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Unit Fixed Deposit Account at BRAC Bank Ltd.


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Unit Fixed Deposit

You can partially encash your Fixed Deposit even before it reaches maturity.

The remaining (i.e. non-encashed) amount of Fixed Deposit will continue to earn interest at the initially agreed rate for the rest of the tenure.

Opportunity of earning interest on your partially encashed amount.

Example: If you open a Unit Fixed Deposit of BDT 1 crore for 1 year at 12% interest rate and encash BDT 40 lac after 6 months, then BDT 40 lac will get 5.5% interest rate for 6-month period. Non-encashed amount of BDT 60 lac (i.e. BDT 1 crore – BDT 40 lac) will be continued for the rest of the tenure at 12% interest rate.

Key Features:

·        Only BDT 10,000 is required to open this Fixed Deposit
·        Each Bangladeshi taka will be considered as One Unit (BDT 1 = 1 Unit)
·        No ceiling on maximum amount of Fixed Deposit
·        12 months tenure
·        Attractive interest rate

·        Loan facility against lien on Fixed Deposit
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