DPS Of All BD Bank
The monthly installments have built in life insurance coverage which assures the maturity value of the deposit in case of depositor’s death due to any cause (excluding pre-existing illness/disability, AIDS, suicide, murder or assault, war or warlike operation etc.).
If the depositor dies anytime during the DPS period – even after depositing a single installment – EBL shall pay back the full maturity value subject to fulfillment of Insurance requirements.
World’s leading Insurance Company Metlife ALICO is providing the life insurance coverage in EBL Secure DPS.
The depositor shall be bound by the terms and conditions stated in the master group insurance policy and EBL shall not be liable for any claim declined by Metlife ALICO, Bangladesh.
EBL Secure can be opened for a period of Five years only.
Any Bangladeshi Citizen aged 18 years to 55 years can open this account
EBL Secure can be opened at any multiple of Tk. 500 to Tk. 13,000 per month
One customer can open more than one “EBL Secure DPS”, however total monthly installment amount must not be above 13,000 for a single customer
Automatic realization of monthly installments
EBL Secure DPS will be closed if three installments are unpaid.
Maximum 90% Loan facility
In case of Early encashment, Interest forfeiture will be as below:
– Closed Before One Year – No Interest will be provided
– Closed After one Year but before three Year- Interest at prevailing Savings Rate
– Closed After 3 Year-Interest at EBL Secure DPS Rate
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