SBL 1.5 Times Income Program 2016- 5 Years

This product is for those having surplus fund for longer period and want to invest their money in a safer mode without affecting liquidity of cash. In this mode of investment resources increases over a longer period of time at a steady rate irrespective of changes in deposit market environment. Total term of the scheme as of now is 5 (five) years.

Benefits
- 1. About 1.5 times amount of money at the maturity.
  2. Tk. 10,000/-or its multiple can be invested.
  3. A specially designed receipt(instrument).
  4. Availability of Loan facility, keeping the instrument as security.
  5. Encashment before maturity shall entitle you the following facility:
    1. Encashment before 1(one) year gives no interest.
    2. Encashment before maturity after 1(one) year gives standard FDR rate.
  6. No service charge in the Account shall be applied.
Requirements
- 1. 2 copies Passport Size Photographs of applicant(s).
  2. 1 copy passport size photograph of nominee(s).
  3. Photo identification of applicant(s) and nominee(s).
  4. Filled in application form.
  5. Standard Know Your Customer( KYC) profile.
Restrictions
- 1. Less than Tk. 10.000.00 cannot be invested as SIP.
  2. No interest is given if encashed within 1(one) year.
  3. Standard FDR rate shall be given for premature encashment after 1(one) year.
  4. In case the receipt is lost standard instrument reissuance method apply.
  5. All Govt./Bangladesh Bank/Standard Banking rules apply.
  6. Any change of address/contact information must be provided immediately.
  7. Not transferrable from branch to branch.