Monthly Savings Scheme (MSS)

Monthly Deposit Amount Range :  From Tk. 1,000/= to Tk. 25,000/= (Any Amount)

Tenure                                               : From 1 year to 10 years (any number of years)

Maturity Value for Monthly Deposit of Tk.1,000/= and to be calculated accordingly for any value between Tk. 1,000/= and Tk. 25,000/=:

Years 1 2 3 4 5 6 7 8 9 10
Maturity Value 12,650 27,100 44,250 62,500 84,250 1,08,200 1,36,000 1,65,500 1,98,000 2,36,000

 Terms and Conditions:

  • Any person aged 18 (eighteen) years and above is eligible to open this account. However, account may be opened in the name of minor, in that case account shall be operated by Parent/ Legal Guardian and the accountholder shall be eligible to operate the account at 18 years of age.
  • Legally formed institutions may open this account.
  • Depositor may choose any amount and tenure at the time of opening the account which will not be changed in future.
  • More than one account may be opened in one name.
  • Monthly deposit to be made within the month. Advance deposit is allowed. In case of failure to deposit in any month, deposit may be made in following months with 3% penalty per month.
  • Account cannot be closed before 3 (three) months and no interest will be given if closed before one year. In case of pre-mature encashment, the depositor shall get the previous period’s maturity value and no interest shall be given on fractional period.
  • If any depositor fails to deposit 3 (three) consecutive months then the account will be automatically closed.
  • The account shall be matured for payment after one month of the last installment deposited.
  • Loan facility may be allowed up to 90% of the amount deposited and interest accrued. Interest of loan shall be 15% p.a. with quarterly rest and minimum loan amount to be Tk.50,000/=.
  • Tax and Excise Duty shall be as per the Government rules.