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| Deposit Schemes |
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| Loan & Others Schemes |
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| Monthly Deposit Scheme |
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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. |
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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: |
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| Monthly deposit (Tk.) |
Matured amount (Tk.) |
| 3 years |
5 years |
8 years |
10 years |
| 500 |
21,065 |
39,578 |
75,392 |
1,06,330 |
| 1000 |
42,130 |
79,156 |
1,50,784 |
2,12,660 |
| 1500 |
63,195 |
1,18,734 |
2,26,176 |
3,18,990 |
| 2000 |
84,260 |
1,58,312 |
3,01,568 |
4,25,320 |
| 2500 |
1,05,325 |
1,97,890 |
3,76,960 |
5,31,650 |
| 3000 |
1,26,390 |
2,37,468 |
4,52,352 |
6,37,980 |
| 3500 |
1,47,455 |
2,77,046 |
5,27,744 |
7,44,310 |
| 5000 |
2,10,650 |
3,95,780 |
7,53,920 |
10,63,300 |
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| Terms and conditions |
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The amount of monthly deposit is to be made within 30 day of every month; |
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In case of default of monthly deposit in any month, deposit may be made with the deposit of the following month; |
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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deposit thrice during the deposit term, the scheme will be closed automatically and the principal amount only may be withdrawn after expiry of 1 year; |
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MDS Account can not be en-cashed before 1 year. |
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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. |
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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. |
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Closed Account may be reopened subject to approval of management by paying previous installments and interest at a time. |
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Tax will be deducted at source as per income Tax regulations. |
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| Credit Facility |
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Maximum 80.00% loan may be allowed against the deposited amount of MDS after 3 years at 3.00% higher than the MDS rate. |
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Loan amount should be at least Tk.50,000.00. |
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| Why will you invest under these schemes? |
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To invest money in a secured and profitable scheme. |
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To increase your idle money. |
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To save your money which is going to be spent unnecessarily. |
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To fulfill your objective with the increased money under any of the scheme. |
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To increase national savings for investment. |
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To build up the better future for your children and so on. |
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| Features of our services |
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Providing service in fair and friendly environment |
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Maintaining easy term and conditions |
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100% compliance of the term and conditions relating to the schemes |
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Prompt repayment on completion of the duration of the schemes and so on |
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| Terms & conditions |
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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. |
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| Necessary Documents |
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Photograph of applicant. |
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Photograph of nominee attested by applicant. |
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NID of both applicant & nominee. |
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Professional ID of applicant. |
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Documents related to declaration of source of fund. |
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| Contact Person |
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Badrul Anwar
Head of Deposit Operation
Cell : +8801712100600, +8801886100602
PABX:-9102205,9144410, ExT-215
Fax: 880-2-8142085
E-Mail: [email protected]
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