www.statusin.org

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

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

Deposit Pension Scheme (DPS):

Customer Eligibility:
Adult Individual

Related :

Bank Pubali Pension Scheme PPS Bangladesh : www.statusin.org/6719.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: 10/20 Years
Deposit Amount: Tk. 100/200/300/400/500
Deposit Date: Within 8th of the month

Interest Rate and Type:
It is 12%. It may change time to time
It is compound in type

Premature Interest Rate/Encashment:
Allowed subject to following interest rate:
** Before 12 months – No interest and no penalty.
** From 12 to 36 months – initially it was 10%. It may change time to time. No interest for fraction days
** From 26 to 120 months – initially it was 11%. It may change time to time. No interest for fraction days. No interest for remaining days.

Pension Amount: Depend on installment size

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

Withdrawal Procedure: Single or Monthly Pension Basis

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

Fixed Deposit Receipt (FDR) :
Customer Eligibility :
** Government Organizations
** Autonomous and Semi Autonomous Organizations
** Non Finance Public Enterprise
** Local Authority
** Insurance Companies and Pension Funds
** Public Non Banking Financial Organizations
** Other Financial Public Organizations
** Others Bank
** Individual and Others
** Legal guardian can open term deposit account in the name of minor(s)

Account Opening Procedure :
** Prescribed application form
** Photograph of Account holder is required
** Photograph of the nominee(s) is/are required
** Specimen Signature required

Introducer :
May not be required
Joint Account Concept :
Joint Account allowed

Withdrawal :
** Payment on maturity or premature encashment
Interest withdrawal :
** Option to withdraw the accrued interest retaining the principal amount on or after maturity.

Premature Encashment :
** Before 3 months – No interest and no penalty.
** After 3 months – Interest to be paid for 3 months on applicable rate but no interest for remaining days.

** After 6 months – Interest to be paid for 6 months on applicable rate but no interest for remaining days.
** After 12 months – Interest to be paid for 12 months or multiple of 12 months on applicable rate but no interest for remaining days.

Renewal Procedure :
** Renewal is allowed on maturity if desired by the depositor.
** Instruction from the customer to be obtained at the time of issuing of FDR whether to be renewed for the same period at the prevailing rate
** No renewal is allowed after the death of the depositor.

Auto Renewal :
** In absence of any instruction from the depositor, the FDR shall be treated renewed 1(one) time only for 3 (three) months term automatically at the prevailing rate

Overdue FDR :
** If not renewed the entire balance will be treated as Overdue Fixed Deposit.
** Interest ceases to accrue on overdue FDR.

Interest Rate :
** Period wise interest rate is different.
** Interest rate changes time to time.
** Account wise separate interest rate is allowed
** Source Tax (if has TIN 10% or without TIN 15%) on interest**
** Excise duty applicable