Customer can open the account for 03(three)/ 06(six)/ 12 (twelve) months

• 3 months (0.50% lower than band rate of 8.00% (Currently 7.50% with effective rate 7.64%)
• 6 months (0.50% lower than band rate of 9.50% (Currently 9.00% with effective rate 9.41%)
• 12 months (1% lower than band rate of 10.00% (Currently 9.00% with effective rate 9.81%)
• However, rate will be varied based on ALCO decision.

• Receive profit at the time of opening the account
• Support emergency fund requirement
• 12 months (1% lower than band rate of 10.00% (Currently 9.00% with effective rate 9.81%)
• Client will feel comfort with profit in advance

Allowed, but client (individual and non-individual) will have to maintain link CASA account.

The process will be completed manually as CBS has no auto renewal option for this product.

Any individual or Company either in single or in Joint name ( proprietor/ partnership farm/
limited liability company) including the existing clients of the Bank.

It can be opened by all including minors.

• Individual: Tk.100,000
• Non Individual: Tk.1,000,000

No ceiling

• Individual including Partnership & Proprietorship: Mandatory
• Non Individual: Optional

No

All are same

• Excise Duty: On Maturity
• Tax: Immediately on payment of profit.

Loan facility up to 70% of the deposited amount, however, if a client failed to repay 3
installments or interest for 2 quarter the loan will be adjusted encashing the instrument.

Existing nomination policy will be applicable

Rate: Generic Savings rate for any unbroken period of 1 month.

Tax: Deducted tax is not refundable.

Tax on Manual Calculation: No tax to be deducted on the amount paid on Instrument value @ generic savings.

Procedure: The Branch will have to cancel the Deal and the overall entries will be reversed

• Nominee will be entitled with the benefit, otherwise, succession certificate will be required.
• Procedure of Pre-matured encashment will be followed.

• Existing FDR Form will be used to open Profit First Account.
• Terms and Condition affixed in the email will be signed in addition to the existing Terms and Condition,
• however, this will be incorporated in the form at the time of reprinting.

• Existing FDR blocks will be used. Branch will keep a certain serial number for Profit First.
• Before instrument number the Branch will write “Profit First”