Shahjalal Islami Bank Fixed Deposit
Welcome to a new article. Today we will discuss in detail about Shahjalal Islami Bank Fixed Deposit.
Shahjalal Islami Bank Term Deposit Scheme
FDR refers to keeping the customer’s money fixed or permanently in the bank for a specified period. Shahjalal Islami Bank offers attractive profit on FDR. On completion of fixed term customer gets return of capital with attractive profit.
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| Shahjalal Islami Bank Fixed Deposit |
Shahjalal Islami Bank FDR Features
● One of the hallmarks of Shahjalal Islami Bank is the active launch of re-evaluation. That is, if the customer does not withdraw the FDR money even after the expiry, the FDR account will be automatically reactivated.
● Single and joint account opening facility.
● A person can open multiple FD accounts if he wants.
● One of the features of Shahjalal Islami Bank’s FDR is Investment or SOD loan facility. That is, the customer will get a loan facility of up to 85% against the FDR deposit. The tenure of this SOD loan is 1 year. Customers can repay this loan through EMI mode if they want.
● Cashout facility before maturity. In other words, you can break the FDRT and withdraw the money before the maturity if you want. Pre-Maturity Breakdown No profit will be given if FDR is cashed before maturity of one month three month FDR. The profit rate will be applicable for the nearest period of completion of FD of six months, twelve months, twenty four months, thirty six months.
Since Shahjalal Islami Bank is a Shariah based bank, the profit rate of Shahjalal Islami Bank is not fixed. But in this case, there is a slight change in the profit rate.
Shahjalal Islami Bank pays what % profit for what period?
● Shahjalal Islami Bank offers 1 month FDR or term deposit at 2% interest on any amount of Taka.
● Paying any amount in FDR for 2 months tenure pays 2% profit.
● 3 months tenure FDR pays 6.25% profit on any amount of taka.
● Shahjalal Islami Bank offers profit of 6.25% on any amount of FDR for 6 months tenure.
● Shahjalal Islami Bank offers profit of 6.25% on any amount of FDR with tenure of one year or more but less than three years.
Read more – Islami bank loan system
How much profit will the customer get from monthly leads after tax deduction?
At 6.25% profit on taka 1 Lakh in one year customer will get 6250 taka before tax deduction. You will get 520 taka monthly. After 10% tax deduction customer will get net profit of Tk 468 if tin certificate is available before tax deduction. After deducting 15% tax, customer will get net taka.442 if tin certificate is not available.
What documents are required to open FDR account in Shahjalal Islami Bank?
● Photocopy of account holder’s NID or valid passport or birth certificate.
● Photocopy of electricity bill or water bill or gas bill of account holder for address proof.
● 2 photocopies of account holder recent photograph.
● Photocopy of valid NID or passport or birth registration of nominated nominee.
● 1 copy of recent photograph of nominated nominee.
● E-teen certificate if any.