Prime Edu DPS is a monthly instalment/recurring deposit scheme where customer makes monthly deposit of equal amount over a period of time and in return gets lump sum at maturity depending on instalment size & tenure.
Eligibility
- Bangladeshi citizen of any age
- Active linked/transactional CASA account
- For minors, the account can be opened singly or jointly with a parent/ legal guardian, with their operating mandate
Features
- Attractive Interest at 9.25%
- Instalment size of BDT 500 & its multiples
- Flexible tenure of 5/10/15/20 years
- Early encashment eligibility with favorable forfeiture rule
- Loan or overdraft facility up to 90% of the deposited amount
Matured value of Prime Edu DPS
|
Monthly Instalment(BDT) |
Maturity Value (BDT) |
|||
|
5 Years @ 9.25% |
10 Years @ 9.25% |
15 Years @ 9.25% |
20 Years @9.25% |
|
|
500 |
38,180 |
98,490 |
193,770 |
344,280 |
|
1,000 |
76,360 |
196,980 |
387,540 |
688,560 |
|
5,000 |
381,800 |
984,900 |
1,937,700 |
3,442,800 |
|
10,000 |
763,600 |
1,969,800 |
3,875,400 |
6,885,600 |
|
20,000 |
1,527,200 |
3,939,600 |
7,750,800 |
13,771,200 |
|
30,000 |
2,290,800 |
5,909,400 |
11,626,200 |
20,656,800 |
|
40,000 |
3,054,400 |
7,879,200 |
15,501,600 |
27,542,400 |
|
50,000 |
3,818,000 |
9,849,000 |
19,377,000 |
34,428,000 |
Note:
- Maturity value is subject to proper and regular payment of the prescribed monthly installments.
- Maturity Amount mentioned above is before Tax & Excise Duty
- For other installments maturity value will follow the above table; i.e. if monthly installment is BDT 2,500 for 5 years, the maturity value will be 37,925*5=1,89,625 (as 2500/500=5)
- Prime Edu DPS can be opened at any multiple of Tk. 500 to Tk. 120,000 per month
Premature/Early encashment Rules
|
Particular |
Interest Payable |
|
If encashed before 12 months |
No interest will be paid |
|
If encashed before 60 months |
As per prevailing rate of Prime Savings Account |
|
If encashed before 120 months |
60m as per Scheme Rate + fraction days at Prime Savings rate |
|
If encashed before 180 months |
120m as per Scheme Rate + fraction days at Prime Savings rate |
|
If encashed before 240 months |
180m as per Scheme Rate + fraction days at Prime Savings rate |
Required Documents
- Completed Personal Savings Scheme Account Opening Form.
- Active Transaction/Link (Current/Savings) Account with Prime Bank
