Dhaka, Bangladesh (BBN) – NCC Bank Limited (NCCBL) is focusing long-term deposit schemes for the ongoing-school student at the Banking Fair Bangladesh-2015 to make a saving attitude in the students.
The private commercial bank has recently introduced two separate long term deposit schemes for the students namely ‘Money Plan’ and ‘Maximus’, Md Sazzad Hossain Tamim, senior officer of NCC Bank, told BBN at fair ground on Wednesday.
Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.
The tenure of ‘Money Plan’ is three-year, five-year and 10-year. The monthly installment of the product is between BDT 250 and BDT 10,000.
The bank’s ‘Maximus’ product is one kind of fixed deposit receipt (FDR) for the students but its interest rate is one per cent higher than that of the NCC’s other FDR products, the banker explained.
The bank offers 8.0 per cent interest rate on the ‘Maximus’ product for the school-going students.
The bank is operating the product as part of its school banking programme, Mr. Tamim said, adding that the students, whose age below 18-year, will attached with the school banking.