AB Bank – Deposit Double Scheme

The idea for the deposit double scheme was to give people more incentive to recycle. The process is simple – when a person recycles, they get an amount of money added to their account.

Features

• Monthly installment based savings scheme with maturity value of Tk.1,000,000 ( One million ).
• Can be opened for 3, 4, 5 or 6 years.
• Loan/overdraft facility may be allowed up to 90% of the deposited amount subject to minimum loan amount of Tk.15,000.

Interest Rate

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Interest Rate 5.50% p.a. and tenor wise installments are as follows:

Tenors		3 years	4 years	5 years	6 years
Without initial investment:		25,800	18,850	14,720	11,970
With initial Investment:	50,000	24,300	17,720	13,800	11,170
	75,000	23,550	17,150	13,320	10.77
	100,000	22,800	16,580	12,850	10,370
	125,000	22,100	16,000	12,400	9,970
	150,000	21,320	15,450	11,920	9,570
	175,000	20.58	14.87	11,450	9,170
	200,000	19,830	14.3	10.98	8,770

Returns (Interest income is subject to tax)

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