• IPDC UltiFlex Deposit Scheme (IUDS) (NEW)
• Millionaire Deposit Scheme (MDS)
• Double Money Deposit Scheme (DMDS)
• Deposit Premium Scheme (DPS)

Unique features :

• IPDC UltiFlex is a new and first of its kind deposit scheme in Bangladesh. It offers ultimate flexibility in installment size and frequency for the depositor. Under the scheme one can deposit :

• Any amount
• In any frequency
• At any time.
• So no more penal charges for delayed payment of installment since there is no stipulated time period!
• One can use the scheme as a gift item to present it to his/her dear ones.
• Loan facility available.

Product specifications :

• Who can open the scheme?
• Personal account holders
• Resident/non-resident Bangladeshis
• Sole Proprietorships
• Registered/unregistered Partnerships
• Public/Private limited companies
• Associations, Clubs, Societies, Charitable institutions
• Nationalized organizations
• Non-government organizations

• Customer Eligibility :
  
• Any Bangladeshi Citizen of 18 years or more will be eligible to avail this product.
• A minor may also open the account (operated by the legal guardian).
• Any institution registered in Bangladesh is eligible to avail the product.

• Tenure and Interest rates :

             * Rates are subject to change as per IPDC decisions. Please call IPDC office for latest interest rate.

• Methods of interest calculation  :  Interest will be calculated on a daily basis and credited on maturity.
• Fees for Gift card                            :  BDT 300 for issuance of the card.
• Minimum initial deposit amount  :  BDT 5,000.
• Minimum installment size            :  BDT 1,000.
• Restrictions on deposit amount :
• In a year one cannot deposit more than double the amount deposited in the preceding year.
• One cannot deposit any amount during the last three months of the tenure in case the tenure of the scheme is 1½ year or 2 years.
• One cannot deposit any amount during the last six months of the tenure in case the tenure of the scheme is more than 2 years.
• No block period for 6 month and 1 year tenure fund.
• Account Operating Mode : Singly or Jointly. 
• Instant Loan facility : Loan Facility up to 80% of the deposited amount will be given to the Depositor at a spread decided by IPDC. However, to be eligible for the Loan facility, the account must be at least 1 year old or the total minimum deposit amount should be BDT 100,000.
• Nomination Facility : The Depositor(s) must nominate one or more individuals as nominee(s).

• Early Encashment : Early encashment will not be allowed before completion of six months except upon death of the depositor or instruction from the legal authority and subject to Bangladesh Bank clearance. In case of early encashment after six months and forced encashment, a penal charge decided by IPDC based on time to maturity will be deducted from the coded interest rate as early encashment fee.

• Emergency withdrawal : After completion of 1 year, any one having more than BDT 100,000 total deposit, can withdraw up to 25% of the deposited amount for emergency purpose without any penal charge for only once in a lifetime. 

• Payment Mode : The customer can pay through Account Payee Cheque/ Pay Order in favor of “IPDC of Bangladesh Limited”. Cheques can be deposited at IPDC offices or in any of IPDC’s sales and service outlets or in IPDC designated accounts with other banks. Customers have the option to pay any number of installments through undated MICR cheques in advance. If a cheque deposited by the client for payment of installment is dishonored from the bank, a Cheque Return Charge of BDT 500 will be levied to the client realizable with the next installment. 

• Gift Card option : Another unique feature of UltiFlex is the option to use this Scheme as a gift item. Customers can present this Card to their dear ones on special occasions for onward opening of an IPDC UltiFlex Deposit Scheme (IUDS). To avail the Gift Card one has to fill up the Card Application Form and deposit the initial amount through Account Payee Cheque or Pay Order.
  

• Gift Card Pack : The Card will be packed in an attractive envelop which will contain the followings:
• Personalized Gift Card
• Introduction Letter from IPDC
• Application Form for the Gift Card holder
• KYC Form
• Gift Card Conditions :
• The Gift Card will be issued in INACTIVE mode.
• A period of 60 days from the date of issuance of the Gift Card will be allowed for the Card Holder to come to IPDC and to initiate the Scheme by activating the Card.
• In case the Card Holder fails to show up within the said period, IPDC will assign the Scheme against the initial applicant without any further notice.
• Documentation required :                                                                                                                                      

For further information please contact.

Head Office :
Tel : (+88 02) 988 5533-38
Ext : 106, 109, 138, 146, 306
Cell : (+88) 01714 08 55 22
Fax : (+88 02) 988 5532
Email: sales.info@ipdcbd.com

Branch :
Tel : (+88 02) 912 2900, 912 3011
Ext : 103, 105, 106, 107, 110
Fax : (+88 02) 913 1886