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