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IPDC SAVING SCHEMES

“Do not save what is left after spending, rather spend what is left after saving.” – Warren Buffet
Being in control of your finances is a great stress reliever. Start saving a little today, and tomorrow you would find it to be larger than you would have expected! IPDC Finance PLC. has the most flexible saving schemes available to suit your needs.

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CHOOSE A SCHEME WHICH BEST FITS YOUR NEEDS

Icche DPS
Deposit Premium Scheme
Millionaire Deposit Scheme
Ultiflex Deposit Scheme

  • * 2 years 9 months term is applicable for 200,000/- initial deposit with 20,510/- monthly installment
  • ** Up to 25% instant overdraft facility of the deposited amount once within the tenure
  • * IPDC Finance PLC. reserves the right to change the Rate of Interest for Savings Schemes time to time without prior intimation
  • * Payable Interest amount is subject to Tax Deduction at Source (TDS) and Excise Duty as per Government rules and regulations.

FAQ

1. What is Ichchhe DPS?

It is a fixed-term deposit scheme where young individuals can deposit money in monthly installments and receive the principal along with attractive profit rates at maturity.

2. Who can open Ichchhe DPS?

Young individuals aged between 18–35 years.

3. What is the minimum deposit amount?

Only BDT 1,000 per month.

4. What is the tenure of the DPS?

1, 3, or 5 years.

5. What documents are required to open a DPS?

* Duly filled application form • NID / Passport • Applicant’s photograph

* Nominee’s photograph and NID/Passport •  Utility bill copy • First installment through Cheque/EFT

6. Can a customer open multiple DPS accounts?

Yes, customers can open multiple DPS accounts.

7. Can parents open a DPS on behalf of their child?

No. However, parents can be nominees and assist in fund transfers.

8. Will the DPS be automatically renewed at maturity?

Auto-renewal will be available upon customer’s request.

9. Is there any charge for opening a DPS?

No, there is no separate opening charge.

10. What happens if I want to encash the DPS before maturity?

No penalty will be imposed. Profit will be provided at the rate applicable for the last completed year. For additional months (if more than 3 months), profit will be given at 2% less than the rate of the last completed year.

11. What happens if I fail to pay monthly installments for a few months?

The DPS will be marked as “Irregular.” However, once the due installments are paid, the account will be reactivated.

12. Can the nominee be changed during the DPS tenure?

Yes. The nominee can be changed by submitting a written application along with necessary documents.

13. Can the DPS be closed at any time?

Yes, but the customer must apply in writing. The encashment will follow the rules of premature DPS closure.

14. Is the DPS completely safe?

Yes, it is operated by IPDC Finance PLC and is fully secured under Bangladesh Bank’s regulations.

15. Why choose Ichchhe DPS?

• Additional profit rate for female • Flexible installment payment options • No penalty for premature encashment • Builds saving habits for future financial planning

Deposit Premium Scheme

Receive a fixed amount at maturity by depositing monthly installments till maturity.

  • Minimum Deposit Installment : Tk. 1,000.00
  • Minimum Tenure : As per current Offer (36 Months)
  • Mode of Interest Payment : At Maturity
  • Renewal Option : Not allowed

Millionaire Deposit Scheme

Be a millionaire by using small initial investments and monthly installments to your convenience spread over a specific period.

  • Minimum Initial Deposit : As per current Offer (BDT 50,000)
  • Minimum Tenure : As per current Offer (36 Months)
  • Mode of Interest Payment : At Maturity
  • Renewal Option : Not allowed

Ultiflex Deposit Scheme

Deposit any amount at any time over a specific period.

  • Minimum initial deposit : Tk. 5,000.00
  • Minimum Tenure : 12 Months
  • Mode of Interest Payment : At Maturity
  • Early Withdrawal facility : Not allowed

Documents Required


  • Forms : Account Opening Form & CAF (Duly Filled and signed)
  • Identity Document  :

For Account Holder(s) (Individual Account) or Signatories (Institutional account)

Copy of NID (preferable) or Passport (preferable) or Driving License
Recent PP size color Photographs

For Nominee(s) (Individual Account)

Copy of NID (preferable) or Passport (preferable) or Driving License
Recent PP size color Photographs

  • Business and Income Documents :

For Individual Account

Copy of Business Card, Bank Statement, Trade License, MOA, Partnership Deed, Rental Agreement, Property Sales Deed to define Account Holder(s) source of fund (as & when required)

For Institutional Account

Business Documents (Trade License, MOA or Trust Deed or Partnership Deed, Constitutions or By Laws, Certificate of Incorporation, Form X, Xll, Trustee List etc.)
Certification for establishment (special type of organization like Hospitals, Educational Institutions, NGOs, MFIs, Cooperative Society, Insurance Companies etc.) from appropriate authority Board Resolution/Extract from the Board Resolution & Forwarding Letter.

  • Tax Related Documents : Account Holder(s) or Institution(s) E- TIN
  • Address Validation   : Recent Utility bill copy of Account Holder(s) residence (Individual Account)
  • Placement of fund   : Cheque/ Pay Order in favour of “IPDC Finance Limited”

 

IPDC Saving Schemes Application Form (Individual)
IPDC Saving Schemes Application Form (Institutional)