Janata Bank Millionaire deposit scheme

Janata Bank millionaire scheme

Janata Bank offers various types of deposit products JMDS is one of them. It is a special savings plan with different tenures and amounts that allows customers to deposit monthly and return the capital with profit at the end of the term.


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Janata Bank Millionaire deposit scheme


Who can open Janata Bank millionaire deposit scheme account

A Bangladeshi citizen who has attained the age of 18 can open a JMDS account in Janata Bank even in the name of his legal guardian in the name of a minor.

Features of Janata Bank Millionaire Scheme

  1. Customers can open the millionaire scheme at any branch of Janata Bank in Bangladesh.
  2. Janata Bank provides timely interest rates. That is, Janata Bank formulates the profit rate in accordance with the profit rate of other banks in Bangladesh.
  3. One of the features of Janata Bank's Millionaire Scheme is the SOD loan facility of up to 90%. The tenure of this loan is 1 year. The customer can also repay this loan through EMI method if he wants.
  4. Facility of withdrawal before maturity

In other words, the customer can withdraw the money even before the expiry date, if applicable, and get profit if required.


Installment in Janata Bank Millionaire Scheme

Janata Bank Millionaire Scheme installment payment date is 11th to 20th. If a customer fails to pay installments for 2 consecutive months, he can continue the scheme in the third month with minimal penalty.


Amount of Installment Deposit

25370 taka, 18470 taka, 14350 taka, 11610 taka, 9660 taka, 8200 taka , 7070 taka, 6180 taka, 4840 taka, and 3530 taka.

Amount of money received after completion of tenure in Janata Bank Millionaire Scheme:

  • 3,530 taka monthly deposit in just 15 years customer will get 10 lakhs taka.
  • 4,840 taka per month for a period of 15 years, the customer will get 10 lakhs taka at the end of the term.
  • 6,180 taka monthly deposit at the end of 10 years customer will get10 taka lakhs.
  • 7,070 taka monthly deposit for a period of 9 years customer will get10 lakhs taka.
  • 8,200 taka monthly deposit for a period of 8 years, the customer will get 10 lakhs taka.
  • 9,660 taka monthly deposit for a period of 7 years customer will get 10 lakhs taka.
  • 11,610 taka monthly deposit customer will get 10 lakh taka after 6 years term.
  • 14,350 taka monthly deposit at the end of 5 years customer will get10 lakhs taka.
  • 18,470 taka monthly deposit for a period of 4 years customer will get 10 lakhs taka.
  • 25,370 taka monthly deposit for a period of 3 years customer will get 10 lakhs taka.


If the millionaire terminates the scheme before maturity

In case of account closure or death of the account holder before the expiry of 1 year, the remaining balance will be refunded to the account holder/nominee after deducting government taxes and other dues as per rules. No interest will be charged in this case.

  • If the account is closed for more than 1 year but within 3 years, interest will be paid at the rate of 3% on the customer deposit.
  • If the account is closed more than 3 years but within 5 years, simple interest will be paid at the rate of 4% on the monthly deposit.
  • If the account is closed more than 5 years but within 10 years, simple interest will be paid at the rate of 5% on the monthly deposit.
  • If the account is closed after more than 10 years, the customer will get simple interest at the rate of 6% on the deposit paid.


Read about - Rupali Bank millionaire deposite scheme


What documents are required for Janata Bank Millionaire Scheme

  • Photocopy of NID or birth registration or driving license of the account holder.
  • 2 copies of recent pass size photograph of the account holder. Two photographs of the account holder must be duly attested by the Introducer.
  • Photocopy of Nominee's NID or Passport or Driving License.
  • 1 copy of recent passport size photograph of the nominee to be attested by the account holder.
  • Tin Certificate (if any).
  • If the customer has a tin certificate, the tax deduction will be 10% and if there is no tin certificate, the tax deduction will be 15%.
  • Customer must have a savings account with Janata Bank.

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