What
is Shonchoy SME Deposit?
BRAC Bank introduces “Shonchoy – Monthly Deposit
Scheme” for all its SME clients. It will allow your organization to save on a
monthly basis as per your organization’s requirement and get a handsome return
at maturity. Along with this, your business concern can get up to 95% ‘Secured
Over Draft’ facility on the deposited amount and at 0.5% lower spread than the
regular rate. So, open a “Shonchoy – Monthly Deposit Scheme” today to have a
more financially stable present and future for your organization.
You can choose any range of monthly contribution
options for both monthly installment size and maturity, starting from as low as
BDT 500 to any multiple of it as per your organization’s need i.e. BDT 1,000,
BDT 2,500, BDT 5,000 and so on. You are also free to choose the tenor from one
year to ten years depending on your organization’s requirement and convenience.
Features:
·
Minimum monthly installment of BDT 500
·
Tenor from 1 year to 10 years
·
95% Secured Over Draft facility on the
deposited amount
·
No account maintenance fee
Eligibility:
·
All sole proprietorship businesses
·
Partnership businesses & limited
companies
·
Educational institutions
·
Local NGOs/projects
·
Local co-operative society
·
Market/shop owner association
·
Other organizations not mentioned above
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