Trust Echo Plus

This is a monthly benefit deposit scheme for non-individuals, such as Govt. /Semi Govt., Private/Public Limited Companies etc. Here a company or institution can save their fund and earn competitive interest on their valued fund each month for a chosen frame of tenure

  • Minimum principal amount Tk. 500,000 (Taka Five Lac Only) with no upper limit.
  • Time frame of 1,2 or 3 years
  • Payment of monthly profit shall start from the subsequent month after clear a minimum gap of 30 days from date of deposit.
  • Auto renew facility
  • OD facility up to 85% of the value of the deposit
  • Nominee not required
  • All payments, principal & interest, shall be paid to the specified deposit account or through PO as per demand of the client
  • The Receipt will not be transferable.
  • Excise Duty and TDS (Tax Deducted at Source), (if any) will be deducted as per Govt. rules.

The below Maturity Value Table shows the different installment amounts on available tenures:

Tenor Monthly Interest Per Lac (Before Tax)
1,2 & 3 yrs TK.500/-

Can be opened by Govt/Semi Govt organization to save their funds, PF or any other Contributory Fund; Corporate bodies, Private/Public Limited companies; Associations, Clubs; Hospitals; Educational Institutions, NGOs etc.

  • Under this scheme, minimum principal amount is Tk. 500,000 (Taka Five Lac Only). There is no upper limit.
  • Trust Echo Plus must be kept for a term of 1 year (12 Months)/ 2 Years (24 Months) / 3 years (36 Months).
  • Payment of monthly profit shall start from the subsequent month after a clear minimum gap of 30 days from date of deposit.
  • All payments, principal & interest, shall be paid to the specified deposit account or through PO as per demand of the client.
  • TDS (Tax Deducted at Source), (if any) will be deducted as per Income Tax Rules.
  • The Receipt will not be transferable.
  • Unless prior written notice is received by the Bank, the Bank will automatically renew the deposit for the same period on the maturity date at the prevailing rate of interest.
  • Excise Duty is to be deducted from the interest realized on maturity date or at the time of encashment of Echo Plus as per the existing general FDR rule.