EXIM 5th Subordinated Bond | eRecruitment

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Mudaraba Millionaire Deposit Scheme
Objectives of the Scheme
A monthly savings Scheme. To help the clients of all races & communities maximization their wealth by providing remarkable return of their savings.
A monthly savings Scheme. To help the people of all level in making positive contribution to their family by providing fund in family's financial crises.
Savings Period and Monthly Installment Rate
The savings period is for 3,5,8,10 & 12 years.
At least 65% of investment income shall be distributed among the Mudaraba Depositors as per weightage. The Deposit will bear weightage 1.30, 1.31, 1.32, 1.33, 1.34 and 1.35 respectively.
Bank reserves the right to change the weightage of deposit and percentage of distribution of Investment Income.
Monthly Installment Deposit
The savings amount is to be deposited within the 10th of every month. In case of holidays the deposit amount is to be made on the following day.
Advance payment for any number of installments will be received by the bank but profit will be allowed there-against considering the installment deposited for each succeeding month.
The depositor can have a separate account in the bank from which a standing instruction can be given to transfer the monthly deposit to the scheme account.
If a depositor fails to deposit any installment in time, he/she will be penalized with 2.00% per month on outstanding installment amount and must pay the installment(s) due as well as penalized amount with the subsequent installment.
Withdrawal
Encashment before maturity: Normally, deposited amount of "Mudaraba Millionaire Deposit Scheme" is not en-cashable before maturity. If any depositor intends to encash his/her account before maturity due to certain unavoidable circumstances, the following terms & conditions will come into force:

i. No profit shall be allowed for premature encashment within 01 (one) year.
ii. Profit shall be allowed at the provisional rate of Mudaraba Savings Deposit if it is encashed after 01 (one) year but before maturity.
Investment Facility
The depositor (except minor) can avail investment facility upto 90% of deposited amount after completion of 01 (one) year subject to application of normal terms & conditions of investment the bank .
Reasons for disqualification from this scheme
If the depositor fails to deposit 03 (three) consecutive installments at any point of time, it will cease the right of depositor to remain within the purview of the account and profit against balance of deposited amount will be allowed as per terms & conditions for premature encashment.
In case of death of account holder(s), the account will be in-operative and the entire deposited amount with profit (if applicable) shall be paid to the nominee or the legal guardian of minor nominee(s) as mentioned in the account opening form. If the nominee is minor, the same shall be paid to the legal guardian of the minor. In other cases, the amount shall be released as per rules in force.
Achievement from the scheme
Requirements
Two copies of recent passport size photographs of account holder attested by the introducer.
One copy passport size photograph of nominee attested by the account holder.
Copy of Passport/National ID Card/Word Commissioner's Certificate of the account holder acceptable to the bank.
Other conditions of the product:
No cheque book will be issued under the scheme.
If there occurs any loss in the business, the same to be borne by the Saheb-Al-Maal.
The laws, rules & regulations of Bangladesh, custom & procedures applicable to the scheduled bank in Bangladesh shall apply to and govern the conduct of the account opened with bank.
Though the Bank maintains strict confidentiality in all affairs of the account, Bank shall always be entitled to disclose any information regarding customers' account(s) held with the Bank to any of the followings:
i. Any regulatory, supervisory, governmental or quasi governmental authority with the jurisdiction over the bank.
ii. Any person to whom the bank is required or authorized by law or court order to make disclosure.
Any change of the information furnished by the customer herewith must be notified to the bank immediately, otherwise the bank will not be liable for the consequences.
The customer agrees that the bank will not be liable for any loss or any damage if the bank is unable to provide services in connection with any customer's accounts due to postal, courier, electrical, mechanical, telecommunications or by reason of act of god, catastrophe, war, civil or industrial disturbance, computer failure or any other cause beyond Bank's control and that cannot be overcome by reasonable diligence and without unusual expenses.
Operation of this account will be guided by the Money Laundering Prevention Act-2012 and other terms & conditions as prescribed by the Bank from time to time.
VAT/Taxes/Excise Duty or other charges (if applicable) to be deducted from the account as per prevailing rules of competent authority (ies).
Bank reserves right to change/amend/alter/modify the weightage, profit distribution principles or any of the rules of the scheme from time to time as per Bank's standard & policy.

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