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National Credit and Commarce Bank Limited

National Credit and Commarce Bank Limited

 PABX: 9561902-4, 9566283, 9563981-3

 880 2 9566290

 info@nccbank.com.bd

Deposits information of NATIONAL CREDIT AND COMMARCE BANK LIMITED
NameMoney Double Program
Category Double Benifit Scheme
Maturity Period

8 Years 6 Months.

Rates9.50%
Maturity Amount

-

Initial Deposit
Tk. 1.00 Lac and it's multiple.
Requirements

-

Conditions

-

Featured
No
Description

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.

Benefit

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.

  •   For less then 12 months: No interest will be paid other then principal amount, but charges to be realized from the principal amount of deposit.

  •   For more then 12 months:Interest will be paid at existing rate applicable to Savings Bank Deposit A/c and charges to be realized from the proceeds.

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.

Eligibility

-

Supporting Documents

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*Bdbankbazaar is not responsible for any discrepancy of any terms and condition , rate of respective Bank/ NBFI