|Name||Money Double Program|
|Category||Double Benifit Scheme|
8 Years 6 Months.
Tk. 1.00 Lac and it's multiple.
It is a new product of deposit. It is a deposit product for a specific period of 7 years. On completion of term of 7 years the deposit amount will make the principal amount double and depositor will get double of deposited amount. Any Bangladeshi Nationals can open Money Double Program Deposit (MDPD) A/c with NCC Bank Limited.
Premature encashment of MDPD will be discouraged. However if the depositor insisted to encash the same before maturity then the following procedure will be applicable for premature encashment.
In case of post mature encashment i.e. encashment after maturity, no extra benefit will be applicable and no auto renewal is applicable against the Money Double Program Deposit (MDPD). Seperate printed receipt (Money Double Deposit Receipt) for this type of deposit has been designed and supplied to the branches.