"SME Double Return" is a fixed deposit product designed for SME Clients. The interest is paid to the customer only upon the account’s maturity where the deposited amount of FD will be just double (Govt. tax, Excise duty etc. on interest is applicable) after the maturity period.
Minimum Opening Amount BDT 100,000.00(One lac) only, No upper ceiling for Maximum Amount.
Amount will be double after 6 years on maturity.
Auto renewal allowed further for 1 term (6 years) after maturity.
85% SOD facility of deposited amount is available within 1 year and 95% after 1 year.
Can be used as security for SME Loan products
Eligibility to open this account
Any SME client having valid trade license for proprietorship, partnership and public limited liability company can open this account
In case of Sole proprietorship, sole proprietor declaration is required
Copy of National ID/Passport/Driving license in the name of signatories is required.
Any other legal documents as per regulatory requirement.