Mercantile Bank Double Scheme
Below is the information on the Mercantile Bank Double Scheme.
| Double Benefit Deposit Scheme (DBDS) |
| Objectives |
| Give maximum benefit. Help in meeting specific needs like education, marriage, etc. Deposit becomes double in 8 years |
| Mode |
| Tenure of the deposit is 8 years. |
| Rates |
| TenureEffective Interest Rate 8 years9.06% |
| Other Features |
| The minimum amount of deposit is BDT 10,000.00(Ten Thousand) or its multiples. All taxes/duty/levy and /or any other surcharges presently in force or that may be imposed by the Government of Bangladesh (GOB) from time to time will be deducted/ recovered from the deposit account under this scheme. In case of premature encashment, interest will be paid on Saving A/C Rate. The loan may be granted up to a maximum of 80% of the deposited amount but the minimum principal amount must be BDT 20,000.00. Loan processing fee is realized BDT 50.00 only and usual stamp costs also are realized. |