Choice of Tenure is available for 3, 5, 10 & 15 years

Higher Interest rate (10.5%)

Monthly installment amount: Any multiple of BDT500 not exceeding BDT15,000.

Any children aged from 3 < 18 will be eligible to open EBL Junior Savings Account

Children can't open the account with anyone other than his/her parents

The name of the scheme is “EBL Child Future Plan – Deposit Protection Scheme”.

EBL Child Future Plan DPS is a monthly recurring savings scheme for the students.

Any citizen of Bangladesh aged 3 years to <18 years can open this account. Account agreement to be signed by the father or mother on behalf of the Minor (son or daughter). This account can be opened in the name of an individual only.

To open EBL Child Future Plan, the applicant must have an EBL Junior/CASA account with EBL.

Under this scheme, accounts can be opened for a period of 3, 5, 10 & 15 Years only.

Monthly installments can be in any multiple of Tk. 500 per month but not exceeding Tk. 15,000 per month in total.

A person can open multiple EBL Child Future Plan schemes.

Depositor can choose any denomination of deposit per month at the time of opening the scheme which can not be changed later on.

Any benefit from EBL Child Future Plan may come under purview of income tax or any other levy as decided by the Government of Bangladesh.

Monthly installments will be automatically realized from the customer’s EBL Junior/CASA account linked with EBL Child Future Plan. Direct cash deposit is not allowed in to EBL Child Future Plan account.

The deduction of the monthly installments will start from the day of opening EBL Child Future Plan and all subsequent installments will be deducted on the same day of following months.

Sufficient available/cleared fund must be kept in the linked EBL Junior /CASA account on or within next three days of due date to collect the deposits.

If sufficient balance (full value of installment) is not available in the corresponding EBL Junior/CASA account of the applicant for realizing monthly installment in time, accountholder will have to pay @2% installment arrear(s) at the time of realization of the next installment.

If three consecutive monthly installments are not paid – then the scheme will be closed without any notice and the account value will be transferred to customer’s EBL Junior/CASA account after deducting necessary fees and taxes.

In-case of pre-mature closure of EBL Child Future Plan, Tk. 1,000 (One Thousand Only) will be charged as Closing Fee.

Customer will get only account value (aggregate installment amount) of the deposit in case of pre-mature closure within one year (Necessary fees, taxes etc. will be deducted if applicable).

Customer will get account value (aggregate installment amount) of the deposit + interest in the prevailing savings rate, in case of pre-mature closure after one year (Necessary fees, taxes etc. will be deducted if applicable).

No credit facility will be allowed against EBL Child Future Plan.

If there is any loan of the depositor with EBL, then EBL holds the right to adjust the loan amount from the deposit which has been deposited by the EBL Child Future Plan account holder for deposit under the scheme of EBL Child Future Plan.

No Cheque Book & Passbook will be issued against EBL Child Future Plan.

These terms and conditions shall be governed by and constituted in accordance with the laws of Bangladesh and the customer and the bank is hereby irrevocably submit to the non exclusive jurisdiction of the courts of Bangladesh.

EBL reserves the right to change/alter/ratify terms and conditions, fee/charges & interest rate without any prior notice at any time.

Maturity value may differ due to irregular payment of the monthly installments.