Triple Benefit Account (TBA)
Know About
Triple Benefit Account (TBA)
Triple Benefit Account (TBA):
Benefit features:
- The deposited amount will be tripled in 11 Years instead of 10 Years 6 Months.
- The Interest Rate of this product will be 10.51% p.a. instead of 11.03% p.a.
- This product is auto renewable at the prevailing rate of interest at the time of renewal.
- Loan facility up to 80% of the deposited amount can be availed against lien on balance of the account at the prevailing rate of interest of the Bank.
- Bank will not impose any charge of its own. Only Government charges will be deducted from the account.
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:
- This account can be opened at multiple of Tk.1,000.00 with minimum of Tk. 50,000.00 without any upper limit.
- Bangladeshi citizen (individual), resident or non-resident, aged 18 years or above can open the account either singly or jointly.
- This account can only be opened in the name of an Individual. Institutional deposit is not allowed under the Scheme.
- 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:
- No interest will be paid if en-cashed or closed before 12 (Twelve) months from the date of issuance / renewal.
- 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, plus 0.75% for the holding period if the account is en-cashed/closed after 12(Twelve) months but before the prevailing tenure of Double Benefit Account (DBA) at the time of issuance of TBA.
- If the Account is closed on or after the prevailing tenure of Double Benefit Account (DBA) at the time of issuance of TBA but before maturity of Triple Benefit Account (TBA), interest for the DBA terms shall be paid at DBA rate prevailing at the time of issuance. The interest for the rest period shall 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, plus 1.00% for the holding period after DBA terms subject to completion of year.
- Interest will be paid for the completed years only and no interest will be paid for fraction months/days in case of premature encashment.
- Month/year to be counted by date to date from the date of issuance.
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:
- Accountholder will be given an Instrument/Receipt which is not transferable. In case the Instrument/Receipt is lost, the accountholder must report to the Branch at the earliest possible time to receive a duplicate Instrument/Receipt after complying with the due process.
- 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
Your money is making money for you & Your Family.
