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| Pension Savings Scheme (PSS) |
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IFIC Bank is pleased to offer 3(three) / 5(five) Years Monthly Savings plan with higher return and monthly pension option at maturity. Monthly Installment option and Payment after maturity, now being offered under the scheme, are as under: |
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| With effect from 01.12.2011 |
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| Installment due date: By 10th of every month. |
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| Monthly Instalment |
Net amount payable on maturity |
| After 03 Years |
After 05 Years |
| Tk. 500 |
Tk. 21,247.00 |
Tk. 39,593.00 |
| Tk. 1,000 |
Tk. 42,495.00 |
Tk. 79,186.00 |
| Tk. 2,000 |
Tk. 84,990.00 |
Tk. 1,58,373.00 |
| Tk. 3,000 |
Tk. 1,27,484.00 |
Tk. 2,37,559.00 |
| Tk. 5,000 |
Tk. 2,12,474.00 |
Tk. 3,95,932.00 |
| Tk.10,000 |
Tk. 4,24,948.00 |
Tk. 7,91,865.00 |
| Tk.15,000 |
Tk. 6,37,422.00 |
Tk. 11,87,797.00 |
| Tk.20,000 |
Tk. 8,49,896.00 |
Tk. 15,83,730.00 |
| Tk.25,000 |
Tk. 10,62,370.00 |
Tk. 19,79,662.00 |
| Tk.50,000 |
Tk. 21,24,740.00 |
Tk. 39,59,325.00 |
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| Special Facility: |
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Savings with IFIC PSS is admissible investment for enjoying Income Tax Rebate. |
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Waiver from deduction of Tax on interest on maturity. (other bank deduct Tax @10.00%) |
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| Income Tax Rebate |
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Monthly installments of our PSS will qualify as allowable investment in Yearly Income Tax Return. The account under this scheme will also be exempted from deduction of tax on interest payable at source. However, If any tax or other Govt. Levy is payable under this Scheme in future the same shall be deducted from the account. |
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| Credit facilities |
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The A/c holder can avail loan / Secured Overdraft (maximum 80% of the deposited principal amount but not less than Tk.20,000/-) against lien of the PSS account to meet the personal need, educational expenses of his/her children or for medical treatment. |
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| Deposit Product |
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IFIC Bank offers a wide variety of deposit products to meet your financial needs. From current and savings accounts to Fixed Deposits and Pension Schemes each account is designed to give you the best value for your money. |
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Application Form
Download |
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| Contact Us |
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| For more information |
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| Please feel free to contact your nearest IFIC Bank Branch |
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