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Deposit

A short-term recurring deposit option that helps you build savings for your child’s education or future needs, with the freedom to contribute any amount at your convenience.

Key Features & Benefits:

  • Any amount can be deposited at any time
  • Attractive interest rate
  • Duration of the scheme – 4 years
  • Customer can open multiple “MTB Children Education Deposit Scheme”

Interest:

Amount of Deposit:

  • Any amount each deposit should be a minimum of BDT 250

Eligibility:

  • Nationality: Bangladeshi with Valid Identity Card (Must be a guardian)
  • Age: Below 18 Years
  • Must have a Current/Savings account with MTB
  • Guardian on behalf of his/her minor will be able to open account

Required Documents:

  • Identification: NID/Birth Certificate/Passport (Parent) and Student ID Card/Birth Certificate/Passport (Child)
  • Photographs: Two recent passport-size photographs of both the Parent and the Child.
  • Nominee Details: One nominee photograph (attested by account holder) and nominee’s NID/Birth Certificate/Passport
  • Proof of Income: Income source document
  • E-TIN: Electronic Tax Identification Number

Note: For MTB CASA account holders, some documents may already be on file. However, the bank may request additional documents if necessary.

Note: The amount payable at maturity /closure shall be paid subject to the deduction of tax, excise duty etc. imposed by the Government from time to time.

For more updated information, please contact our Contact Centre at 16219 (from Bangladesh) and +880 96040 16219 (from overseas), or visit the nearest branch of Mutual Trust Bank PLC.

Last updated on November 26, 2024

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