Under this scheme, your money is deposited for a fixed period of time and interest is capitalized with the principal at each year.
Benefits of Term Deposit Schemes:
- Safe investment - High Return - Flexible and diversified products tailored for your need - No incidental costs - Premature encashment allowed after completion of minimum duration - Any Individual or Firm or Corporate House is eligible to participate in the Deposit Scheme of United Finance - Best consumer service - Loan facility up to 80%-90% of investment amount
Type of Term Deposit Schemes:
Annual Profit Term Deposit
- A fixed return investment allowing you to withdraw or reinvest profit or principal at maturity
Cumulative Term Deposit
- Under this scheme profit from your invested amount will be capitalized at the end of each year (after AIT deduction), creating a new principal. - Profit for next year will then be calculated on the full amount.
Features of Term Deposit Schemes:
- Senior citizens (individuals aged 57+) will get 0.25% higher profit rate.
- All term deposit schemes, the minimum deposit amount is Tk. 10,000/-. - The term deposit cannot be encashed before 3 months
- United Finance Deposit Account Opening Form duly filled in and signed - A cheque or Pay Order in favor of 'United Finance Limited' - Copy of Passport or National ID of the applicant, co-applicant and nominee - One recent color photograph of the applicant - One recent color photograph of nominee, attested by the applicant - Copy of E-TIN certificate (if any)
Account Opening Procedure:
- Drop the application form along with the cheque and necessary documents to your nearest and convenient branch location of United Finance - Account will be opened as soon as the cheque is cleared, and account certificate will be available within the next day - You can also contact our customer service, we will attach an associate with you - Your account will be opened and duly delivered to you by the deposit associate