Eastern Bank Ltd. | EBL Confidence

EBL Confidence

Watch your small savings become BIG!

With EBL Confidence, just select the time and the monthly deposit as per your requirement and see the magic of turning your small monthly savings into a large amount over a period; the perfect investment scheme to boost your confidence – the EBL Way.

Best for you if you

Want to go for short to midterm savings
Want to choose the final amount as per your requirement
Want flexible tenures and monthly installments

Features

Tenure and rate

Monthly Installment	Maturity After 1 Year	Maturity After 2 Years	Maturity After 3 Years	Maturity After 5 Years	Maturity After 7 Years	Maturity After 10 Years	Maturity After 15 Years
500	6,240	12,945	20,160	36,245	54,310	87,045	159,405
1,000	12,480	25,890	40,320	72,490	108,620	174,090	318,810
5,000	62,400	129,450	201,600	362,450	543,100	870,450	1,594,050
10,000	124,800	258,900	403,200	724,900	1,086,200	1,740,900	3,188,100
20,000	249,600	517,800	806,400	1,449,800	2,172,400	3,481,800	6,376,200

* Multiple of 500; highest 20000 Monthly Installment

Note:

Maturity Amount mentioned above is before Tax
For other installments maturity value will follow the above table; i.e. if monthly installment is BDT 2500 for 5 years, the maturity value will be 36,245*5=1,81,225 (as 2500/500=5)
Maturity value is subject to proper and regular payment of the prescribed monthly installments
Any Bangladeshi Citizen aged 18 years or above can open this account
EBL Confidence can be opened at any multiple of Tk. 500 to Tk. 20,000.00 per month
One customer can open more than one “EBL Confidence”
Automatic realization of monthly installments
Maximum 90% Loan facility
In case of Early encashment, Interest forfeiture will be as below:
- Closed Before One Year – No Interest will be provided
- Closed After one Year but before three Year- Interest at prevailing Savings Rate
- Closed After 3 Closed Years- 2% less than EBL Confidence Rate