Mudarabah Senior Citizen Term Deposit

Mudarabah Senior Citizen Term Deposit is an attractive account for the retired peoples. It will help them to maintain their family expenses in old age.

Salient Features:

  • Only citizens of 59 years and above aged peoples are entitled to open this account./-
  • Minimum deposit: Tk. 50,000/-
  • Tenure: 3, 4, 5, 6, 9, 12, 13, 15, 25 & 36 months.
  • High Weightage is applied, so rate of profit is higher to other term deposit accounts.

Required Documents to open the Account:

  • Photocopy of National ID/Passport or Birth Registration Certificate with any valid photo ID.
  • One copy of passport size recent photocopy of account holder duly attested by the introducer.
  • Photograph of the nominee(s), if any, duly attested by the account holder.
  • Account Opening Form duly filled in.
  • Any other document required by the institution from time to time.

Additional Documents:

For limited company:

  • Certified true copy of Memorandum & Articles of Association.
  • Registered Partnership Deed/duly Notarized Partnership Deed (in case of unregistered firm).
  • Minutes of the committee meetings for opening account with National Housing Finance PLC-Islamic Wing duly certified by the Secretary and Chairman of the firm.
  • Copy of laws and by laws duly attested by proper authority.
  • A copy of the resolution of the committee authorizing specific signatories to operate the account.
  • Certificate of Registration.

For Proprietorship concern:

  • Trade License.
  • e-TIN certificate.