Currently many of us have accounts in BRAC Bank. Many of them want to open DPS account in BRAC Bank and therefore want to know about DPS rate of BRAC Bank. If you also want to know about BRAC Bank DPS rate, then you came to the right place. In this article we discuss about BRAC Bank DPS rate.
Table of Contents
Personal Savings and Current Account
Current Plus, Mukti Current, TARA Mukti Current: No Interest, No Fee in Inter-City Cash Transactions
Future Star (Kids and Students < 18): 3.50% on any balance
Agami (Students of age 18-25): 3.00% on any balance
TARA Agami: 3.50% on any balance
|
Regular Savings Products |
Senior Citizen (Golden Benefits) |
||||
|
Balance |
TBS* |
TARA TBS** |
Balance |
Regular |
TARA |
|
5 Cr & Above |
2.50% |
3.00% |
5 Cr & Above |
3.50% |
3.50% |
|
1 Cr-<5 Cr |
2.00% |
2.50% |
1 Cr-<5 Cr |
3.00% |
3.25% |
|
50 Lac-<1 Cr |
1.00% |
1.50% |
50 Lac-<1 Cr |
2.50% |
2.75% |
|
25 Lac-<50 Lac |
0.75% |
1.25% |
25 Lac-<50 Lac |
2.00% |
2.50% |
|
1 Lac-<25 Lac |
0.50% |
0.75% |
1 Lac-<25 Lac |
1.50% |
2.00% |
*Also applicable for Savings Classic, Agent Banking Savings, Campus Current and other discontinued savings products.
**Also applicable for Agent Banking TARA (TARA Audommo Savings).
|
Non-Checking (Happy Savers) |
Premium Banking (Premium Savers) |
||||
|
Balance |
Regular |
TARA |
Balance |
Regular |
TARA |
|
25 Lac & Above |
2.00% |
2.50% |
5 Cr & Above |
3.00% |
3.00% |
|
5 Lac-<25 Lac |
1.50% |
2.00% |
1 Cr-<5 Cr |
2.50% |
2.75% |
|
1 Lac-<5 Lac |
1.00% |
1.50% |
25 Lac-<1 Cr |
2.00% |
2.50% |
|
<1 Lac |
0.50% |
1.00% |
5 Lac-<25 Lac |
1.50% |
2.00% |
| Employee Banking (Savings/Current) | |||
|
Balance |
Rate |
Balance |
Rate |
|
5 Cr & Above |
3.50% |
5 Lac-<25 Lac |
2.00% |
|
1 Cr-<5 Cr |
3.00% |
1 Lac-<5 Lac |
1.50% |
|
50 Lac-<1 Cr |
2.75% |
50,000-<1 Lac |
1.00% |
|
25 Lac-<50 Lac |
2.50% |
||
|
Probashi Subidha (Current) |
Probashi Savings (NRB) |
||
|
Balance |
Rate |
Balance |
Rate |
|
25 Lac & Above |
1.50% |
5 Cr & Above |
3.00% |
|
5 Lac-<25 Lac |
1.00% |
1 Cr-<5 Cr |
2.50% |
|
1 Lac-<5 Lac |
0.75% |
50 Lac-<1 Cr |
1.50% |
|
5,000-<1 Lac |
0.50% |
25 Lac-<50 Lac |
1.25% |
|
1 Lac-<25 Lac |
0.75% |
||
|
RFCD Current Account (CAFCD) |
||
|
Currency |
Rate |
Minimum Balance |
|
USD |
0.25% |
USD 1,000 |
|
GBP |
0.10% |
GBP 500 |
|
EURO |
0.01% |
EURO 1,000 |
Read more - IFIC Bank FDR rate
Personal (Retail & Probashi) Fixed Deposit
Interest after Maturity: Minimum amount BDT 1 Lac
|
Classic Tenor |
Regular |
Sr. Citizen |
Special Tenor |
Regular |
|
FAGEN-Retail, FPGEN-Probashi, ABGEN-Agent Banking |
FRGFD |
FRSPL-Retail, FPSPL-Probashi |
||
|
36 & 24 Months |
6.00% |
6.00% |
15 Months |
6.00% |
|
12 Months |
6.00% |
6.00% |
13 Months |
6.00% |
|
180 Days |
5.81% |
5.81% |
9 Months |
5.81% |
|
90 Days |
5.81% |
5.81% |
7 Months |
5.81% |
|
60 Days |
3.00% |
3.00% |
4 Months |
5.81% |
|
30 Days |
2.00% |
2.00% |
150 & 100 Days |
5.81% |
*For Astha app: BDT 10,000-<1 Lac is also available. Rate is 2% for 30 & 60 Days and 5.81% for 90 Days & above.
