Deposit pension Scheme (DPS)
Make your small Savings BIG in Super Flex way !
This deposit scheme returns a handsome amount through forced monthly savings without any cut in living style. They are considered to be very safe investments. In Bangladesh, DPS is used to denote a larger class of investments with varying levels of liquidity. Usually DPS is characterized by a deposit of large sum of money over a defined period of time which would make your money grow as you would receive interests on the deposited amount. However, it's important to note that banks may offer lesser interest rates under uncertain economic conditions.
Key Features:
Flexible tenor of 1/2/3/5/10 years Convenient Monthly Instalment: For 1 & 2 years DPS – Minimum BDT 5000 with no upper limit (multiple of BDT 1000) For 3/5/10 years DPS - Minimum BDT 1000 with no upper limit (multiple of BDT 1000) Monthly compounding interest calculation, which will lead to attractive Effective Rate & Maturity Value Preferential Interest Rate for Senior Citizens (60 years & above) 7-days grace period for instalment payment after due date without penal charge Missed instalment(s) within the stipulated time will incur penal charge as per product interest rate on the overdue amount Free auto instalment transfer from link account.