Name of the Organization : Trust Bank Limited
Type of Facility : Trust Kotipoti Scheme
Country : Bangladesh
Website : http://www.trustbank.com.bd/
Trust Kotipoti Scheme:
Trust Kotipati Scheme is a magic of turning customers’ monthly small amount of savings into One Crore taka over a period. With this deposit, customers have option how quickly he/she can be a Kotipati.
Related : Bangladesh Bank Trust Assurance Deposit Scheme : www.statusin.org/6786.html
Features & Benefits:
Trust Kotipati Scheme is a magic of turning customers’ monthly small amount of savings into One Crore taka over a period. With this deposit, customers have option how quickly he/she can be a Kotipati. This product is specially designed for the parents who have already started thinking of their children’s future. This product is also suitable as Pension Plan for individuals.
Under this scheme, accounts can be opened for 7 terms: 5 years, 7 years, 10 years, 12 years, 15 years, 18 years & 20 years respectively.
Depositors can choose any denomination (Mentioned in Maturity value Table at serial #6 ) of deposit per month at the time of opening the scheme.
Eligibility:
Any citizen of Bangladesh can open this account. And the account can be opened in the name of an Individual only.
Requirements:
** Photocopy of Citizenship Certificate / Passport / Voter I.D. Card / National I.D. Card / Driving License.
** Two copies of recent passport size photograph duly attested by the introducer.Certified document(s) for source of income.
** The account requires to be introduced by an existing and satisfactory account holder of Trust Bank Limited.
** Nominee form and photograph of nominee(s) (signature attested by the account holder). In case of minor nominee, copy of the birth certificate and photograph required.
** Personal Information Form.
** KYC Form.
For Support Call: 09604016201,8712951-5 EXT-333
Mudaraba Monthly Savings Scheme :
Mudaraba Monthly Saving Scheme (MMSS) is a mode of deposit under Mudaraba principles of Islamic Shariah. It is a profit / loss bearing product.
These deposits are repayable subject to a period of notice and hence known as time deposits or time liabilities meaning thereby that these are withdraw able subject to a period of notice and not on demand.
Deposits under MMSS are accepted for different tenures as decided by the Bank and are entitled to receive profit on their deposit on the basis of weightage as decided by the management. A receipt is issued against each deposit under MMSS.
Features :
** This deposit product is guided by the Mudaraba principles of Islamic shariah.
** Until otherwise decided, the profit sharing ratio is 65:35 between Client & the bank.
** Actual profit on the MMSS will be calculated at the day ended on the basis of weightage fixed by the bank.
** Bank will invest the MMSS fund through shariah compliant investment modes along with the other Mudaraba fund to earn profit.
** All Govt. Taxes, VAT, Excise duty etc imposed by the regulatory bodies time to time including management charges are applicable on MMSS.
** MMSS can be opened for 5 years, 8 years, 10 years & 12 years tenure or for any other tenure as approved by the bank.
** No profit shall be payable if the MMSS is encashed before maturity. However, bank reserve the right to pay profit on the deposit amount at the rate of provisional Mudaraba Savings Deposits.
** Present Provisional Profit rate for MMSS is 5.00% p.a.
Eligibility :
Any Person, Club, Society and similar organization also eligible to open account providing Bye-Laws/Regulation/Articles of Association acceptable to the bank.