Which bank give double the money in Bangladesh?
Comparison of Double Benefit Schemes
|Bank Name||Interest Rate||Minimum Deposit|
|Padma Bank||11.07 %||৳ 50,000.00|
|NRB Bank||11.07 %||৳ 25,000.00|
|Pubali Bank||10.41 %||৳ 10,000.00|
|Global Islami Bank||10.41 %||৳ 50,000.00|
What is millionaire deposit scheme?
EBL Millionaire Scheme is a monthly Savings Scheme with flexible long term tenure that gives you maturity Value of BDT 1 (one) million-with monthly installments as low as BDT 3,800.
What is minimum amount in cumulative deposit scheme?
For Cumulative deposits, minimum amount for acceptance/renewal is Rs. 20,000/- (interest compounded quarterly and payable on maturity). Minimum Period of deposits is 12 months and maximum is 60 months.
How can I double my money in bank?
Here are some options to double your money:
- Tax-free Bonds. Initially tax- free bonds were issued only in specific periods.
- Kisan Vikas Patra (KVP)
- Corporate Deposits/Non-Convertible Debentures (NCD)
- National Savings Certificates.
- Bank Fixed Deposits.
- Public Provident Fund (PPF)
- Mutual Funds (MFs)
- Gold ETFs.
How can I double my money in 5 years in India?
Let’s apply Thumb rule in a reverse way, if you wish to double your money say in 5 years, then you will have to invest money at the rate of 72/5 = 14.40% p.a. to achieve your target. This means you have to invest money in those financial products that will give you a return at 14.40% per annum.
What is double deposit scheme?
A Fixed Deposit Double Scheme is a plan which aims to double the investment of a customer over a period of time. The interest earned on this sum eventually doubles the money, which is then given back to the customer at the end of a term.
Which is the best deposit scheme?
List of 10 best FD schemes for 3 years
- Fincare Small Finance Bank. Fincare offers attractive rates of interest on the 3-year tenure.
- KTDFC. A lucrative rate of 6.00% p.a. is paid for term deposits opened for a period of 3 years.
- Shriram City.
- Mahindra Finance.
- Sundaram Finance.
- ICICI Home Finance.
- Yes Bank.
How is DPS rate calculated?
Dividend per share (DPS) is the sum of declared dividends issued by a company for every ordinary share outstanding. DPS is calculated by dividing the total dividends paid out by a business, including interim dividends, over a period of time, usually a year, by the number of outstanding ordinary shares issued.
What is maximum amount that can be deposited in union monthly plus in month?
Ceiling of 10 times Core Amount. Customer can deposit maximum up to Rs. 10,000/- per month. The maximum permissible amount per month is 10 times the core amount or Rs 100000/- whichever is lower.
What kind of bank is Mercantile Bank Limited?
Mercantile Bank Limited. Mercantile Bank Limited always provides suitable product (loans and advances) for its customers. The bank also designs new products and reengineering the existing products to keep the same competitive in the market. Mercantile Bank Limited always provides suitable product (loans and advances) for its customers.
Which is the best product of Mercantile Bank?
Mercantile Bank Limited always provides suitable product (loans and advances) for its customers. The bank also designs new products and reengineering the existing products to keep the same competitive in the market. Small and Medium Enterprises (SME) is considered as thrust sector of the economy.
Can a pardanshin woman open a mercantile bank account?
Can open the A/c individually or jointly. In case of joint a/c, Joint signature is required if not authorized otherwise; Minor (For withdrawal purpose), lunatic, insolvent, pardanshin women (Not mandatory) can not open such type of account.
Which is the treasury division of Mercantile Bank?
Treasury division of Mercantile Bank Limited is currently comprised of multi-functional activities with a healthy portfolio with diversified asset characteristics… Online Banking has been facilitated in all Branches of the Bank since January 01, 2006.