Fixed Term Deposit (FTD)
A fixed term deposit is a deposit held at a financial institution that has a fixed term. Any depositors can deposit amount for 3 months, 6 months, 12 months and 15 months.
Features & Benefits:
- Generally encashment will be done on maturity of the deposit. However, premature encashment can be done only after the minimum period (From the date of account opening) as per Bangladesh Bank regulation.