Mercantile Bank Family Maintenance Deposit (FMD)

Mercantile Bank Family Maintenance Deposit (FMD)

Key Product Features

Interest Rate 6.49%
Tenure 3 years
Interest Rate Additional Info #Depositor will get a certain sum of money in each month proportion to his/her deposit during the entire tenure. #In case of premature encashment interest will be paid on Saving A/C Rate.
Compounding Yearly
Double/Triple Deposit? N/A
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%


# 18 year old. # Bangladeshi Citizen.

#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 forced encashment value on the date of loan processing. During the period of continuation of loan, quarterly benefits will be credited only to loan account. #Create investment opportunities for Non-Resident Bangladeshi. #Give investment opportunities for Trust; Foundation etc. #Explore investment opportunities for school, college, university etc.