Dhaka, Bangladesh (BBN) – IDLC Limited wants to popularize its fixed deposit schemes at the Banking Fair Bangladesh-2015 in a bid to encourage the clients to deposit their money with the leading non-banking financial institution (NBFI).
“We’re offering interest rates on term deposits between 8.0 per cent and 9.80 per cent to our clients,” Forrukh Ahmed, an assistant sales team manager of the IDLC, told BBN at the fair premise in Dhaka on Friday.
The NBFI also offers interest rate of 8.75 per cent for the monthly FDR (fixed deposit receipt), 8.25 per cent for the quarterly FDR and 9.80 per cent for the FDR which tenure is between three-year and five-year.
The NBFI is also focusing a capital protected scheme namely ‘Discretionary Portfolio Management,’ according to the official.
Under the scheme, the NBFI will give 100 per cent guarantee to the client against their invested fund in the capital despite dull situation.
The clients, however, will have to keep fund in the NBFI for at least 3.5-year.
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.
BBN/SSR/RZ