Mudaraba Term Deposit Receipt (MTDR)
|
| Account Type |
Term Deposit |
| Islamic Principle |
Under Mudaraba Mode as per Depositor-Bank Weightage approved by ALCO/BoD |
| Final/Actual Profit |
Final Profit will be disbursed after finalization of Bank’s Accounts for the respective year. |
| Customer Type/Eligibility |
Any Citizen of Bangladesh/Legally approved person/entity
Minimum age 18 years |
| Minor Account |
May be opened on behalf of minor by his/ her natural guardian/ guardian appointed by the competent jurisdiction. |
| Currency |
BDT |
| Minimum Amount |
BDT 50,000.00 |
| Identification Documents |
– Complete Account Opening Form with TP & KYC
– Photocopy of NID/Passport/Driving License/Ward Commissioner certificate with photo (Photo must be attested by ward commissioner)
– 2 copies Passport size photograph of each account holder.
– Passport size photograph of nominee (attested by the account holder)
– Proof of Address- Copy of Utility Bill for last 3 months.
– Updated TIN (Optional), (In case of TIN holder income Tax will be deducted from profit @ 10% and without TIN @ 15% as per NBR rules)
– Any other documents as required under prevailing rules & regulations of the Bank considering the nature of the Depositor(s) |
| Tenor |
1 Month Daily, 1 Month, 03 Mont Daily, 03 Month, 06 Mont Daily, 06 Month, 100 Days, 12 Months, 14 Mon Daily, 14 Months, 24 Months, 36 Months |
