Monthly Savings Schemes
We offer Monthly Saving Schemes to any Standard Chartered accountholder who is a Bangladeshi national, where the accountholder’s minimum age must be 18 years and maximum age at the end of the scheme is 60 years.
Features
- This is non-transactional account where interest accrues on a daily basis and is credited on a monthly basis
- Tax applicable under the scheme, will be deducted from the amount payable to the account holder
- Nominee will receive the Target Savings Amount in the event of untimely death of the primary account holder, i.e. death before maturity of the selected Monthly Savings Scheme
Calculation of one unit of Monthly Savings Scheme:
| Tenor | Initial Deposit | Monthly Deposit | Total payment | Maturity Value | Profit |
| 36 | 10,000 | 1,000 | 46,000 | 53,018 | 7,018 |
- These are indicative figures only
- Tax is payable as per government rules
- Terms and conditions apply