New Products
 
 
February 10, 2011
AB Deposit Scheme

Deposit Double Scheme (DDS):

Deposit Double Scheme (DDS) is a special savings scheme of AB Bank in which deposited amount will be doubled in tenure of Seven (7) years. Minimum deposited amount should be BDT 50,000 or its multiples subject to a maximum amount of Tk.50,00,000 operated singly or jointly. In case of premature encashment interest will be paid on Saving A/c Rate. Loan may be allowed up to maximum 90% of the deposited amount.

Monthly Savings Deposit Scheme (MSDS):

MONTHLY SAVINGS DEPOSIT SCHEME is a installment based savings scheme of AB Bank Limited in which a person can contribute monthly installments (Tk.500 or its multiple) and receives an attractive fixed amount at the end of 03 (three), 05 (five) or 07 (seven) years as per the terms agreed upon. Loan may be allowed up to maximum 80% of the deposited amount.

Monthly Installment Pre-tax maturity
after 3 years
Pre-tax maturity
after 5 years
Pre-tax maturity
after 7 years
500 20,521 37,342 57,210
1000 41,042 74,684 114,421
1500 61,562 112,026 171,631
2000 82,083 149,368 228,842
2500 102,604 186,710 286,052
3000 123,125 224,052 343,262

Monthly Income Deposit (MIDS):

MONTHLY INCOME DEPOSIT SCHEME is a earnings scheme of AB Bank in which a person will get a certain sum of money in each month proportion to his/her deposit (Minimum amount of Tk.1,00,000/- or its multiple subject to a maximum amount of Tk.50,00,000 operated singly or jointly) during the entire of 03 (three) years or 05 (five) years and shall be entitled to receive a fixed income on monthly basis as per the terms and conditions agreed upon. Loan may be allowed up to maximum 80% of the deposited amount.

Principal Amount Monthly Payment for 3 Yrs Tenure Monthly Payment for 5 Yrs Tenure
100,000 850 875
200,000 1,700 1,750
300,000 2,550 2,625
400,000 3,400 3,500
500,000 4,250 4,375
600,000 5,100 5,250
700,000 5,950 6,125
800,000 6,800 7,000
900,000 7,650 7,875
1,000,000 8,500 8,750

May 29, 2008
Ogrim Munafa Patra

Let your money grow with us. AB Bank Ogrim Munafa Patra (OMP) allows you to maximise growth potential through this unique certificate.

How does the OMP work?
A depositor may purchase an OMP by depositing the discounted value of the principal sum. For example, for purchasing a Receipt for Tk. 100,000 with a maturity of 12 months (at 12% interest rate) the depositor will have to pay Tk 89,286/- for purchasing the OMP certificate.

Who can open an OMP?
Any individual, business organization and institution.

How much does one have to invest?
Simply a minimum of Tk 25,000/-

What is the tenure of the OMPs?
OMPs shall be available for three, six and twelve months maturity tenures.

What is the rate of interest ?
12 percent. Govt tax and duties are applicable.

Can one obtain loan against OMP?
Yes. Loan/Overdraft facility up to 90% of the deposited amount will be available.

How does one approach AB Bank to purchase OMP?
Loan facilities will be available at any of the 85 Branches of AB Bank. For details, please contact your nearest AB Bank branch.

May 29, 2008
Be a millionaire in 3 years

The dream of becoming a millionaire is no longer a distant one. You can actually become a millionaire, that too within a space of three to six years, by opening an AB Bank Millionaire Scheme Account ( MSA).

How does this MSA work?
   • Monthly deposit of instalments.
   • At the end of the respective term, total savings with interest, after deduction of Govt tax and duties, will amount to One million Taka.

Who can open an MSA?
Any individual, business organization or institution can open an MSA.

What is the tenure of the MSA?
MSAs can be opened for three, four, five, or six-year terms.

What is the annual interest rate for MSA?
Interest Rate Tenor (Years) Monthly Savings Gross Return Income Tax (Currently 10%) Net Return
12.00% 3 23,602/- 1,016,711/- 16,704/- 1,000,007/-
12.00% 4 16,766/- 1,021,748/- 21,698/- 1,000,050/-
11.50% 5 12,836/- 1,025,586/- 25,543/- 1,000,044/-
11.50% 6 10,138/- 1,030,084/- 30,015/- 1,000,070/-

Are loan facilities available against MSA?
Yes. Loan/Overdraft facility up to 90% of the deposited amount will be available.

May 29, 2008
Troimashik Munafa Hishab

It is now time to make your cash work for you. At AB Bank, our attractive interest rates let you maximise every Taka you put in. So, what are you waiting for? We invite you to participate in our Troimashik Munafa Hishab (TMH) and optimize your cash.

How does TMH work?
It has the character of a fixed deposit account.

Who can open a TMH?
Any individual, business organization or institution can open a TMH.

What is the tenure of the TMH?
Three years

What is the annual rate of interest of TMH?
Currently 12 percent. Govt tax and duties are applicable.

At what frequency interest is given?
Interest will be paid every three months from the date of opening of the account.

How much does one have to invest?
Simply a minimum of Tk 25,000.00. There is no upper limit!

Is TMH prematurely redeemable ?
Yes. If withdrawn prematurely the following will be applicable:
Time of withdrawal Rate of interest
Within six months Nil
Between six and twelve months Prevailing Savings Bank Rate
Second Year 9%
Third Year 10%

Is there a need to manage quarterly interest coupons?
No. Interest will be credited automatically to the designated account.

Can one obtain a loan against TMH?
Yes. Loan/Overdraft facility up to 90% of the deposited amount will be available.