MTB Double Saver
This is a one time Fixed Deposit scheme where the deposit doubles in 7(seven) years 6(six) months.
Terms & Conditions
Any adult individual/individuals in single or joint name and any government or non-government organization can invest in this scheme. The minimum deposit of this scheme is BDT 50,000.00 and there is no limit for maximum amount to open an account.
More than one account can be opened by the same depositor with the same branch.
The tenure of this scheme is 7(seven) years 6(six) months.
If the depositor wishes to withdraw the deposited amount before maturity, the interest will be paid at the prevailing MTB Regular Savings interest rate.
If the address of the depositor is changed, it should be notified to the branch in writing immediately.
In case of death of the account holder(s), the scheme will cease to function. The amount will be paid to the nominee(s)/heir(s) with applicable interest as per rules on proper identification. If the nominee(s)/ heir(s) want(s) to continue the account until maturity, s/he would inform in writing within 30 days from the death of the account holder.
Tax at source, excise duty etc. will be deducted from the payable amount as per government rules.
Other terms and conditions shall be governed by the rules and regulations of Mutual Trust Bank Limited under the existing laws applicable in Bangladesh.
The bank also reserves the right to change the rules/procedures of the scheme as per necessity.
- The depositor can avail loan up to 90% of the payable amount. Minimum loan amount will not be less than BDT 25,000.00.
- The depositor can avail credit card limit up to 80% of the payable amount. Minimum credit card limit will not be less than BDT 10,000.00.
|Rate of Interest||Maturity period
|9.46%||07 years 06 months