City Bank DPS
City Bank DPS is an attractive savings scheme that can secure your future. Through DPS, the customer deposits a fixed amount of money in City Bank on a monthly basis and gets the money back with profit at the end of the specified period. Any adult Bangladeshi citizen above 18 years of age can open a DPS account with Legal Guardian City Bank on behalf of minors. City Bank provides DPS facility for the customer from 6 months to 120 months or 10 years.
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| City Bank DPS |
Features of City Bank DPS
- Customers can open DPS account at any branch of City Bank.
- City Bank is offering timely profit rate on DPS which is highest compared to other banks.
- City Bank provides up to 90% loan facility against the amount deposited in DPS.
- Before maturity, the customer will get the facility of withdrawing money from City Bank DPS subject to certain conditions.
- The customer can pay the installments of City Bank DPS on any date of the month according to his convenience.
- Customers can avail internet banking and mobile banking through City Touch App of City Bank.
City Bank DPS interest rate
- 6 months to 12 months DPS profit rate is 6.50%
- 13 months to 24 months Citibank DPS offers profit of 7%
- Profit rate is 7.50% on DPS for 25 to 36 months.
- From 37 to 120, City Bank offers 8% profit on DPS to customers.
Please note that to open a DPS account in City Bank, the customer must have a current account or savings account in City Bank.
Read more - Rupali Bank DPS Scheme
Documents required to open City Bank DPS account
- Photocopy of account holder's NID card or passport, or birth registration.
- Two copies of passport size photographs of the account holder must be attested by his introducer.
- Photocopy of Nominee's NID, or Passport or Birth Registration.
- 1 photo copy of the nominee must be attested by the account holder.
- Customer's E-TIN Certificate (if any).
- Customer will get 10% tax deduction if he has e-tin certificate. If the customer does not have an e-TIN certificate, the tax deduction will be 15%.
- Customer must have a savings account with City Bank.