Pubali Pension Scheme PPS Bangladesh : Pubali Bank Limited

Name of the Organization : Pubali Bank Limited
Type of Facility : Pubali Pension Scheme (PPS)
Country : Bangladesh

Website : http://www.pubalibangla.com/PPS.asp

Pubali Pension Scheme :

Customer Eligibility:
Adult Individual

Related : Pubali Bank Bangladesh Deposit Pension Scheme : www.statusin.org/6720.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:
3/5/7/10 Years

Deposit Amount:
Tk. 100/200/300/400/500/1000/2000/3000/5000/7000 /10000/15000

Deposit Date:
1st to 12th day of each month.

Interest Rate and Type:
Initially it was 10, 11, 11, 11.25% based on duration. It may change time to time
It is compound in type

Premature Interest Rate/Encashment:
Allowed subject to following interest rate:
** Before 6 months – No interest and no penalty.
** From 6 months to 36 Months – SB interest rate.
** From 36 to 60 months – initially it was 8%. It may change time to time. No interest for fraction days
** From 60 to 84 months – initially it was 9%. It may change time to time.
** From 84 to 120 months – initially it was 10%. It may change time to time.
** No interest for fraction days. No interest for remaining days.

Pension Payment Period:
10 Years

Pension Amount:
Depend on installment size

Pay off expire depositor’s pension:
if nominee is absent, Heir can withdraw Tk. 5000/- by indemnity bond without succession certificate

Closing Procedure:
Account is temporary closed if at a time 6 month Due after 2yr OR > 1yr < 3yr at a time 3 month due
Account is automatically closed if at a time 7 month Due after 2yr OR > 1yr < 3yr at a time 4 month due

Withdrawal Procedure:
Single or Monthly Pension Basis

For any query please Contact at:
Tel: (PABX) 9551614
FAX: 880-2-9564009 or
Email us at gsdd [AT] pubalibankbd.com

Mudaraba Deposit Pension Account :
Terms and Conditions :
** Specific papers/documents on the basis of the type of the customer is required.
** Specimen Signature is required.
** Introducer is required.

** Nominee is required.
** Installment size: Any amount multiple of TK.100/-
** Deposit date: At any day of the specific month.
** Closing charge is Tk. 200/ –

Eligibility : Individual (Adult).

Premature Profit Rate :
** Encashment before one year: only actual deposit will be returned.
** Encashment before one year: only actual deposit will be returned.
** Encashment after 5 years but before 10 years: profit will be given at 5 year MDPA rate

About Us :
The Bank was initially emerged in the Banking scenario of the then East Pakistan as Eastern Mercantile Bank Limited at the initiative of some Bangalee entrepreneurs in the year 1959 under Bank Companies Act 1913 for providing credit to the Bangalee entrepreneurs who had limited access to the credit in those days from other financial institutions.

After independence of Bangladesh in 1972 this Bank was nationalized as per policy of the Government and renamed as Pubali Bank. Subsequently due to changed circumstances this Bank was denationalized in the year 1983 as a private bank and renamed as Pubali Bank Limited

Contact Us :
Pubali Bank Limited
Head Office, 26 , Dilkusha Commercial Area,
Dhaka – 1000, Bangladesh.
G . P . O. Box. Number : 853.