Dutch-Bangla Bank Millionaire Scheme
Dutch-Bangla Bank offers various types of deposit products. MDS is one of them. It is a special savings plan with different tenures and amounts that allows customers to deposit monthly and return the capital with profit at the end of the term.
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| Dutch-Bangla Bank Millionaire Deposit Scheme |
Who can open MDS account?
A Bangladeshi citizen of 18 years of age can open an MDS account with Dutch-Bangla Bank even in the name of his legal guardian in the name of a minor.
Dutch-Bangla Bank Millionaire Deposit Scheme feature
- The customer can open the millionaire scheme at any branch of Dutch-Bangla Bank.
- Dutch-Bangla Bank offers timely profit rates in Millionaire Scheme. That is, Dutch-Bangla Bank pays profit rates in line with the profit rates of other banks in Bangladesh.
- One of the features of the Dutch-Bangla Bank Millionaire Scheme is the 90% SOD loan facility on the deposited amount. In other words, the customer can take 90% SOD loan on top of the deposited amount according to his needs for special needs. The tenure of this loan is 1 year. The customer can also repay this loan through EMI method if he wants.
- Facility of withdrawal before maturity. In other words, the customer can withdraw the money before maturity in case of urgent need. You will also get profit if applicable.
- In Dutch-Bangla Bank's Millionaire Scheme, customers can pay installments on any working day of the month.
If a customer fails to pay installments for 2 consecutive months, he can still continue the scheme in the third month with very little penalty.
Dutch-Bangla Bank Millionaire Scheme Installment Amount
- By depositing only 6,092 taka per month for a period of 10 years, the customer will get 10 lakh taka at the end of the term.
- By depositing only Tk 6,996 monthly for a period of 9 years, the customer will get Tk 10 lakh at the end of the term.
- By depositing only 8,131 taka per month for a period of 8 years, the customer will get 10 lakh taka at the end of the term.
- By depositing only Tk 9,598 monthly for a period of 7 years, the customer will get Tk 10 lakh at the end of the term.
- By depositing Tk 11,562 monthly for a period of 6 years, the customer will get Tk 10 lakh at the end of the term.
- By depositing only Tk 14,322 per month for a period of 5 years, the customer will get Tk 10 lakh at the end of the term.
- By depositing only Tk 18,475 monthly, the customer will get Tk 10 lakh after 4 years.
- By depositing only Tk 25,400 monthly, the customer will get Tk 10 lakh at the end of 3 years.
Read more - Janata Bank Millionaire deposit scheme
Documents required for Dutch-Bangla Bank Millionaire Scheme
- Photocopy of account holder's NID card or passport, or birth registration or driving license.
- Two recent passport size photographs of the account holder duly attested by the introducer or introducer.
- Photocopy of nominee's NID, or passport or birth registration or driving license to be attested by the account holder.
- 1 copy of recent passport size photograph of the nominee which must be attested by the account holder.
- Account Holder's Teen Certificate if any.
If you have tin certificate your tax deduction will be 10%. And if you don't have a teen certificate, your tax deduction will be 15%.
Customer must have a savings account with Dutch-Bangla Bank for Millionaire Scheme.