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The Financial Express

IPDC pays depositors’ interest in advance to help prevent spread of COVID-19

FE Online Desk | Published: March 28, 2020 16:00:24 | Updated: March 29, 2020 19:16:08


IPDC pays depositors’ interest in advance to help prevent spread of COVID-19

IPDC Finance Limited, the first private financial institution established in 1981, has paid their depositors’ interest in advance so that they can stay relaxed and safe at their homes to prevent the spread of Coronavirus Disease (COVID-19).

As government declared general holiday from 26 March to 4 April 2020, IPDC has paid all monthly/fortnightly interest applicable till 5 April 2020 in advance, according to a media release.

Besides, staffers at IPDC are working relentlessly from home to give service to their customers.

The depositors of the institution expressed gratitude for taking up such an initiative, the release added.  

Md Ali Abdullah, one of the depositors, said, “This is an exceptional measure in such a crisis moment. I do transaction through several other institutions, but such customer-friendly initiative is really rare. I thank IPDC cordially for their help.”

Mominul Islam, Managing Director and CEO of IPDC said, “We always put customers’ satisfaction before everything. It is mandatory for us to stay at our residence in present condition. We are trying to help our customers stay relaxed and safe in their house.”

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