Mudaraba Double Benefit Deposit Scheme (MDBDS) is a special type of fixed deposit account where initial deposited will be double after a certain period of time.

Key Features:
 

  • Mudaraba Double Benefit Deposit Scheme (MDBDS) is a special type of fixed deposit account where initial deposited will be double after a certain period of time.
  • Deposited amount will be double in 6 years.
  • One Person can open more than one MDBDS Account.
  • Investment Facility can be availed.
  • Source Tax & Excise Duty to be deducted as per Government Rule.

 

Details of MDBDS Scheme:

Tenure
Profit Rate

5 years 5 months

13.65% p.a.*

(time to time to be changed)

*Provisional Rate

 

  • Lucrative pre mature encashment benefit is offered.

 

Required Documents:

  • 1 copy photograph of Client.
  • 1 copy photograph of nominee duly attested by Client.
  • Identification proof like NID/Passport/Birth Certificate of Client.
  • Identification proof like NID/Passport/Birth Certificate of Nominee.
  • TIN Certificate of Client (if any).
  • Documents/Information related with sources of fund (if any)