Eastern Bank Ltd. | EBL Aspire Scheme

EBL Aspire Scheme

EBL Aspire is a midterm recurring deposit protection scheme (DPS) with higher return which will help you to save for your child's future.

Choice of Tenure is available for 3, 5 and 7 years
Monthly installment amount: any multiple of BDT 1000, starting from BDT 5000 not exceeding BDT 100,000.
Any EBL Junior and Campus account holder can open this account
No Initial Deposit needed
Automatic realization of monthly installments
Maximum 90% Loan facility against EBL Aspire Scheme for Campus account holders
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 Savings Rate
- Closed After 3 Year- 2% less than EBL Aspire Scheme Rate

The below Maturity Value Table shows the different installment amounts on available tenures:

Maturity Amount

* Multiple of 1,000; Minimum amount 5,000; Maximum 100,000 Monthly Installment

For other installments maturity value will follow the above table; i.e. if monthly installment is BDT 8000 for 5 years, the maturity value will be 1.6*345982=553571.2 (as 8000/5000=1.6).
Above Monthly Installments are based on prevailing interest rate, and will change with rate change.
Maturity value is subject to proper and regular payment of the prescribed monthly installments
Maturity Amount showed here is subject to income tax and/or other levies.