Double Money Deposit (DMD)
It is a deposit product for a specific period of 7 years. On completion of term of 9 years, the deposit amount will make the principal amount double and depositor will get double of deposited amount.
Features & Benefits:
- Any person can open Double Money Deposit (DMD) A/c with Union Capital Limited for Tk. 1.00 Lac and it’s multiple.
- Premature encashment of DMD will be discouraged. However if the depositor insisted to encash the same before maturity then 2{4c2de014320c3a8ab6287e3d61e203a5d2f5d5739008dae2837c892b7c2b403f} charge will be deducted from the prescribed interest rate.