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