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The best monthly dps scheme in bangladesh is currently offered by eastern bank limited (ebl) with competitive interest rates and flexible options. Eastern bank limited (ebl) offers the best monthly dps scheme in bangladesh with a variety of flexible options and competitive interest rates.
Ebl’s monthly dps is a popular savings plan that allows individuals to save a fixed amount of money every month for a specific period. The plan offers attractive interest rates that vary from 4. 50% to 6. 95% depending on the duration of the scheme. Along with competitive interest rates, ebl also offers additional facilities like easy account opening, online statement facilities, and automatic renewal options. Their scheme is ideal for individuals who want to save up for future expenses, such as education, marriage, or emergencies. With its user-friendly system and reliable reputation, ebl’s monthly dps scheme is a popular choice for savers in bangladesh.
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Factors To Consider When Choosing The Best Monthly Dps Scheme
When choosing the best monthly dps scheme in bangladesh, it’s important to consider factors like interest rates, tenure, minimum deposit, frequency of interest payments, and additional benefits. You should compare the interest rates of different schemes and how they impact your returns.
The duration of your investment will affect your returns, so it’s important to choose a scheme with a flexible tenure. Additionally, you need to check the minimum deposit required for different schemes and how it affects your investment. Compare how different schemes pay out interest to investors, such as monthly, quarterly, or annually.
Finally, explore extra benefits like discounts on other services or insurance coverage that some monthly dps schemes offer. These factors will impact your investment and returns, so it’s important to consider them carefully before choosing the best option for you.
Top 5 Monthly Dps Schemes In Bangladesh
Monthly dps schemes offer a great way to invest your money and secure your future. Here we’ve listed the top 5 monthly dps schemes in bangladesh and provided a brief overview of each highlighting their unique features. First, the “sure cash” scheme comes with an interest rate of 8.
5%, a minimum deposit of bdt 10,000, and a tenure of 3 or 5 years. Secondly, “triple benefits” is a shariah compliant scheme with an interest rate of 8. 25%, a minimum deposit of bdt 10,000, and a tenure of 3 or 5 years.
Thirdly, the “money builder” scheme offers a high-interest rate of 10% for a tenure of 5 years with a minimum deposit of bdt 50,000. Fourthly, “new year bonanza” scheme offers an interest rate of 9% with a minimum deposit of bdt 10,000 for a tenure of 3 years.
Lastly, “dream dps” provides a flexible tenure ranging from 3 to 10 years with an interest rate of 8. 5% and a minimum deposit of bdt 5,000. These schemes differ in interest rates, tenure, minimum deposit, frequency of interest payment, and additional benefits.
Investors who have invested in these schemes were highly satisfied, as per their testimonials and reviews.
How To Open A Monthly Dps Account In Bangladesh
Opening a monthly dps account in bangladesh is easy if you follow certain steps. Firstly, you need to choose a reliable financial institution or bank. After that, you will be asked to fill in a form with all the necessary details like name and contact information.
Make sure you submit all the required documents such as a national id card, passport, and a recent photograph. The fees and charges associated with opening a dps account can vary depending on the bank or institution you choose. It is crucial to compare all of the charges and choose the best option to fit your needs.
By following these steps, you can easily open a monthly dps account in bangladesh and start saving for your future.
Frequently Asked Questions Of Best Monthly Dps Scheme In Bangladesh
What Is A Monthly Dps Scheme?
A monthly dps scheme is a financial investment plan that allows you to save a fixed amount every month, typically for a specific period.
What Are The Benefits Of A Monthly Dps Scheme?
Monthly dps schemes offer multiple benefits like guaranteed returns, disciplined saving, flexibility, and tax benefits.
Which Bank Provides The Best Monthly Dps Scheme In Bangladesh?
There are multiple banks in bangladesh that offer monthly dps schemes, but currently, eastern bank ltd. (ebl) is providing one of the best monthly dps schemes.
Is The Return Rate Fixed In Monthly Dps Schemes?
Yes, monthly dps schemes provide a fixed return rate that remains the same throughout the scheme’s tenure.
What Is The Minimum Tenure For A Monthly Dps Scheme?
The minimum tenure for a monthly dps scheme is typically 1 year, and the maximum might go up to 10 years, depending on the bank.
Conclusion
Overall, choosing the best monthly dps scheme in bangladesh can be a tricky decision to make. However, considering the factors we have discussed in this article, such as the interest rate, maturity period, and hidden charges, can help you make a well-informed decision.
It’s crucial to conduct thorough research and carefully read all the terms and conditions before investing your hard-earned money. Moreover, it’s always wise to consider your financial goals and risk tolerance before entering any investment scheme. Keep in mind that availing of a monthly dps scheme is an excellent way to encourage a saving habit and create a stable financial future.
By choosing the best option for you, you can reap the benefits of higher interest rates, guaranteed returns, and financial security.