FDR

FDR from Home with Bank Asia!

The customer here will deposit a fixed amount at the start of opening the FDR account, and at the end of a selected maturity will get back a lump sum amount with added interest.

 

Short Description

FDR or Fixed Deposit Receipt/Schemes are an instrument that bank offers with a relatively higher interest rate than that of the other common deposit schemes, such as; savings account, DPS, etc. The customer here will deposit a fixed amount at the start of opening the FDR account, and at the end of a selected maturity/tenure will get back a lump sum amount with added interest. Bank Asia provides an average interest rate of 6% (annual) for FDR, and it varies according to the maturity or tenure of the Fixed Deposit.

Your Requirements as a Potential FDR Customer

In order for you to be eligible to open an FDR in Bank Asia, you will need to fulfil certain requirement. Such as;

  • The beneficiary needs to be a citizen of Bangladesh,
  • The beneficiary needs to be 18 or above,
  • A minor can only be a beneficiary under the parental authority’s or guardian’s supervision.

The Documents You Will Need at Hand to Open an FDR Account when We are at Your Doorstep

The common documents/papers required to open an FDR account from Bank Asia are listed below:

  • Two Passport-Sized Copies of the Applicant’s Recent Photograph.
  • One Copy of Valid NID/Birth Certificate/ Bangladesh Passport/ Driving License of the Applicant.
  • One Passport Sized Copy of Nominee’s photograph.
  • One Copy of Valid NID/Birth Certificate of the Nominee(s).
  • One Copy of Valid TIN Certificate (Optional).

Benefits of Opening a FDR Account with Bank Asia

The benefits of opening a fixed deposit account on Bank Asia are:

  • Average Annual Interest Rate 6%,
  • FDR can be opened jointly,
  • Credit card facility is available against FDR,
  • Loan facility against the deposited amount is available as per existing SOD policy of the Bank, and
  • The account can be closed prematurely for urgent financial needs (with a lower interest rate).

Terms and Conditions of Opening a FDR Account with Bank Asia

The terms and conditions of FDR from Bank Asia are:

  • Minimum fixed deposit amount is BDT 50000/-
  • Minimum tenor is 3 months and the maximum is 5 Years, here, the tenure increases at a quarterly basis (i.e. 3 months, 6 moths, 12 months, etc.)
  • All the relevant source tax, excise duty and other levies as per govt. laws and regulation or instruction of NBR.

 

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