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 Rate 8 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.
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.