This is a one-time Fixed Deposit scheme where the deposit doubles in 10(Ten) years 03(Three) months period of time.
MTB Double Saver
MTB Double Saver has the magic of turning customer’s savings into double over a certain period. With this deposit scheme, customer have option how quickly he/she can make the money double.
The customer can avail loan up to 90% of the deposited amount. Minimum loan amount will not be less than BDT 25,000.00.
The customer can avail credit card limit up to 80% of the deposited amount. Minimum credit card limit will not be less than BDT 10,000.00.
Terms & Conditions
Any adult individual/individuals in single or joint name 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 within the same branch.
If the depositor wishes to withdraw the deposited amount before maturity, the interest will be paid at the prevailing MTB Regular Savings interest rate at that particular circular set by the bank.
If the address of the depositor is changed, it should be notified to the nearest by branch in formal writing immediately or have to fill a prescribed form.
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 and proof of documents. 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.
Pre-Tax Maturity Value
Half Yearly Interest Rate
10 Years 3 Months
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