Plain Term Deposit

• Minimum deposit is Tk. 50,000/- and there is no limit for maximum amount.
• Account can be opened singly or jointly.
• Customer is eligible to open more than one account in the same branch.
• The period of TDR may be 3, 6, 12, 18 or 24 months.
• For premature encashment within 3 months no interest will be paid for 3 months TDR but for 6, 12, 18 or 24 months, the preceding tenure and rate will be applicable.
• The depositor must nominate one or more persons as nominee. In case of death, the deposit proceeds will be paid to the nominee(s).
• The account shall be governed by the terms and conditions as contained herein and shall be subject to the laws of Bangladesh as applicable from time to time. BLI reserves the right to change rules as and when deemed necessary.
• Maturity value is an indicative figure. Tax/Excise duty will be deducted as per Govt. rules.
• Loan Advantage: The customer can avail loan up to 90% of the deposited principal amount. The rate of interest will be minimum 2.5% above the interest rate of deposit.

APPLY INSTRUCTION

Documents required to open an account
Individuals:
• Account Opening Form – duly filled in.
• Proof of Source of Income (wherever applicable).
• One photo of each applicant(s) and nominee(s).
• Copy of NIDs of each applicant(s) and nominee(s).
• Copy of Passport/ Driving License if NID not available.
• Copy of E-TIN of each applicant(s).

Institutional:
• Account Opening Form – duly filled in.
• One photo of each applicant(s) and nominee(s).
• Copy of NIDs of each applicant(s) and nominee(s).
• Copy of Trade License / Memorandum of Article & AoA.
• Certificate of Incorporation.
• Board Resolution for opening the deposit account.
• Form XII – wherever applicable.
• Copy of E-TIN of the institution.

Deposit Account Openning Form