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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 PLC 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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Tenure
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500
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1000
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1500
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2000
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2500
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3000
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3500
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4000
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4500
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5000
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5500
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6000
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10000
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15000
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20000
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25000
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24 Months (2Yr)
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13,333
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26,667
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40,000
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53,334
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66,667
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80,001
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93,334
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1,06,668
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1,20,001
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1,33,335
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1,46,668
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1,60,002
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2,66,670
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4,00,005
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5,33,339
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6,66,674
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36 Months (3Yr)
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21,065
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42,129
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63,194
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84,258
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1,05,323
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1,26,388
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1,47,452
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1,68,517
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1,89,581
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2,10,646
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2,31,711
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2,52,775
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4,21,292
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6,31,938
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8,42,584
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10,53,230
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48 Months (4Yr)
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29,734
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59,467
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89,201
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1,18,934
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1,48,668
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1,78,401
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2,08,135
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2,37,869
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2,67,602
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2,97,336
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3,27,069
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3,56,803
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5,94,671
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8,92,007
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11,89,343
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14,86,678
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60 Months (5Yr)
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39,577
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79,155
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1,18,732
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1,58,310
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1,97,889
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2,37,465
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2,77,042
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3,16,619
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3,56,197
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3,95,774
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4,35,352
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4,74,929
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7,91,548
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11,87,323
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15,83,097
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19,78,871
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72 Months (6Yr)
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50,291
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1,00,583
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1,50,874
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2,01,165
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2,51,456
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3,01,748
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3,52,039
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4,02,330
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4,52,622
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5,02,913
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5,53,204
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6,03,495
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10,05,826
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15,08,738
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20,11,651
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25,14,564
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96 Months (8Yr)
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75,391
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1,50,782
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2,26,173
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3,01,564
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3,76,956
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4,52,347
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5,27,738
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6,03,129
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6,78,520
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7,53,911
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8,29,302
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9,04,693
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15,07,822
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22,61,734
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30,15,645
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37,69,556
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120 Months (10Yr)
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1,06,328
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2,12,656
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3,18,983
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4,25,311
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5,31,639
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6,37,967
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7,44,294
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8,50,622
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9,56,950
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10,63,278
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11,69,605
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12,75,933
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21,26,555
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31,89,833
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42,53,111
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53,16,389
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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: +88-02-41021293, +88-02-41021295, ExT-215
Fax: +88-02-41021298
E-Mail: [email protected]
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