Idle cash is certainly not ideal for you. Your money can also breed money with EBL Repeat. EBL Repeat is a term deposit scheme and offers monthly return on you fixed deposit over a certain period. Not only your future is secured but also you earn the highest interest at present. Extra income every month!
Under this scheme, minimum principal amount is Tk. 100,000 (Taka One Lac Only). There is no maximum principal amount limit. Accounts in multiple of Tk. 100,000 (Taka One Lac Only) can be opened.
EBL repeat must be kept for a term of 1 year (12 Months)/ 2 Years (24 Months) / 3 years (36 Months).
EBL Repeat can be opened by EBL Account Holders only.
All payments, principal & interest, shall be paid to the above specified EBL Account only.
In case of premature closure, interest will be paid as per the following table:
EBL Repeat – 1 Year
In encashed before 3 Months interest will be paid
If encashed after 3 months, interest will be as per prevailing savings account rate
EBL Repeat – 2 Years & 3 Years
If encashed before 6 months, no interest will be paid
If encashed after 6 months, interest will be as per prevailing saving account rate
In case of early encashment for any of the above tenor, prepaid interest in FD rate will be adjusted from “EBL Repeat” principal amount.
Depositor has to pay income tax or any other tax the government may fix from time to time, as applicable.
A system-generated advice will be provided to the depositor which is non – transferable.
If there is any loan in the name of the depositor(s) with EBL, then EBL shall have the right to adjust the loan amount from the deposit, which has been deposited by the Account Holder under the scheme of EBL Repeat.
EBL Repeat Account Holders may take OD facility against EBL Repeat account (maximum 90% of the value).
Unless prior written notice is received by the Bank, the Bank will automatically renew the deposit for the same period on the maturity date at the prevailing rate of interest.