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SBL Regular Deposit Programme (SRDP)

People having a knack to grow money over time love this product. Based on the philosophy “MANY A LITTLE, MAKES A MICKLE”. Similar product exists/existed in the market being name ”DPS” / “SDPS” / “MDS” etc. you deposit a small amount monthly and get a handsome amount at the end of certain period. A product for WISE people, who wants to remain prepared for future.
  • Benefits
      1. A small amount of monthly deposit with good end figure.
      2. The account can be opened any day of the month.
      3. No service charge applicable.
      4. Loan facility is available after two years.
      5. Installment can be deposited any day of the month.
      6. Can be deposited from any branch of the bank.
      7. No online fees for depositing in this account.
      8. Auto installment transfer facility available.
      9. Auto transfer of maturity amount to CD/SB/SND account.
      10. Steady interest rate for the entire contracted period.
      11. Monthly installment, tenure and maturity benefits:
      Installment/Years 300 500 1000 2000 2500 5000 10000
      3 Years 11,833 19,722 39,436 78,860 98,800 197,175 394,350
      5 Years 20,953 34,913 69,787 139,571 174,492 348,991 698,117
      7 Years 29,527 49,212 98,424 196,848 246,060 492,121 984,242
      10 Years 48,847 81,446 162,805 325,655 407,310 815,201 1,631,135
  • Requirements
      1. A primary relationship account (Savings/Current).
      2. 2 copies Passport Size Photographs of applicant(s).
      3. 1 copy passport size photograph of nominee(s).
      4. Photo identification of applicant(s) and nominee(s).
      5. Filled in application form.
      6. Standard Know Your Customer(KYC) profile.
  • Restrictions
      1. Monthly deposit cannot be less than Tk. 300.00.
      2. Minimum tenor 3 years Maximum 10 Years.
      3. Failure to pay installment on due date shall subject to penalty of Tk. 20/-.
      4. The account is automatically closed if 3(three) installments remain unpaid.
      5. Premature encashment benefit:
      Relationship/ Tenure Applied Interest
      Less than 1(one) year No interest
      More than 1 year but less 3 years Savings Rate
      More than 3 years but less 5 years Matured value of 3 years and rest as per prevailing interest rate on savings rate
      More than 5 years but less 10 years Matured value of 5 years and rest as per prevailing interest rate on savings rate.
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