Trust Assurance Deposit Scheme

This is a secure and flexible monthly saving deposit scheme with the added advantage of insurance. In a market where all other banks offer DPS, TBL ensures that it provides more to the client. The maturity value of the monthly deposit will be received by the nominee in case of sudden death of the depositor, regardless of the number of installments paid or the amount deposited.

Features & Benefits

  • Depositor can choose any denomination (mentioned in the table below) of deposit per month at the time of opening the scheme which cannot be changed later on.

Installment 5 year  (MV) Premium Per year  7 yr (MV)  Premium per year 10 yr (MV)  Premium per year
500  36,084   132.96 54345 202.74 86568 330.52
1000 72168 265.91 108690 405.49 173136 661.04
1500 108,252 398.87 163,035 608.23 259,704 991.56
2000 144336 531.82 217380 810.98 346272 1322.08
2500 180,420 664.78 271,725 1013.72 432,840 1652.6
3000 216504 797.73 326070 1216.47 519408 1983.12
  
3500 252,588 930.69 380,415 1419.21 605,976 2313.64
4000 288,672 1063.64 434,760 1621.96 692,544 2644.16
4500 324,756 1196.6 489,105 1824.7 779,112 2974.68
5000 360840 1329.55 543450 2027.45 865680 3305.2
                
5500 396,924 1462.51 597,795 2230.19 952,248 3635.72
6000 433,008 1595.46 652,140 2432.94 1,038,816 3966.24
6500 469,092 1728.42 706,485 2635.68 1,125,384 4296.75
7000 505,176 1861.37 760830 2838.43 1211952 4627.27
   
7500 541,260 1994.33 815,175 3041.17 1,298,520 4957.79
8000 577,344 2127.28 869,520 3243.92 1,385,088 5288.31
8500 613428 2260.24 923865 3446.66 1471656 5618.83
9000 649512 2393.19 978210 3649.41 1558224 5949.35
9500 685596 2526.15 1032555 3852.15 1644792 6279.87
10000 721680 2659.1 1086900 4054.9 1731360 6610.39

Interest Rate is 8.00%

MV= Maturity Value; Payment can be made in multiple of BDT. 500 only

 

  • To open this account, the applicant must have a Current/Saving Account with Trust Bank for auto debit facility
  • If the depositor expires anytime during the DPS period- even after depositing a single installment, TBL will pay back the full maturity value, subject to fulfillment of insurance requirements
  • If three consecutive installments are not paid, the scheme will be closed automatically
  • Unlike most insurance policies, the scheme will ensure repayment in case of death of depositor due to any cause including pre-existing conditions/disability, suicide, AIDS, Assault or murder, war, warlike situation, only excluding suicide in first two years or death related to AIDS/HIV.
  • OD/Loan facility up to 90% of the deposited amount after minimum 12 months, but minimum amount must not be less than Tk. 50,000/-
  • Nominee is mandatory

Eligibility

 

  • A/C can be opened in  the name of an individual only
  • Any Bangladeshi citizen aged between 18-50 years with valid identification documents

Requirements

 

  • Photocopy of Citizenship Certificate / Passport / Voter I.D. Card / National I.D. Card / Driving License.  Original for verification
  • Two copies of recent passport size photograph duly attested by the introducer. Certified document(s) for source of income.
  • The account requires to be introduced by an existing and satisfactory account holder of Trust Bank Limited.
  • Nominee form and photograph of nominee(s) (signature attested by the account holder). In case of minor nominee, copy of the birth certificate and photograph required.
  • Personal Information Form.
  • KYC Form.