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Our Deposit Products

Fixed Deposit (FDR)

Phoenix Finance and Investments Ltd., offer lucrative rate of interest/profit for its different type of Deposit Product

Please Contact with our Branch

Student Deposit Scheme (আলো)

” Student’s Deposit Scheme (আলো)” is the account where student’s Father/Mother/Legal Guardian can deposit monthly premium with full confidence. It’s an account tailor made to provide Customer very good return/maturity value for different tenure. Customer can open the account in single or joint name.

Features:

  • More than one Account can be opened.
  • Pre-matured Encashment facility on condition.
  • Monthly Premium size: Tk.500/-, 1000/-, to Tk. 25,000/-
  • Tenure: 1 year to 10 years.
  • No Service/maintenance Charge
  • Govt. Tax/Duty will be paid by depositor

Eligibility:

  • Age Limit: Below 24 years
  • Bangladeshi Citizen

Required Documents:

  • Student 1 (one) copy of PP size Photograph attested by introducer
  • Student ID Photocopy
  • Nominee’s 1 (one) copy of PP size Photograph attested by account holder
  • Father/Mother/Legal Guardian’s 1 (one) copy of PP size Photograph attested by introducer.
  • Photocopy of Birth Certificate/NID/Passport/Driving License of Account Holder Depositor, Nominee & Father/Mother/Legal Guardians.

  • Application for opening Account (available at all branches)

    Please Contact with our Branch

Children's Deposit Scheme (আশা)

”Children's Deposit Scheme (আশা)” is the account where Children's Father/Mother/Legal Guardian can deposit monthly premium with full confidence. It’s an account tailor made to provide Customer to double its initial deposit amount on maturity. Customer can deposit money in this account in single or joint name.

Features:

  • Minimum amount one (1) lac to any amount can be deposited
  • Tenure: 5 years 6 months
  • Pre-matured Encashment facility on condition.
  • No limit on deposit
  • No Service/maintenance Charge
  • Govt. Tax/Duty will be paid by depositor

Eligibility:

  • Age Limit: Below 12 years
  • Bangladeshi Citizen

Required Documents:

  • Depositor's 1 (one) copy of PP size Photograph attested by introducer
  • Nominee’s 1 (one) copy of PP size Photograph attested by account holder
  • Father/Mother/Legal Guardian’s 1 (one) copy of PP size Photograph attested by introducer.
  • Photocopy of Birth Certificate/NID/Passport/Driving License of Account Holder Depositor, Nominee & Father/Mother/Legal Guardians.

  • Application for opening Account duly filled up (available at all branches)

    Please Contact with our Branch

Senior Citizen Scheme (SCS)

Monthly/Quarterly Income Option:

” Monthly/Quarterly Income Option Account” is the account where Customer can deposit money with full confidence. It’s an account tailor made to provide Customer a good return in every month/quarter which may help customer to meet-up the necessity of family expenses. Customer can open this account in single or joint name.

Features:

  • Minimum amount one (1) lac to any amount can be deposited
  • Tenure: 1 year to 5 years
  • Pre-matured Encashment facility on condition.
  • No limit on deposit
  • No Service/maintenance Charge
  • Govt. Tax/Duty will be paid by depositor

Eligibility:

  • Minimum Age: 50 years
  • Bangladeshi Citizen

Deposit at Maturity (Time Deposit):

Customer/Depositor can deposit money with full confidence. It’s an account tailor made to provide Customer lucrative interest rates for different tenure of 1 year to 5 years period. Depositor can fix money in this account in single or joint name.

Features:

  • Minimum amount one (1) lac to any amount can be deposited
  • Tenure: 1 year to 5 years
  • Pre-matured Encashment facility on condition.
  • No limit on deposit
  • No Service/maintenance Charge
  • Govt. Tax/Duty will be paid by depositor

Eligibility:

  • Minimum Age: 50 years

  • Bangladeshi Citizen

    Please Contact with our Branch

Monthly Savings Scheme (MSS)

Any Person or Institution can open the MSS accounts by Depositing initially Tk. 500.00 or multiple of Tk. 500.00 and for remaining period monthly premium to be deposited on the same of initial deposit for the period of 3, 5, 7, 10, 12 & 15 years.

Monthly Installment (Tk)Period 3 YearsPeriod 5 YearsPeriod 7 YearsPeriod 10 YearsPeriod 12 YearsPeriod 15 Years
500/- and multiple of 500/-12.50%12.50%12.50%12.50%12.50%12.50%

Terms and conditions:

  • No encashment of the above deposit will be made before 12 (twelve) months.
  • Monthly Premium to be deposited within 10th day of the month.
  • Depositors can avail loan facility up to 90% of his deposited amount subject to minimum loan amount not less than Tk. 25,000.00
  • Tax & Excise Duty to be deducted as per Rule.