Padma Bank launches new deposit scheme

Padma Bank Limited has launched one of the most lucrative deposit schemes in the country's banking history. Under this term deposit plan, a client will see his/her deposit see a three-fold hike if he/she keeps the money in any branch of the bank for nine years, said a statement.
In addition, the client will be able to borrow up to 80 per cent from his deposited amount. The scheme could be opened individually or jointly. Dr. Mahmuda Alam Mita and Mr. Golam Mohammad Musa became the first two customers to open the "Triple benefit Scheme" in the Gulshan corporate branch of Padma Bank recently. They were greeted by senior officials including the bank's CEO and Managing Director Md Ehsan Khasru.