Open FDR Account

Terms & Conditions

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Terms And Conditions

  • Fixed deposits can be opened only for individual accounts.
  • Fixed Deposit can be opened at any amount but for a specific period which can be renewed further for the same period at prevailing rate of profit/interest.
  • The profit/interest rate will be applicable as fixed by the bank from time to time for a specific period.
  • Rate of profit/interest for auto-renewal will be in line with prevailing rate of profit/interest.
  • Bank reserves the right to amend any clause/profit/interest rate of the Fixed deposit at its own discretion.
  • In case of death of the deposit holder(s), nominee will receive the proceeds subject to compliance of following:
    •       i. Submission of death certificate and grave-yard certificate.
    •       ii. Copy of NID of nominee or legal guardian (when the nominee is minor)
    •       iii. In absence of nominee, succession certificate from the court to be produced by the claimant.
  • The client will have the option to avail a credit facility up to 90% of his deposit amount.
  • Profit/Interest earned from the FDR will be paid after deduction of Income Tax, Excise Duty or any other levies as decided by the Govt. from time to time.
  • Bank's prevailing rules will be applicable for early or premature encashment.
  • If there is any loan in the name of the client Dhaka Bank PLC., bank will have the right to set-off the dues before paying the amount.