Dhaka, Bangladesh (BBN)– Mercantile Bank Limited on Tuesday introduced two new deposit schemes namely Monthly Deposit Scheme-3 Years and Special Savings Scheme aiming to collect more deposits from general depositors.

Chairman of the bank Abdul Jalil, MP, formally launched the products as the chief guest at the first day of the bank’s month-long special Deposit Mobilization Campaign in the city.

Under the two new products, Monthly Deposit Scheme-3 Years has been added to ongoing Monthly Deposit Scheme of five, eight and 10 years, which would increase freedom for selecting best schemes for the customers.

Under Special Savings Scheme the customers would get more three fold benefit after 10 years from respective deposit which would raise security of the customers.

As Mercantile Bank has already been acknowledged as the first category bank in the country, we would increase banking service especially for the welfare of the poor opening more 10 branches by the end of this year, Mr. Jalil said.

BBN/SSR/AD-16Nov11-10:47 am (BST)