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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:
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
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deposit thrice during the deposit term, the scheme will be closed automatically and the principal amount only may be withdrawn after expiry of 1 year;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:-9102205,9144410, ExT-215
Fax: 880-2-8142085
E-Mail: [email protected]
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