Mercantile Bank Advance Benefit Deposit Scheme (ABDS)
Key Product Features
| Interest Rate | 9.50% |
|---|---|
| Tenure | 2 years |
| Interest Rate Additional Info | Per 1Lac BDT , you will get BDT 9500 for 1st Year and BDT 9250 for the second year. (Not available now) |
| Compounding | Yearly |
| 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 | N/A |
| Bank Charge | N/A |
| VAT | 15% |
Eligibility
Eligibility
# 18 year 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 year 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 70% of deposit.
#Loan may be granted up to maximum 70% of deposit.