Term deposit receipt(TDR)
Chapter-05:TDR Practices Of LBFL
5. TDR PRACTICES OF LBFL
5.1 Extent & Restrictions:
It is applied to all the branches of LankaBangla Finance Limited in Bangladesh. Extension of TDR facilities are subject to deposit policy of the non-banking organization. As non-banking organization respect and maintain some rules, regulations and policies of Bangladesh Bank in a word government given all policies. 5.2 Treasury Department & its Function:
The TDR department is assisted by the Finance Department, which is mainly concerned with the post-approval functions of Finance Division. The aspects that are critically tracked and monitored by Finance Division are
TDR expiry
Past Record or previous client
Document deficiency
Deposit date
Interest rate
Special requirements by client if any
Deduct exise duty
Deduct income tax
Treasury Division is involved in basically two broad functions:
Deposit Monitoring:
The important aspects of this part are:
The sources of fund
The occupation of the client
Deposit amount
Time period of the deposit
Interest rate of the deposit
Creates opportunity to maximize your returns.
5.3 Processing of TDR Proposals:
TDR account can be opened by Cheque/ Pay Order/Draft.
Safe & Secured
High Return
Flexible/Diversified Deposit Scheme tailored to your needs
Minimum deposit amount of Tk. 100,000
Minimum duration---Six Months for individual & institution as directed by Bangladesh Bank
Interest payment periodically (Monthly/Quarterly/Half-Yearly/Annually) as per client choice
No incidental costs
Premature encashment allowed after completion of minimum duration
Depositor can nominate nominee(s) to withdraw the deposited amount in absence of depositor
Any Individual/Firm/Corporate Houses are eligible to participate in the Deposit Scheme of LankaBangla
The following papers/documents are to be submitted by the Branch-in-charge along with the deposit proposals:
Application form and KYC
5. TDR PRACTICES OF LBFL
5.1 Extent & Restrictions:
It is applied to all the branches of LankaBangla Finance Limited in Bangladesh. Extension of TDR facilities are subject to deposit policy of the non-banking organization. As non-banking organization respect and maintain some rules, regulations and policies of Bangladesh Bank in a word government given all policies. 5.2 Treasury Department & its Function:
The TDR department is assisted by the Finance Department, which is mainly concerned with the post-approval functions of Finance Division. The aspects that are critically tracked and monitored by Finance Division are
TDR expiry
Past Record or previous client
Document deficiency
Deposit date
Interest rate
Special requirements by client if any
Deduct exise duty
Deduct income tax
Treasury Division is involved in basically two broad functions:
Deposit Monitoring:
The important aspects of this part are:
The sources of fund
The occupation of the client
Deposit amount
Time period of the deposit
Interest rate of the deposit
Creates opportunity to maximize your returns.
5.3 Processing of TDR Proposals:
TDR account can be opened by Cheque/ Pay Order/Draft.
Safe & Secured
High Return
Flexible/Diversified Deposit Scheme tailored to your needs
Minimum deposit amount of Tk. 100,000
Minimum duration---Six Months for individual & institution as directed by Bangladesh Bank
Interest payment periodically (Monthly/Quarterly/Half-Yearly/Annually) as per client choice
No incidental costs
Premature encashment allowed after completion of minimum duration
Depositor can nominate nominee(s) to withdraw the deposited amount in absence of depositor
Any Individual/Firm/Corporate Houses are eligible to participate in the Deposit Scheme of LankaBangla
The following papers/documents are to be submitted by the Branch-in-charge along with the deposit proposals:
Application form and KYC