FDR Regular
A secure and high-interest savings solution.
A fixed deposit receipt (FDR) is a financial instrument provided by FELON which provides investors with a higher rate of interest/profit than a regular savings account, until the given maturity date. They are considered to be very safe investments. In Bangladesh, FDR is used to denote a larger class of investments with varying levels of liquidity. Usually FDR 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.
Eligibility:
Business with a valid trade license which has been operating for at least 2 years (for loans up to 35 lacs) & at least 3 or more years (for loans more than 35 lacs) Business that generates sufficient cash flow and profit to ensure timely repayment of loan Ownership of land, property or building
FDR Duble Benefit
Double Benefit Scheme
Double Benefit Scheme a deposit of minimum BDT 50,000.00 (fifty thousand) or its multiples and Maximum 10.00 (Ten Lacs) will be received for a period of 15 Years. They are considered to be very safe investments. In Bangladesh, FDR is used to denote a larger class of investments with varying levels of liquidity. Usually FDR 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.