Name of the Organization : Pubali Bank Limited
Type of Facility : Shiksha Sanchaya Prakalpa (SSP)
Country : Bangladesh
Website : http://www.pubalibangla.com/SSP.asp
Shiksha Sanchaya Prakalpa :
Customer Eligibility:
Adult Individual
Related : Pubali Bank Bangladesh Dwigun Sanchay Proklpa : www.statusin.org/6708.html
Account Opening Procedure:
** Prescribed application form
** Photograph of Account holder is required
** Photograph of the nominee(s) is/are required
** Specimen Signature required
Introducer:
Required
Joint Account Concept:
Joint Account allowed
Duration:
10 Years
Deposit Amount:
Tk. 200/500/1000/2000/5000/10000
Deposit Date:
10th-17th of the month
Interest Rate and Type:
It is 11%. It may change time to time
It is simple in type
Premature Interest Rate/Encashment:
Allowed subject to following interest rate:
** – Before 12 months – No interest and no penalty.
** – From 12 months to 36 Months – SB interest rate.
** – From 36 to 60 months – initially it was 6%. It may change time to time. No interest for fraction days
** – From 60 to 84 months – initially it was 8%. It may change time to time.
** – From 84 to 120 months – initially it was 9%. It may change time to time.
** – No interest for fraction days. No interest for remaining days.
Loan Facilities:
** Period of A/C: At least 2 years
** Loan Limit: 80% of total Deposit Amount
** Loan Period: 2 years or within least period of Maturity
** Loan Type: Demand Loan
** Interest Rate(%): SSP rate+3%
** Installment: Monthly Basis or Single
Excise Duty, Source Tax and Incidental Charge:
** Source Tax: Yes
** Excise Duty: No
** Incidental Charge: No
Closing Procedure:
** Account is temporary closed if at a time 3 months Due
** Account is automatically closed if at a time 4 months Due
Withdrawal Procedure:
Single
For any query please Contact at:
Tel: (PABX) 9551614
FAX: 880-2-9564009 or
e-mail us at gsdd [AT] pubalibankbd.com
Hire Purchase Shirkatul Melk (HPSM) :
Terms and Conditions :
** Specific papers/documents on the basis of the type of the customer.
** Photograph of Account holder is required.
** Specimen Signature is required.
** Introducer required.
** Nominee required in case of individual.
** Initial Deposit not compulsory.
** HPSM Investment to Commercial and Industrial undertaking in the form of Land, buildings, flats, commercial buildings, machineries, air conditioners, equipments (Lift & Elevators), transports, vehicles etc.
** HPSM Investment to Agriculture in the form of agricultural equipments, machineries, shallow tube wells, deep tube wells, tractors, trailers, etc.
** HPSM Transport in the form of Transport Bus, Car, Taxi, Launch, Cargo, Vessel, etc.
** HPSM in the form of Home Appliances and transshipment carriers etc. Hospital equipments, ambulance etc.
Eligibility :
** Individual (Adult).
** Sole trader ship Firm.
** Partnership Firm.
** Joint Stock Company.
** Non Trading Concern (Club, Society etc).
** Govt./Autonomous Bodies.
** NGOs.
Benefits/Features :
** Investment will be given and invested According to Shariah principles
** In Hire Purchase under Shirkatul Melk Agreement, the exact ownership of both the Hire (Bank) and Hirer (Client) must be recognized
** As the ownership of hired portion of the asset lies with the Hire (Bank) and rent is paid by the Hirer (Client) against the specific benefit, the rent is not considered as price or part of price of the asset
** Multiple Account May be allowed if sanctioned by the Authority
** Joint Account Allowed
** No Closing Charge
** Compound profit with quarterly rest
** Quarterly profit application in March, June, September and December each year
** Withdrawal Frequency Random by the Customers within the sanctioned limit. Excess over the limit may be allowed by the competent authority
** No profit on credit balance. Interest to be recovered for debit balances only. Daily product basis.