Registered Retirement Deposit Plan (RRDP)

Registered Retirement Deposit Plan, a personal savings plan for individuals to secure future registered with The Premier Bank Limited, which will magically turn your monthly deposit of small amount in to Tk. 1.00 Crore.

Tenor/Monthly Instalment

Term in Years	Monthly Instalment	Maturity Value
10	50662.00	Tk. 1.00 Crore
12	37603.00	Tk. 1.00 Crore
15	25142.00	Tk. 1.00 Crore
20	13779.00	Tk. 1.00 Crore
25	7864.00	Tk. 1.00 Crore

Product Features:

• Maturity Value Tk. 1.00 Crore.
• Loan Facility Available up to 85 % of deposit amount after 6 Months of opening scheme but not less than Tk. 100,000.00

Insurance Features:

• If customer planning to save from his hard-earned income and wants the return to be guaranteed – The Premier Bank PLC offering the monthly savings scheme with life insurance protection that guarantees the maturity value even if you decease after depositing only a single instalment. Registered Retirement Deposit Plan is the right product for you.
• Life insurance protection guarantees the maturity value even customer dies due to any cause (excluding: pre–existing illness, AIDS, Suicide, Murder or Assault, war or warlike operation etc.) even after depositing only a single instalment.
• The monthly instalments have built in life insurance coverage, which assures the maturity value of the deposit in case of depositor’s death.
• Insurance policy is available up to 15 years package.
• The depositors shall be bound by the terms and conditions stated in the insurance policy.

Terms and conditions:

• The first instalment may be deposited at any date of the month but subsequent instalments shall have to deposit by the 10th day of every month.
• Tax or levy as imposed by the government from time to time shall be deducted at source at the time of encashment of the scheme.
• When a depositor fails to pay four consecutive instalments at any point of time, he/she will case to remain within the purview of the account and will be treated as ordinary savings account holder.
• When a depositor fails to deposit any instalments in time, he/she will have to pay a fine @2% at the time depositing next instalment.