | N/A |
|---|---|
| Excise Duty | N/A |
| Bank Charge | N/A |
| VAT | 15% |
Eligibility
Eligibility
# 18 years old. # Bangladeshi Citizen.
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
# 18 years old. # Bangladeshi Citizen.
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Other Information
Features & Benefits
# Loan may be granted up to maximum 80% of the deposited amount but the minimum principal amount must be 20000 BDT. # Loan processing fee be realized BDT 50 only and usual stamp costs also realized.
# Loan may be granted up to maximum 80% of the deposited amount but the minimum principal amount must be 20000 BDT. # Loan processing fee be realized BDT 50 only and usual stamp costs also realized.