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IFIL Declared 25% Stock Dividend and Right share at the rate of 01(one)[R]:02(two) for the year 2009 More>>
IFIL
being a licensed Financial Institution operating under
Bangladesh Bank is also authorized to take deposits
from General Public, Corporate bodies, Governments
and Semi-Governments institutions. The Board of Directors
in its 106th meeting approved actual profit rate of
10.19% for 1 weightage.On the basis of this actual
rate provisional rates of profit on different dispost
products are determined to be as follows:
Product
Name
Nature
of Deposits
Provisional
Rate
IFIL
MTD CALCULATOR
MTD
(Mudaraba Term Deposit)
At maturity
MTD
for 6 Months
10.00%
MTD
for 1 year
11.00%
MTD
for 2 years
11.50%
MTD
for 3 years & more
12.00%
MTD
double money
13.50%
MTD
triple money
MTD
(Mudaraba Term Deposit)
Monthly
MTD
for 1 year
11.00%
MTD
for 2 years
11.25%
MTD
for 3 years & more
11.50%
********************* Basic rules for MTD
*********************
Mudaraba Term Deposits
can be opened by cheque, pay order or bank
draft from individuals (single and joint),
firms (propietorship/partnership), limited
companies, autonomous bodies, charitable
institutions, association, educational institution,
local bodies, trusts, etc.
The account holder is
not allowed to withdraw the amount before
maturity date. But on obtaining the IFIL's
prior consent the depositor(s) may withdraw
the deposit before maturity without any
profit i.e. no profit no loss basis.
If the profit amount
is not withdrawn it will automatically be
added to the principal amount annually and
the entire amount will earn profit/loss.
Matured deposit if not
encashed within one month of maturity, the
deposit shall automatically be renewed for
the period one year.
Depositors can avail
Quard up to 70% of their deposit amount
for MTD(At maturity) 1 year,2 years,3 years
& above.
The IFIL retains the
right of refusing to accept any deposit
from any person in MTD account without assigning
any reason.
The IFIL reserves the
right to add or alter any or all the rules.
Schemes
Provisional
Rate
Mudaraba
Pension Deposit Scheme
13.5%
Mudaraba
House Owning Deposit Scheme
Mudaraba
Hajj Deposit Scheme
Mudaraba
Higher Education & Marriage Deposit Scheme
Other
attactive schemes
Following
chart for the
Mudaraba Special Deposit Scheme Mudaraba
Marriage Saving Scheme
Mudaraba Mohor Deposit Scheme
Mudaraba Education Saving Scheme
Balance
After tax
Monthly
Deposit Amount (Tk.)
After
5 years
After
6 years
After
7 years
After
8 years
After
10 years
After
12 years
After
15 years
500
39,800
50,600
62,700
76,100
107,700
146,700
223,400
1000
79,600
101,300
125,500
152,300
215,400
293,500
446,800
2000
159,300
202,700
251,000
304,700
430,900
587,100
893,700
3000
239,000
304,100
376,500
457,100
646,400
880,700
1,340,600
4000
318,700
405,500
502,000
609,400
861,900
1,174,300
1,787,500
5000
398,400
506,900
627,500
761,800
1,077,300
1,467,800
2,234,300
100
7,968
10,138
12,552
15,237
21,548
29,358
44,688
Mudaraba
Kotipoti Deposit Scheme
Balance
After tax
Year
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Monthly
Installment (Tk.)
125500
98645
79675
65635
54875
46410
39615
34065
29470
25630
22380
19615
17245
15200
13430
11890
Amount
to be paid
after maturity (in Crore)
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Mudaraba
Millionaire Deposit Scheme
Balance
After tax
Year
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Monthly
Installment (Tk.)
23450
16620
12550
9865
7970
6565
5490
4645
3965
3410
2950
2565
2240
1965
1725
1520
1345
1190
Amount
to be paid
after maturity (in Lakh)
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
Mudaraba
Lakhopoti Deposit Scheme
Balance
After tax
Year
5
6
7
8
9
10
11
12
13
14
15
Monthly
Installment (Tk.)
1255
990
800
660
550
465
400
340
295
260
225
Amount
to be paid
after maturity (in Lakh)
1
1
1
1
1
1
1
1
1
1
1
************************ Basic rules for Schemes
************************
Any
desirous person may open the A/C, deposited
on monthly basis.
Monthly installments have to be deposited
by 15th of each month.
Any depositor may open one or more account
in the same name in the same branch.
TAX,
VAT, Excise Duty as applicable by Government
will have to be borne by the depositor.
IFIL has the authority
to change/amend the rules and regulations
regarding the scheme as and when required
and the depositor must abide by the rules.
In case of Death of
the depositor the amount payable will be
paid to the nominee. If there is no nominee
by submitting Succession certificate the
amount will be paid to legal successor of
the depositor
