The starting amount for this scheme ranges between 500 and 25,000 and anyone can open it for 3, 5, 8, or 10 years. The customers will get interest at the rate of 13 per cent.
Besides the Monthly Savings Scheme, the bank has launched the Double Benefit Scheme, which makes the depositors' money double in a five-year-and-six-month tenure.
The bank has also introduced the Monthly Income Scheme, where depositors get Tk 1,060 for Tk 100,000.
Mir Shofiqul Islam, Head of Retail Banking Division, said, "We brought different and varied new products for the customers so that they could save happily. In our bank, they will have short- and long-term savings facilities, so anyone can avail any of them."
He added: "One must save money on time. Today's savings are the strength of the future. So Padma Bank's aim is to support every person's dreams and accompany them to save for the future."
Padma Bank launches new product
FE Team | Published: November 15, 2023 23:29:51
Padma Bank launches new product
Share if you like