Padma Bank introduces a 125-day fixed deposit scheme

Padma Bank Limited customers don't have to wait an era or a decade anymore to enjoy the benefits of fixed deposits in banks. The bank has introduced a fixed deposit scheme for only 125 days, or four months and five days. Interest rates are also available up to 9.50 per cent.

Padma Bank Limited recently launched the two fixed-deposit schemes. This gives customers an opportunity to get their deposit back in a short period of time. The schemes are Padma Elegant and Padma Professional.

Besides, there is Padma Mousum Deposit for those who are contributing to the agri & agro sector. Customers can manage their savings accounts in Tk 50 monthly instalments.

Padma Elegant: This scheme was launched recently to encourage women to save. This special deposit scheme has been designed keeping in mind the various benefits of women. The fixed deposit scheme is for 125 days at an interest rate of 8 to 9.50 per cent. Any Bangladeshi woman above 18 years of age can manage this scheme.

Padma Professional: This fixed deposit scheme is specially designed for doctors, engineers, architects, and chartered professionals etc. The 125-day fixed deposit account can be opened at a maximum rate of 9.5 per cent for any amount starting from Tk 50,000.

Padma Mousum: Padma Bank Limited has taken a great step to honour those who keep the wheels of the country's economy moving by producing food. The Padma Mousum Schemes has been launched for them. The scheme is for those who work in the agriculture, poultry, and fisheries sectors. This account can be opened with as little as Tk 50 and as much as Tk 10,000. Interest rates will be available up to a maximum 10 per cent.

Padma Bank Limited has a total of 18 schemes with various tenures and attractive rates, including Padma Elegant, Padma Professional, and Padma Mousum.