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Monthly Deposit Scheme
MIDAS Financing Limited (MFL) is financial institution licensed by Bangladesh Bank under the Financial Institutions Act 1993. It is providing opportunities to the investors to make their money double/ triple within a stipulated period of time.
The depositors will deposit small amount of taka in order to achieve a bulk amount Minimum deposit amount and repayment amount on maturity would be as follows:
Tenure 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 10000 15000 20000 25000
24 Months (2Yr) 13,333 26,667 40,000 53,334 66,667 80,001 93,334 1,06,668 1,20,001 1,33,335 1,46,668 1,60,002 2,66,670 4,00,005 5,33,339 6,66,674
36 Months (3Yr) 21,065 42,129 63,194 84,258 1,05,323 1,26,388 1,47,452 1,68,517 1,89,581 2,10,646 2,31,711 2,52,775 4,21,292 6,31,938 8,42,584 10,53,230
48 Months (4Yr) 29,734 59,467 89,201 1,18,934 1,48,668 1,78,401 2,08,135 2,37,869 2,67,602 2,97,336 3,27,069 3,56,803 5,94,671 8,92,007 11,89,343 14,86,678
60 Months (5Yr) 39,577 79,155 1,18,732 1,58,310 1,97,889 2,37,465 2,77,042 3,16,619 3,56,197 3,95,774 4,35,352 4,74,929 7,91,548 11,87,323 15,83,097 19,78,871
72 Months (6Yr) 50,291 1,00,583 1,50,874 2,01,165 2,51,456 3,01,748 3,52,039 4,02,330 4,52,622 5,02,913 5,53,204 6,03,495 10,05,826 15,08,738 20,11,651 25,14,564
96 Months (8Yr) 75,391 1,50,782 2,26,173 3,01,564 3,76,956 4,52,347 5,27,738 6,03,129 6,78,520 7,53,911 8,29,302 9,04,693 15,07,822 22,61,734 30,15,645 37,69,556
120 Months (10Yr) 1,06,328 2,12,656 3,18,983 4,25,311 5,31,639 6,37,967 7,44,294 8,50,622 9,56,950 10,63,278 11,69,605 12,75,933 21,26,555 31,89,833 42,53,111 53,16,389
Terms and conditions
The amount of monthly deposit is to be made within 30 day of every month;
In case of default of monthly deposit in any month, deposit may be made with the deposit of the following month;
In case of default of monthly deposit thrice during the deposit term, the scheme will be closed automatically and the principal amount only may be withdrawn after expiry of 1 year;
MDS Account can not be en-cashed before 1 year.
If the depositor fails to deposit his/her installment for three consecutive months within 1st year, the MDS Account will automatically be closed and settled amount would be paid after 1 year.
If the depositors pay his/her installment within 1st year regularly but fails to deposit his/her installment for three consecutive months after 1 year, the MDS Account will automatically be closed and settled amount would be paid with Bank’s savings rate.
Closed Account may be reopened subject to approval of management by paying previous installments and interest at a time.
Tax will be deducted at source as per income Tax regulations.
Credit Facility
Maximum 80.00% loan may be allowed against the deposited amount of MDS after 3 years at 3.00% higher than the MDS rate.
Loan amount should be at least Tk.50,000.00.
Why will you invest under these schemes?
To invest money in a secured and profitable scheme.
To increase your idle money.
To save your money which is going to be spent unnecessarily.
To fulfill your objective with the increased money under any of the scheme.
To increase national savings for investment.
To build up the better future for your children and so on.
Features of our services
Providing service in fair and friendly environment
Maintaining easy term and conditions
100% compliance of the term and conditions relating to the schemes
Prompt repayment on completion of the duration of the schemes and so on
Terms & conditions
The deposit can not be enchased before expiry of 1 year. In case of premature encashment, the depositor will enjoy @4.00% less than offered rate for every full month.
Necessary Documents
Photograph of applicant.
Photograph of nominee attested by applicant.
NID of both applicant & nominee.
Professional ID of applicant.
Documents related to declaration of source of fund.
Contact Person
Badrul Anwar
Head of Deposit Operation
Cell : +8801712100600, +8801886100602
PABX: +88-02-41021293, +88-02-41021295, ExT-215
Fax: +88-02-41021298
E-Mail: [email protected]
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