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Deposit

A short-term recurring deposit option that helps you build savings for your child’s education or future needs, with the freedom to contribute any amount at your convenience.

Key Features & Benefits:

  • Attractive interest rate
  • Any amount can be deposited at any time
  • Account opening balance is BDT 500
  • Duration of the scheme – 4 years
  • Customer can open multiple “MTB Junior Flexi DPS”

Interest:

Amount of Deposit:

  • Each deposit must be a minimum of BDT 250 but not exceeding BDT 50,000 per month

Eligibility:

  • Nationality: Bangladeshi with Valid Identity Card (Must be a guardian)
  • Age: Child must be below 18 years at the time of account opening
  • Must have a Current/Savings account with MTB
  • Guardian on behalf of his/her minor will be able to open account

Required Documents:

  • Identification: NNID/Birth Certificate/Passport (Parent),
    Student ID Card/Birth Certificate/Passport (Child) and NID/Birth Certificate/Passport (Nominee)
  • Photographs: recent passport-size
    Student: two copies
    Parent: two copies
    Nominee: one copy (attested by account holder)
  • Proof of Income: Income source document
  • E-TIN: Electronic Tax Identification Number

Note: For MTB CASA account holders, some documents may already be on file. However, the bank may request additional documents if necessary.

Note: The amount payable at maturity /closure shall be paid subject to the deduction of tax, excise duty etc. imposed by the Government from time to time.

For more updated information, please contact our Contact Centre at 16219 (from Bangladesh) and +880 96040 16219 (from overseas), or visit the nearest branch of Mutual Trust Bank PLC.

Last updated on September 30, 2025

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