Mercantile Bank Double Scheme
Below is the information on the Mercantile Bank Double Scheme.
|Double Benefit Deposit Scheme (DBDS)|
|Give maximum benefit.Help in meeting specific needs like education, marriage etc.Deposit becomes double in 8 years|
|Tenure of the deposit is 8 years.|
|TenureEffective Interest Rate8 years9.06%|
|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.Loan may be granted up to maximum 80% of the deposited amount but minimum principle amount must be BDT 20,000.00.Loan processing fee be realized BDT 50.00 only and usual stamp costs also be realized.|