Interest Rate

Topics: Deposit account, Savings account, Fractional-reserve banking Pages: 5 (410 words) Published: February 24, 2014
A

Prime Bank Limited
Financial Administration Division
Head Ofiice. Dhaka

Instruction Circular No. 20141 | |

Februarv 04. 2014

All Head of Conventional Branches
All Head of SME Branches
Prime Bank Limited
Bangladesh

Sub:

Reviscd Rates on DeDosit for Convcntional Branches (other than Islamic Bankinq Branches)

Please refer to our previous Instruction Circular no. 0612014 dated January 20, 2014. The rate of interest on Deposit for Conventional Branches (other than lslamic Banking Branches) and SME Branches has been revised as under:

SL#

0l

02
03

Reviscd Ratc of

Particulars

Intcrcst

.Sp9Si4 NSlicg. P9p9t!! ({qr cq{omer)
a) Below Tk. 1.00 crore

b) Tk.1 .00 crore and above but below Tk.25.00 crore
c) Tk.25.00 crore and above but below Tk.50.00 crore
d) Tk.50.00 crore and above but below Tk.100.00 crore
e) Tk.100.00 crore and above
Savings Deposit
Fixed Deposit
A) I (One) month
a) Below Tk.50.00 lac
b) Tk.50.00 lac and above but below Tk.l.00 crore
9) Jkl:00 9l9le 4qq abov_e_-bu.t below Tk.3.00 crore
d) Tk.3.00 crore and above
BIJ (Threc) months
a) Below Tk.50.00 lac
b) Tk.50.00 lac and above but below Tk.l.00 crore
c) Tk.l.00 crore and above but below Tk.3.00 crore
d) Tk.3.00 crore and above
C) 6 (Six) months
a) Below Tk.50.00 lac
b) Tk.50.00 lac and above but below Tk.l .00 crore
c) Tk.l.00 crore and above but below Tk.3.00 crore
d) Tk.3.00 crore and above
D) | (One) ycar & above
a) Below Tk.50.00 lac
b) Tk.50.00 lac and above but below Tk.l.00 crore
c) Tk.l.00 crore and above but below Tk.3.00 crore
d) Tk.3.00 crore and above
'-q Spf"iqlf"fq Deposit (for Corporate Customer)
f) $i:" o9,p9pit;_Mjgmgm rk.10.00 Crore
-of

b) Tenor: Minimum

0j iihiee) monrhs

3.00%
5.50%

7.00%
9.00%
9.00o/o

5.25%

7

-

.00%

7

.00Yo

7.00%

i.oon
t0.50%
10.50%

10.50v.
10.50%
l0.15Yo
10.7 5Yo

t0.7 svo
to.7 5%
10.7

5%

10.7

5%

10.'7 5Yo

t0.7 5%

11

.50%

However, the following conditions will prevail:

a) Bank Deposit will be dealt with separately by Treasury Division. b) For mobilization ofdeposit against Provident Funds and Gratuity Funds 0.2570 higher rate may be offcred. c) For the Senior Citizenship Scheme 0.257o highcr ratc may be offered only for an amount of d)

maximum Tk.50.00 Iac (maximum ceiling ofdeposit is Tk.50.00 lac per customer). The revised rate of interest will be effective ftom February 04, 2014.

ShaHfhIan Majumdcr
EVP lnH Hcad of Finance
Copy

to:

l)
2)
3)
4)

Ahmed Kamal Khan Chowdhury
Chief Officer Financc & Global Business

The Managing Director
The Deputy Managing Directo(s)
All Head of Islamic Banking Branches

All Divisional

Heads at Head Office

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