Business Desk :
To emphasize the importance of remittance and the contribution of Bangladeshi expatriates, Socials Islami Bank Limited (SIBL) offers a bundle of incentives. The bank has also taken a number of initiatives to encourage them in savings and investment, said a press release.
All Mudaraba Savings accounts to be opened with the remitted money will get 1 per cent additional profit along with the existing rate. Similarly, Mudaraba Term Deposit accounts will get 0.50 per cent additional profit. SIBL applies 1 per cent less profit than the existing rate in purchase of home or flat by expatriates, and 10 per cent of accrued profit is refundable at the year-end if repayment is made of remittance.
Any expatriates wishing to invest can avail 70 per cent of the investment facility from SIBL in 1 per cent less profit than the existing rate showing 30 per cent savings from remittance.
Besides, the expatriates will be rewarded with an air ticket of Bangladesh Biman Airlines to return home if Tk.10.00 lac is deposited in savings account on an average in every month, and tickets of round trip if Tk.25.00 lac is deposited in savings account on an average in every month.
To emphasize the importance of remittance and the contribution of Bangladeshi expatriates, Socials Islami Bank Limited (SIBL) offers a bundle of incentives. The bank has also taken a number of initiatives to encourage them in savings and investment, said a press release.
All Mudaraba Savings accounts to be opened with the remitted money will get 1 per cent additional profit along with the existing rate. Similarly, Mudaraba Term Deposit accounts will get 0.50 per cent additional profit. SIBL applies 1 per cent less profit than the existing rate in purchase of home or flat by expatriates, and 10 per cent of accrued profit is refundable at the year-end if repayment is made of remittance.
Any expatriates wishing to invest can avail 70 per cent of the investment facility from SIBL in 1 per cent less profit than the existing rate showing 30 per cent savings from remittance.
Besides, the expatriates will be rewarded with an air ticket of Bangladesh Biman Airlines to return home if Tk.10.00 lac is deposited in savings account on an average in every month, and tickets of round trip if Tk.25.00 lac is deposited in savings account on an average in every month.
Banks offer 2 per cent incentive on any amount of remittance. SIBL provides this service with its countrywide 161 branches, 40 sub-branches and 134 agent banking outlets.
