Uttaran Five Million Deposit Scheme

Introduction :

“Uttaran Five Million Deposit Scheme” is the account where you can deposit your money in installment with full confidence. It’s an account tailor made to provide you very good return for different tenure – making it the classic choice for you. You can deposit here in single or joint name.

Best for you if you have :

The willingness of regular Savings
The requirement of the highest safety of your money

Features :

More than one account can be opened

Pre-matured Encashment facility on condition

Monthly installment amount may be realized from the customer's personal UBPLC savings/current account

The account may be transferred to any branch at the request of the account holder(s).

Tenor of Scheme is 1-15 years. Account holder(s) has/have an option to choose any tenor at the time of opening of the account. There is no scope to alter the tenor later.

Account holder(s) may change his/her/their nominee(s) at any time.

In case of account holder(s) death before maturity of the account, nominee(s) may be allowed to continue the account by depositing the rest monthly installment(s) with the permission of the competent authority.

Account will be matured when complete its tenor with all installments

Monthly Installment & Maturity Amount:

Year	Initial deposit
Year	0	200,000	500,000	1,000,000
	Monthly Installment
1	394,749	377,341	351,228	307,707
2	188,246	179,793	165,564	142,882
3	119,958	113,685	104,276	88,595
4	86,171	81,313	74,026	61,880
5	66,137	62,137	56,151	46,152
6	52,974	49,554	44,438	35,888
7	43,713	40,713	36,213	28,726
8	36,864	34,196	30,174	23,485
9	31,634	29,206	25,574	19,513
10	27,511	25,297	21,971	16,421
11	24,203	22,147	19,075	13,959
12	21,495	19,582	16,725	11,966
13	19,233	17,454	14,780	10,327
14	17,338	15,656	13,141	8,964
15	15,716	14,136	11,761	7,817

*Payable amount might be changed; Govt. Tax/Duty would be paid by the client.

Schedule of deposit:

a) First installment to be deposited at the time of account opening and rest of the monthly installments to be deposited on or before the 10th day of each month, failing which penal interest will be imposed @ 1% per month on installment amount for each irregular installment(s). If the 10th day of any month becomes govt. holiday, account holder(s) will deposit on the following working day without penalty. Installment(s) in advance may be allowed.
b) Account will be closed if account holder(s) fails to deposit 3 (three) consecutive installments.

Eligibility :

Minimum Age: 18 years

Bangladeshi Citizen

Required Documents :

02 (two) copies of recent PP size Photograph
Photocopy NID/Passport/Birth Registration Certificate (BRC) of the applicant(s)
Application for opening account (available at all branches)
1(One) copy of recent photograph & photocopy of NID/Passport/Birth Registration Certificate (BRC) of Nominee(s).

Charges :

a) Bank will deduct applicable charges from the A/C as per schedule of charges.

b) All Govt. Charges will be deducted as per prevailing govt. rule.

Mandatory Rules:

Money Laundering Prevention Act-2012 (and all its amendments thereafter), Anti-Terrorist Act-2009 (and all its amendments thereafter) and Bank Company Act-1991 & 2013 (and all its amendments thereafter) will be applicable.

Special Instruction:

Customer(s) will inform the bank in writing if any changes of Customer’s data i.e. address, phone number etc. without delay.

Facilities: