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Mercantile Bank Limited

Mercantile Bank Limited

 +88-02-9559333, 9553892

 +88-02-9561213

 it@mblbd.com

Deposits information of MERCANTILE BANK LIMITED
NameMonthly Saving Scheme
Category Deposit Pension Scheme (DPS)
Maturity Period

3 Years, 5 Years, 8 Years, 10 Years.

Rates9.38%
Maturity Amount

-

Initial Deposit
BDT 500 and in multiples of 5000 up to BDT 25000
Requirements

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Conditions

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Featured
No
Description
  • Build up habit of savings.
  • Attract small savers.
Benefit
  • In case of pre-mature encashment before 05 years, interest will be paid on Savings Account Rate. But in case of early encashment before 08 or 10 years the depositor will get full benefit up to previous slab and Savings Account Rate for each subsequent year; no interest will be paid for fraction year.
  • Upon deposit of installment for at least 01 year (minimum deposit amount must be BDT 12,000.00) under this scheme, loan may be granted up to maximum 82% of the deposited amount.
  • Loan processing fee be realized BDT 50.00 only and stamp costs also be realized.
Eligibility

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Supporting Documents

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