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Deposit Products
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- Savings Bank Deposit A/C
- Special Notice Deposit A/C
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- Power Saver
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- Millionaire Scheme
- Kotipoti Scheme
- NCC NXT Savings Account
- NCC NXT Maximus Fixed Deposit
- NCC NXT Moneyplant DPS
- NCC Freelancer Account
NCC NXT Moneyplant DPS
Nowadays you have access to more money than ever before, thanks to allowances, gifts and for many, income from artistic presentation of talents, tuition, freelancing, gaming, part-time jobs, etc. Having more money makes you more responsible for managing money and making decisions for everything from small everyday purchases to bigger-ticket items (such as a bike or a computer) or to save for your higher education. What I am telling now is about managing your pocket money in a Smart Way by understanding money.
The True Value of Money.
Knowing in advance the true cost and value of lifestyle and purchasing decisions can allow you to have financial and personal freedom. The key for you is to handle (and not too often mishandle) money in ways that are right for you. Understand the value of money and then use your money wisely.
Needs vs. wants--what you need to know.
There is no one right answer for everyone. The choice is yours. Just make sure you're aware of the consequences before you satisfy your wants.
Time is money.
If you're spending your time wisely, you'll be a resourceful person by having more time to do what is really important to you.
Short- and long-term goals.
Meeting short-term as compared to long-term goals is a constant battle when it comes to money. Very often, it's a question of satisfying many short-term goals (e.g., to get the latest phones or purchase items online) or putting all or most of them on hold to save up for a more expensive goal (e.g., laptop, gaming console or higher education expenses). You can develop your skills in saving and investing to meet your long-term goals. See the big picture to get the willpower to work towards your long-term goals. "Little drops of water make the mighty ocean" an English proverb you might have heard from your seniors. If one goes by this saying, small but periodic investments can grow to a large sum at maturity. This is the basic investment logic behind the NCC NXT Moneyplant DPS.
Prerequisite to Open the Account: Applicant must have an NCC NXT Savings Account.
Account Operation: For students under 18 years, you need to get the account opening Application Form signed by both of your Parents or Legal Guardian with passport size photographs. For students above 18 years and below 25 years, you can open the FD on your own.
Size of Installment: Minimum monthly installment is Taka 250 and Maximum is Taka 10,000.
Tenure: Maturity periods are 2 years, 3 years, 5 years, 8 years, 10 years and 12 years.
Annual Service Charge: Free of charges.
Account Reactivation: Account reactivation is allowed up to the 4th month after consecutive failure of depositing monthly installment of 3 months or as per NCC Bank Policy.
Selection of Account Nominee: Selection of Nominee for this account is mandatory and nominee will only be selected by the Parents or Legal Guardian for students under 18 years of age. Students aged above 18 and below 25 years can select nominee on their own.
Online Monthly Installment Deposit Charges: Free from any of NCC Bank Branches.
Standing Instruction for depositing monthly installment: Free from any NCC Bank Deposit Account of account holder or the Parents/Legal Guardian.
Premature Encashment: Free of Charge.
| Age under 18 years | Age 18 to 25 years |
|---|---|
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1. A photocopy of NID of the father or mother or legal guardian (account operator), or any other photo bearing document as proof of their identity (such as citizenship certificate or attestation letter, passport copy, driving license copy etc.) along with student's birth registration certificate and identification card or a testimonial issued by the educational institution or a copy of the most recent tuition fee receipt. 2. One passport size Photographs of Student and the account operator (Father, mother or legal guardian). 3. One passport size Photograph of the Nominee attested by the Account Operator. 4. NID or birth registration or any photo ID of Nominee. |
New Accounts: 1. A photocopy of NID or birth registration certificate or any other photo bearing document as proof of identity (such as citizenship certificate or attestation letter, passport copy, driving license copy etc.). 2. One passport size photograph of the student. 3. One passport size Photograph of the Nominee attested by the Account Holder. 4. NID or birth registration or any photo ID of Nominee. 5. Student I'D card, or testimonial issued by the educational institution or a copy of the most recent tuition fee receipt. |
