Bank Asia FDR
Bank Asia Fixed Deposit refers to any amount of money being fixed or permanently deposited in the bank for a fixed period of time and earning profit along with the principal. The profit rate of Bank Asia Fixed Deposit or FDR has increased from earlier.
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| Bank Asia FDR |
How to open Bank Asia FDR account
- Bank Asia FDR or Fixed Deposit Account can be opened at any Bank Asia Branch or Agent Banking Center.
- Bank Asia's FDR or Fixed Deposit Account can be opened individually or jointly.
- Customers can open more than one FDR account if they want.
Benefits of Bank Asia FDR Account
Bank Asia FDR account offers attractive interest rates as well as SOD loan facility of up to 90% for urgent customer needs.
Conditions for withdrawal before maturity:
Bank Asia has the facility of cashing or withdrawing money from FDR before maturity. Keep in mind that your fixed rate of return will change if you close the FDR before maturity.
Rate of profit received on deposits
- Customers can open an FDR account in Bank Asia with any amount.
- Bank Asia offers 9% 3-year profit on FDR, 9% on 1 crore taka or more
- Bank Asia is offering 8.50% profit below 1 crore taka on two year FDR, 8.50% profit on 1 crore taka and above.
- Bank Asia is offering 9% profit below 1 crore on 1 year FDR and 9% profit above 1 crore
- Bank Asia is paying 8% interest on FDR below Tk 1 crore for 6 months and 8.50% interest on Tk 1 crore or more.
- The bank offers 7.50% interest for three months below 1 crore taka and 8% above 1 crore taka in Asia.
- Bank Asia is offering 3% profit on two month FDR less than Tk 1 crore and 3% profit on Tk 1 crore and above.
- Bank Asia is offering 3% profit below Tk 1 crore on 1 month FDR and 3% profit on Tk 1 crore or above.
That is, in 1 month and 2 month FDR, Bank Asia is paying 3% profit on any amount of taka 9% on any amount of 1 year or 3 year FDR.
Read more - Prime Bank millionaire deposit scheme
Amount of money received according to the rate of profit
- Bank Asia pays a profit before tax of 1875 taka on a three month FDR of 1 lakh taka at 7.50% profit.
- 1 Lakh pays a profit before tax deduction of 4000 taka for a period of 6 months.
- Bank Asia 3 months FDR for 10 lakhs taka will pay 18,750 taka at 7.50% profit before tax.
- Bank Asia pays a profit of 40,000 taka for a period of 6 months on 10 lakhs taka.
- Bank Asia pays a profit of 90,000 taka for a period of 1 year on 10 lakhs taka.
Note of course that the rate of profit shown in this table is 10% tax deduction if you have a tin certificate. And if there is no tin certificate, 15% tax will be deducted.
Documents required to open Bank Asia's attractive FDR account
- The customer has to provide two copies of photographs which are to be attested by the introducer.
- Nominee has to provide one photocopy which has to be attested by the account holder.
- Photocopy of NID card of account holder and nominee should be provided.
- In case of no NID card photocopy of passport or birth registration must be provided. Photo attestation must be provided for birth registration.