Lakhopati Saving Scheme

Lakhopati Savings Scheme (LSS)        
(Amount in BDT and Maturity Benefit Before Tax and Excise Duty, where applicable)

 

Initial

0

10000

20000

30000

40000

50000

60000

70000

80000

Interest Rate: 12.00%-11.5%

Term

EMI Size

12

7,807

7,596

6,631

5,667

4,702

3,738

2,773

1,808

844

24

3,671

3,362

2,873

2,384

1,895

1,406

917

429

 

36

2,299

2,037

1,697

1,357

1,017

677

337

 

48

1,618

1,393

1,126

858

590

 

 

60

1,213

1,015

790

565

 

72

962

786

591

 

84

773

612

 

96

634

483

108

527

 

120

444

Terms and conditions:

  • The amount of monthly deposit is to be made within 10th day of every month.
  • In case of default of monthly deposit in any month, deposit may be made with the deposit of the following month.
  • In case of default of monthly deposit thrice during the deposit term, the A/C will be closed automatically.
  • Penal interest will be impose for per default deposit @5% Ad of installment amount.
  • Closed Account may be reopened subject to approval of management by paying previous installments and interest at a time.
  • Tax will be deducted at source as per income Tax regulations.