UCB Bank Fixed Deposit Rate
FDR refers to keeping the customer's money fixed or permanent in the bank for a specified period of time. UCB Bank FDR offers attractive profit. On completion of the fixed term, the customer also gets back the capital along with the attractive profit.
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| UCB Bank FDR |
UCB Bank FDR feature
- One of the features of UCB Bank FDR is automatic restart. That is, if the customer does not withdraw the money even after the expiry date, the account will be automatically activated.
- Single and joint account opening facility.
- A person can open more than one FDR account if he wants.
- One of the features of UCB Bank is SOD loan facility. That is, the customer gets up to 90% SOD loan facility against his deposit. The tenure of this SOD loan is one year. Customers can also pay through EMI mode if they want.
- Encashment facility before maturity. That means if you want you can cancel the FDRT and withdraw the money before the maturity. If you cancel the FDR before maturity then no interest will be paid on one month and three month FDR.
- Interest rate will be applicable if FDR is done for 6 months, 12 months, 24 months and 36 months.
How much money UCB Bank pays in the period
- UCB Bank pays 1% interest on FDR of one month or more but less than three months.
- UCB Bank offers 6.35% interest on FDR of three months or more but less than six months.
- UCB Bank offers interest of 6.35% on FDR of six months or more but less than one year.
- UCB Bank offers 6.50% interest on FDR of one year or more but less than three years.
But keep in mind that if FDR is broken before maturity, the profit will be distorted.
UCB Bank FDR monthly profit
- 1 lakh at the rate of 6.50% will get a net profit of 6500 taka before tax deduction.
- 541 taka per month before tax deduction.
- After 10% tax deduction you will get monthly profit of 486 taka if you have tin certificate.
- If you don't have tin certificate you will get monthly profit of 460 taka after 15% tax deduction.
You may interest - Agrani Bank Fixed Deposit Rate
Documents are required for UCB Bank FDR
- Photocopy of Account Holder's NID Valid Passport or Birth Registration.
- Address proof documents such as electricity bill, water bill or gas bill must be provided.
- Two recent photocopies of the account holder.
- Photocopy of Nominee's NID Card Valid Passport or Birth Registration.
- One recent photograph of the nominee.
- E Tin Certificate if any.