Padma Bank introduces fixed deposit scheme for 125 days

Padma Bank Limited 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%.

Padma Bank Limited recently launched the two fixed-deposit products. This gives customers an opportunity to deposit their money for a shorter period of time. The schemes are Padma Elegant and Padma Professional. Besides, there is Padma Mousum Deposit for those who are contributing in the agro sector. Customers can manage their savings accounts in Tk 50 monthly installments, said a press release.

Padma Elegant scheme was launched recently to encourage women to save their money. This special deposit scheme has been designed considering various benefits for women. The fixed deposit scheme is for 125 days with an interest rate of 8 to 9.50%. Any Bangladeshi woman above 18 years of age can manage this scheme.

Padma Professional 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 interest of 9.5 percent 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%.

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