Shwapno (One Year Six Months – Monthly Deposit Scheme)

“Shwapno” a personal savings plan to help individuals to fulfill any desired dream. It is a short-term deposit scheme and customer will get Tk. 1.00 lac just after 1 year 6 month. Our slogan is, “Design your dream with Premier Bank through monthly installments”.

Product Feature:

  • Tenor                           : 1 Year 6 Months
  • Monthly Installment     : Tk. 5,200.00
  • Interest Rate               :  8.31% p.a.
  • 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 installments 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

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