Retail & Probashi Monthly Interest FD (FRABR-Retail, FPABR-Probashi, ABABR-Agent):
5.81% for 6 months and 6.00% for 12, 14, 18, 24, 36, 60 & 84 Months
Retail Quarterly Interest FD (FRFRD): 5.81% for 6 months and 6.00% for 12, 24 & 36 Months
Retail Unit FD (FRUNT): 6.00% (12 Months)
DPS
|
Year\Segment |
Personal & SME* |
Personal-TARA* & Probashi |
|
10 |
7.00% |
7.00% |
|
9 |
6.00% |
6.50% |
|
8 |
6.00% |
6.50% |
|
7 |
6.00% |
6.25% |
|
6 |
6.00% |
6.25% |
|
5 |
5.50% |
6.00% |
|
4 |
5.00% |
6.00% |
|
3 |
5.00% |
5.50% |
|
2 |
4.00% |
5.00% |
|
1 |
3.00% |
4.00% |
Additional Benefits:
- Instalment starting from just BDT 500 (maximum: unlimited)
- Auto monthly instalment debit facility from the Transactional Account and Auto closure facility to Transactional Account, after the maturity
- Investment Tax Rebate Facility on yearly DPS instalment total of BDT 60,000
- 90% Loan facility (as term loan/overdraft/credit card); 95% for TARA & SME
- Most importantly, Early encashment facility at completed year rate for both completed & fraction year (no reduction)
*Same facility available for Agent Banking Clients also (for TARA AB Flexi DPS: starting from just BDT 300- multiple of 100)
SME Current Account
SME Shadhin (CSSDN): No Interest, No Fee in Inter-City Cash Transactions
|
SME Prapti (CABIZ)/Prothom Account (CSPRM): |
TARA Uddokta (CSTUG) / Prothom Account (CSTPM): |
||
|
25 Cr-<50 Cr |
2.00% |
5 Cr-<50 Cr |
3.00% |
|
5 Cr-<25 Cr |
1.00% |
1 Cr-<5 Cr |
2.50% |
|
1 Cr-<5 Cr |
0.75% |
50 Lac-<1 Cr |
1.50% |
|
50 Lac-<1 Cr |
0.50% |
25 Lac-<50 Lac |
1.25% |
|
1 Lac-<50 Lac |
0.25% |
1,000 -<25 Lac |
0.75% |
Corporate Current & SND Account
Corporate Current Account (CCCLA): No Interest, No Fee in Inter-City Cash Transactions (<1 Lac amount)
Corporate Current Shimahin (CCHAR): No Fee in Inter-City Cash Transactions, with Interest
|
Balance |
Rate |
|
10 Cr and Above |
1.00% |
|
5 Cr-<10 Cr |
0.75% |
|
<5 Cr |
0.50% |
Special Notice Deposit/SND (SASTD):
|
Balance |
Rate |
|
100 Cr and Above |
2.00% |
|
50 Cr-<100 Cr |
1.50% |
|
25 Cr-<50 Cr |
1.25% |
|
1 Cr-<25 Cr |
0.75% |
|
<1 Cr |
0.25% |
*Also applicable for Corporate Current Elite Plus (CCELP) and other products with similar rate matrix.
Provident & Gratuity Fund Current Account (CCELE): 2.00% on any amount
Foreign Currency Current Account (CAFCY): No Interest, No Charge
Special Current Account Rate: As per agreement & overall relationship
SME & Corporate Fixed Deposit
Interest after Maturity: FSPRA-SME, FCGEN-Corporate
|
Classic Tenor* |
1 Lac-<1 Cr |
1 Cr & Above |
Special Tenor |
1 Lac-<1 Cr |
1 Cr & Above |
|
36 & 24 Months |
6.00% |
6.00% |
15 Months |
6.00% |
6.00% |
|
12 Months |
6.00% |
6.00% |
13 Months |
6.00% |
6.00% |
|
180 Days |
5.50% |
5.75% |
9 Months |
5.50% |
5.75% |
|
90 Days |
5.00% |
5.25% |
7 Months |
5.50% |
5.75% |
|
60 Days |
3.00% |
4.00% |
4 Months |
5.25% |
5.50% |
|
30 Days |
2.00% |
3.00% |
150 & 100 Days |
5.25% |
5.50% |
*Also available for Agent Banking SME Clients (FSPRA). ** Clubbing allowed.
