Mercantile Bank Advance Benefit Deposit Scheme (ABDS)

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.

Other Information

Features & Benefits
#Loan may be granted up to maximum 70% of deposit.