Prime I-First FD is a unique Fixed Deposit account that lets you earn interest on the first day. The principal amount is returned upon maturity
Eligibility
- Bangladeshi citizen of any age
- Must have active linked/transactional CASA Account
- For minors, account can be opened singly with the operating mandate of a parent/ legal guardian or jointly with them, with their operating mandate
Features
- Advance interest on FD opening day
- Attractive interest rate
- Fixed tenor of 12 months
- Minimum required deposit BDT 1 lac
- Auto-payback of principal at maturity
- Loan or overdraft facility
- Early encashment facility
Interest forfeiture or pre mature encashment rules
- If the account is closed before 01 (one) month, no interest will be paid.
- If the account is closed any time after completion of 01 (one) month but before maturity, then interest will be given as per prevailing savings rate.
- Upfront interest paid to customers will be adjusted from the Principal amount.
Required Documents
- Completed Personal Fixed Deposit Account Opening Form
- Active Transaction/Link (Current/Savings) Account with Prime Bank
