Kotipoti Deposit Scheme (KDS)
Know About
Kotipoti Deposit Scheme (KDS)
The Revised Monthly Installment of Kotipoti Deposit Scheme (KDS):
|
Monthly Installment (in Tk.) |
Investment Period |
Terminal Value (in Tk.) @ 10.50% interest p.a. |
|
168,660.00 |
4 Years |
10,000,000.00 |
|
100,920.00 |
6 Years |
|
|
56,860.00 |
9 Years |
|
|
35,780.00 |
12 years |
|
|
23,855.00 |
15 years |
|
|
13,005.00 |
20 years |
Notes:
- In case of providing credit facilities against scheme deposits opened from 01 December 2025, above stated interest rates are to be used in determining Minimum Lending rate.
- Other than the revisions mentioned above, all other features of the respective scheme deposit will remain unchanged until further notification.
- The Scheme Deposits opened on or before 30 November 2025 will continue as it is. Revised interest rates and encashment features will be applicable for those scheme deposits opened / renewed from 01 December 2025.
- Excise Duty, VAT & Income Tax are to be realized from the account as circulated by the Government time to time.
- The calculations of deposit schemes shown above have been calculated excluding Excise Duty, VAT, Income Tax and other charges (if any). The matured value / receivable amount of above Scheme Deposits can differ due to deductions as per Government rules.
- Installment amounts of Scheme Deposits have been rounded off.
Eligibility
Eligibility features:
- It is mandatory to have a link account (SB/CD) with this Kotipoti Deposit Scheme. The link account can be maintained with any branch of NBL.
- Bangladeshi citizen (individual), resident or non-resident, aged 18 years or above can open the account either singly or jointly.
- Minor Citizen of Bangladesh can open this account. In this case his/her legal guardian will operate the account.
- One customer can open more than one account with same branch or any other branches of NBL.
Encashment features:
1 Before Maturity:
- If the account is closed before 12 months from the date of opening, no interest will be paid. Monthly interest/benefit if any paid shall be realized from the Depositor/Account holder.
- If the Account is closed after 12 months with payment of 12 installments but before maturity, interest will be paid at savings bank deposit rate prevailing in our Bank at the time of encashment or at the time of issuance, whichever is lower, for the holding period.
2 Beyond Maturity:
Interest for the period beyond the date of maturity up to the date of withdrawal/closure of Account shall not be paid.
Required Documents
Declaration of Nominee:
- Account holder may nominate one or more persons against the account as “Nominee”. Account holder may change the Nominee with submission of required documents.
- Account holder may fix the percentage of share to each Nominee in case the number of Nominee is more than one person.
- A Minor can also be made as Nominee; in that case the minor’s legal guardian will receive on his/her behalf.
- Photograph of the Nominee duly attested by the Account holder to be enclosed along with the AOF at the time of opening account.
- The nomination will be cancelled if the Nominee expires in the lifetime of the Account holder. A new nominee may be nominated by the Account holder in such case.
- In the event of Account holder’s death, his/her nominee(s) will not be allowed to continue the Account.
- If the Account holder expires at any time during the period, the amount will be paid to the nominated person(s) of the Account holder. If the Account holder does not nominate any person(s), the deposited money shall be paid to the Successor on production of Succession Certificate in consultation with Branches Operations Division, Head Office.
Other conditions:
- This deposit scheme is not transferable.
- Changes of address must be informed immediately to the Account Opening Branch of NBL.
- Outstanding amount against Loan to be adjusted as per terms and conditions of the contract.
- Bank can exercise the Right of Set-Off, if necessary.
- Excise Duty, VAT, Income Tax or any other Government charges are to be deducted from the depositors’ Account as circulated by NBR or any other Government Authority time to time.
Ways to Apply
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