Income First Deposit Scheme

Tenure 3 Months 6 Months 1 Year 2 Years & above
Interest Rate 9.75% p.a. 10.25% p.a. 11.25% p.a. 11.00% p.a.
  • Full interest amount shall be paid in advance at the time of opening the deposit account.

 Terms and Conditions:

  • Any person aged 18 (eighteen) years and above is eligible to open this account.
  • Legally formed institutions may open this account.
  • Minimum deposit amount is Tk. 1.00 (One) lac.
  • Pre-mature encashment is allowed after 3 (three) months. Interest rate shall be applicable 4% less than the prescribed rate for pre-mature encashment.
  • Loan facility is allowed up to 80% of the deposit amount and interest accrued. Interest rate of loan shall be 2% higher than the deposit rate.
  • Tax and Excise Duty shall be as per the Government rules.
  • For Individuals aged 60 years & above, higher interest @0.25% than the prescribed rate may be allowed.