Dhaka, Bangladesh (BBN) – Rajshahi Krishi Unnayan Bank (RAKUB) is offering a deposit pension scheme (DPS) at the Banking Fair Bangladesh-2015 aiming to facilitate lower income group.
“We’re offering the DPS with minimum installment considering the income situation of the farmers and lower income group,” Shawkat Shahid, a senior principle officer of the specialised bank, told BBN at fair in the capital Dhaka on Friday.
Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday aiming to build a banking nation through boosting the ongoing financial inclusion campaign in Bangladesh.
The monthly installment of the DPSs is BDT 50, BDT 100 and BDT 200 respectively.
A client will get BDT 23,150 by seven years if he or she pay installment BDT 200 per month, the banker added.
The RAKUB has also introduced another DPS for the home maker women namely ‘Housewife Savings Scheme’ to empower the women.
The housewives will enjoy BDT 75,290 after five years if she pay monthly installment of BDT 1,000.
However, the specialised bank is now disbursing farm loan to the landless and share croppers with an interest rate of 11 per cent in line with the central bank advices.
“We’re providing such loan without taking any collateral securities from the farmers,” the banker noted.