Corporate Monthly Interest FD (FCABP): 5.00% for 6 months and 6.00% for 12, 14, 18, 24, 36, 60 & 84 Months
SME Probiddhi (FSPBD): 5.00% for 3/6/12 months
Foreign Currency (FCFCY)/NFCD FD (FNFCD):
|
Tenor |
30 Days |
90 Days |
180 Days |
12 Months |
|
USD |
0.50% |
1.00% |
1.50% |
2.00% |
SME Current Account
SME Shadhin (CSSDN): No Interest, No Fee in Inter-City Cash Transactions
|
SME Prapti (CABIZ)/Prothom Account (CSPRM): |
TARA Uddokta (CSTUG) / Prothom Account (CSTPM): |
||
|
25 Cr-<50 Cr |
2.00% |
5 Cr-<50 Cr |
3.00% |
|
5 Cr-<25 Cr |
1.00% |
1 Cr-<5 Cr |
2.50% |
|
1 Cr-<5 Cr |
0.75% |
50 Lac-<1 Cr |
1.50% |
|
50 Lac-<1 Cr |
0.50% |
25 Lac-<50 Lac |
1.25% |
|
1 Lac-<50 Lac |
0.25% |
1,000 -<25 Lac |
0.75% |
Corporate Current & SND Account
Corporate Current Account (CCCLA): No Interest, No Fee in Inter-City Cash Transactions (<1 Lac amount)
Corporate Current Shimahin (CCHAR): No Fee in Inter-City Cash Transactions, with Interest
|
Balance |
Rate |
|
10 Cr and Above |
1.00% |
|
5 Cr-<10 Cr |
0.75% |
|
<5 Cr |
0.50% |
Special Notice Deposit/SND (SASTD):
|
Balance |
Rate |
|
100 Cr and Above |
2.00% |
|
50 Cr-<100 Cr |
1.50% |
|
25 Cr-<50 Cr |
1.25% |
|
1 Cr-<25 Cr |
0.75% |
|
<1 Cr |
0.25% |
*Also applicable for Corporate Current Elite Plus (CCELP) and other products with similar rate matrix.
Provident & Gratuity Fund Current Account (CCELE): 2.00% on any amount
Foreign Currency Current Account (CAFCY): No Interest, No Charge
Special Current Account Rate: As per agreement & overall relationship
SME & Corporate Fixed Deposit
Interest after Maturity: FSPRA-SME, FCGEN-Corporate
|
Classic Tenor* |
1 Lac-<1 Cr |
1 Cr & Above |
Special Tenor |
1 Lac-<1 Cr |
1 Cr & Above |
|
36 & 24 Months |
6.00% |
6.00% |
15 Months |
6.00% |
6.00% |
|
12 Months |
6.00% |
6.00% |
13 Months |
6.00% |
6.00% |
|
180 Days |
5.50% |
5.75% |
9 Months |
5.50% |
5.75% |
|
90 Days |
5.00% |
5.25% |
7 Months |
5.50% |
5.75% |
|
60 Days |
3.00% |
4.00% |
4 Months |
5.25% |
5.50% |
|
30 Days |
2.00% |
3.00% |
150 & 100 Days |
5.25% |
5.50% |
*Also available for Agent Banking SME Clients (FSPRA). ** Clubbing allowed.
Corporate Monthly Interest FD (FCABP): 5.00% for 6 months and 6.00% for 12, 14, 18, 24, 36, 60 & 84 Months
SME Probiddhi (FSPBD): 5.00% for 3/6/12 months
Foreign Currency (FCFCY)/NFCD FD (FNFCD):
|
Tenor |
30 Days |
90 Days |
180 Days |
12 Months |
|
USD |
0.50% |
1.00% |
1.50% |
2.00% |
Early Encashment Policy (for local currency products)
|
Fixed Deposit |
DPS |
|
After 360 Days: 1.00% less from contract rate |
After 12 Months: at completed year rate |
Loan Policy against FD/DPS Principal Amount:
- 90% @ 3% mark-up
- 95% for TARA @ 2% mark-up
Tax on Interest Income:
- 20% for Non-individual
- 10% for individual if E-TIN provided; otherwise 15%
Excise Duty on Deposit:
|
Highest Balance in a Year |
Excise Duty |
|
Up to BDT 1 Lac |
Nil |
|
>1 Lac-5 Lac |
150 |
|
>5 Lac-10 Lac |
500 |
|
>10 Lac-1 Cr |
3,000 |
|
>1 Cr-5 Cr |
15,000 |
- Tax on interest and excise duty on deposit is applicable as per the law of the country.
- This rate sheet is not applicable for Scheduled Banks and NBFIs.
- Rates can be changed time to time as per the discretion of the Bank.
- Any tenor/product not mentioned in the above matrix is not available for new booking (rate will be given for renewal as per above matrix).
- FD below 1 Lac is not available for new booking through branches (Renewal rate: 5.81% for 89 days & above personal FD, 2.00% for all other tenor & products).
- Interest First FD (will be transferred to classic tenor FD on maturity) & Money Multiplier (will be transferred to transactional account on maturity) is closed product.
- If any client wrongly booked in a product, the client will be transferred to classic tenor/equivalent FD.
In this article we have told you in detail about BRAC Bank DPS rate. We hope this article is benificial for you. If you have any question about this article, then please comment us.
