Organization : Eastern Bank Ltd
Facility : EBL Aspire Scheme
Country : Bangladesh
Website : https://www.ebl.com.bd/
EBL Aspire Scheme
1. Invest today for your child’s bright future tomorrow.
Related : Green Banking Policy Eastern Bank : www.statusin.org/27114.html
2. EBL Aspire is a midterm recurring deposit protection scheme (DPS) with higher return which will help you to save for your child’s future.
Features:
** Choice of Tenure is available for 3, 5 and 7 years
** Monthly installment amount : any multiple of BDT 1000, starting from BDT 5000 not exceeding BDT 100,000.
** Any EBL Junior and Campus account holder can open this account
** No Initial Deposit needed
** Automatic realization of monthly installments
** Maximum 90% Loan facility against EBL Aspire Scheme for Campus account holders
In case of Early encashment, Interest forfeiture will be as below :
** Closed Before One Year – No Interest will be provided
** Closed After one Year but before three Year Interest at Savings Rate
** Closed After 3 Year 2% less than EBL Aspire Scheme Rate
The below Maturity Value Table shows the different installment amounts on available tenures :
| Monthly Installment | Maturity Amount | 3 year | 5 year | 7 year |
| 5,000 | 200,815 | 360,052 | 543,144 | |
| 10,000 | 401,630 | 720,105 | 1,086,289 | |
| 15,000 | 602,445 | 1,080,157 | 1,629,434 | |
| 20,000 | 803,260 | 1,440,210 | 2,172,579 | |
| 25,000 | 1,004,075 | 1,800,263 | 2,715,724 |
Note :
** For other installments maturity value will follow the above table; i.e. if monthly installment is BDT 800 for 5 years, the maturity value will be 1.6*360052= 576083.2 (as 8000/5000=1.6).
** Above Monthly Installments are based on prevailing interest rate, and will change with rate change.
** Maturity value is subject to proper and regular payment of the prescribed monthly installments
** Maturity Amount showed here is subject to income tax and/or other levies.
Eligibility :
** Must be EBL Campus/Junior Account Holder
** Citizen of Bangladesh
EBL Campus Account :
Key Features :
** Attractive interest rate.
** Interest will be calculated on daily balance.
** Local VISA debit card facilities
** Free ATM cash withdrawal facilities at all EBL ATM’s.
** Free internet banking facilities.
** No minimum balance fee.
** No account maintenance fee.
** Minimum Initial deposit amount is only BDT1,000/=
Eligibility & Requirements :
** Any student aged from > 18 – 28 years will be eligible to open EBL Campus Account.
** Minimum balance for interest accrual BDT 10,000/=
Required documents to open EBL Campus account :
** Photocopy of Valid Student ID Card
** Photocopy of National ID/Passport or Ward Commissioner certificate with photo(Photo must be attested by ward commissioner)
** One copy passport size photograph of the student.
** One copy passport size photograph of nominee.
** Copy of recent utility bill (Gas, Electricity, Wasa, Telephone) as a proof of mailing address
Special Benefits :
** Discount on Student File processing fees.
** Discount on EBL Education Loan processing fees.
Complementary Insurance Coverage :
EBL Campus Account holder will be entitled for the following coverage:
** Loss of Life of the paying parent due to accident – BDT 5,000 per month for 60 months for the Tuition Protection of the student.
** Permanent Total Disability (PTD) of the paying parent due to accident – BDT 5,000 per month for 60 months for the Tuition Protection of the student
** Accidental Medical Reimbursement Benefit for student: up to BDT 15,000
About Us :
Over the past twenty-four years product innovation, state-of-the-art IT solutions and excellence in service proposition have become synonymous with Eastern Bank, best known in its shorter version EBL.
EBL is the first bank in Bangladesh to be awarded Ba3 ratings by Moody’s in March 2016. The outlook rated by Moody’s is stable.
The ability to innovate and keep pace with the fast changing world made EBL the most valuable financial brand in Bangladesh. Established in 1992, EBL has always been a forerunner in product and service innovation.
Especially in the past three years, the Bank introduced 12 new-to-Bangladesh financial products and services.
EBL is first in many areas including the first bank in Bangladesh to go online in its effort to go green; first to introduce internet banking, first to introduce VISA Platinum and Signature cards, first to offer priority banking proposition, first to introduce world renowned core banking solutions UBS.
Contact Address :
Head Office
Eastern Bank Ltd.
10 Dilkusha C/A
Jiban Bima Bhaban, Dhaka
Bangladesh
Phone: + 88 02 9556360
Fax: + 88 02 9562364
Swift Code: EBLDBDDH