Shwapno (Two Year Monthly Deposit Scheme)

“Shwapno” a personal savings plan to help individuals to fulfil any desired dream. It is a short-term deposit scheme and customer will get Tk. 1.00 lac just after 1 year. Our slogan is, “Design your dream with Premier Bank through monthly instalments”.

Product Feature:

• Tenor : 2 Year
• Monthly Instalment : Tk. 3,800.00
• Interest Rate : 9.50% p.a. (Appx)
• Maturity Value : Tk. 100,000.00 (Excluding TAX)
• Loan Facility : Available up to 85% of deposit amount
• Customer Eligibility : Account can be opened by Individual/Joint/NRB and Minor can also open account with their parents.
• Age : No bar

Terms & Conditions:

• It is mandatory to have an account with this Monthly Deposit Scheme
• If depositor fails to pay 2 consecutive instalments at any point of time, the scheme will be cancelled and no interest will be paid. Principal amount will be transferred to link account automatically.
• In case of premature encashment, no partial interest will be allowed on the deposited amount.
• 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
• A person can open more than one account for different amount of deposits under any branch of the bank.

* For any further query please contact your nearest Premier Bank Branch.