NRB Money Double Program (MDP)
It is a deposit product for a specific period of 9 years 7 months. On completion of term of 9 years 7 months the deposit amount will make the principal amount double and depositor will get double of deposited amount.
Features & Benefits:
- Any person can open Money Double Program Deposit (MDPD) A/c with NCC Bank Limited for Tk. 1.00 Lac and it's multiple.
Premature encashment of MDPD will be discouraged. However if the depositor insisted to encash the same before maturity then the following
procedure will be applicable for premature encashment
- For less than 12 months: No interest will be paid other then principal amount, but charges to be realized from the principal amount of deposit
- For more than 12 months: Interest will be paid at existing rate applicable to Savings Bank Deposit A/c and charges to be realized from the proceeds
- Bank prescribed account opening form duly filled up (Download).
- Photo: 2 passport size
- Nominee Photo: 1 pp size attested by account holder attestation on the reverse side
- Identification: Photocopy of Valid passport along with visa page/work permit with due attestation