Mercantile Bank Special Notice Deposit Account

Mercantile Bank Special Notice Deposit Account

Key Product Features

Interest Rate 6.50% 5.50% 3.50% 3.00% 2.50%
Tenure N/A N/A N/A N/A N/A
Interest Rate Additional Info #If any customer wants to withdraw their money from the account, he/she has to inform before 7 days. #Interest rate always varies on the total amount, not tenure or customer.
Compounding Yearly
Double/Triple Deposit? N/A
Islamic/Conventional? Conventional
Min. Amount 500000000 BDT
Max. Amount 1000000000 BDT

Fees and Charges

Monthly Interest Before Tax N/A
Excise Duty N/A
Bank Charge #Account Maintenance Fee: Maximum BDT 500.00 Only (half yearly basis) #Account Closing Fee: Maximum BDT 300.00 Only
VAT 15%

Eligibility

Eligibility
# বাংলাদেশি নাগরিক হতে হবে। # কমপক্ষে ১৮ বছর বয়সী হতে হবে

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
#MICR Cheque Book with every SND account is a must.