Classic Term Deposit (TDR) Plan
The Plain Term Deposit Receipt (TDR) is a fixed-term deposit plan that pays profit based on the rate applicable to the selected tenure and scheme terms. With flexible deposit amounts, multiple tenure options, and loan facilities against deposits, it is a structured approach to growing your savings.
Important Product Note
- Profit/interest rates are subject to the prevailing rate chart and must be confirmed at the time of account opening.
- Tax and excise duty may be deducted as per the prevailing Government of Bangladesh rules.
- Premature encashment may result in reduced or no profit depending on the scheme terms.
- This page is for general information only; the official account opening form and agreement govern the final terms.
Key Attributes & Rules
Accessible Deposit
Start your investment journey with a minimum deposit of just Tk. 50,000/-. There is absolutely no limit for the maximum deposit amount.
Flexible Tenures
Align your investment with your financial goals by choosing a convenient deposit period of 3, 6, 12, 18, or 24 months.
Loan Advantage
Avail an instant loan of up to 90% of your deposited principal. The interest rate will be a minimum of 2.5% above the deposit rate.
Account Flexibility
Accounts can be opened singly or jointly. You are also fully eligible to open more than one TDR account in the same branch.
Premature Encashment
Need funds early? While 3-month TDRs yield no interest if broken early, tenures of 6-24 months will receive interest based on the preceding tenure rate.
Security & Nominees
Secure your family's future by nominating one or more persons. In case of unfortunate events, proceeds are smoothly transferred to the nominee(s).
How It Works
Start growing your funds in three easy steps.
1. Choose Amount & Term
Decide on your principal amount (min. Tk. 50,000) and select a tenure spanning from 3 up to 24 months.
2. Set Up Your Account
Open the account singly or jointly, assign your nominee(s), and deposit your funds safely.
3. Earn at Maturity
Profit is credited at maturity as per the agreed rate and tenure. Tax and excise duty are deducted as per prevailing Government rules.
Scheme Terms at a Glance
| Tenure | Minimum Deposit | Profit Rate |
|---|---|---|
| 3 / 6 / 12 / 18 / 24 months | Tk. 50,000/- | As per prevailing rate chart — confirm at branch |
| Loan against deposit | Up to 90% of principal | Loan rate minimum 2.5% above deposit rate |
| Premature encashment (3 months) | No profit if broken before maturity | |
| Premature encashment (6–24 months) | Profit recalculated at the rate of the preceding completed tenure | |
| Tax & excise duty | Deducted as per prevailing Government of Bangladesh rules | |
Rates are indicative and may change without prior notice per Bangladesh Bank guidelines and company policy.
Important Information & Regulatory Disclaimer
- Interest / profit rates: Rates mentioned on this page are indicative only. Prevailing rates are determined by company policy and Bangladesh Bank regulations at the time of account opening. Please confirm the applicable rate from your nearest branch before depositing.
- Tax & excise duty: Applicable income tax at source (TDS) and excise duty will be deducted as per prevailing Government of Bangladesh rules.
- Premature encashment: Early withdrawal or encashment before maturity may result in a revised profit/interest calculation, penalty, or no profit as per the specific scheme terms.
- Loan against deposit: Where available, loan facilities are subject to approval, applicable charges, and a minimum spread above the deposit rate as stated in the scheme terms.
- Regulatory status: Union Finance & Leasing Ltd. is a Bangladesh Bank-regulated non-bank financial institution operating under the Financial Institutions Act, 1993. Deposit products are offered in accordance with applicable regulatory guidelines.
- Binding terms: This page provides general product information only and does not constitute a binding offer. The terms stated in the official account opening form, deposit receipt, and signed agreement with the company shall prevail.
For the latest rate chart, product circular, or scheme-specific conditions, please contact our corporate office or visit your nearest Union Finance branch.
Ready to secure your savings?
Opening a Plain TDR account is simple, fast, and secure. Review our standard requirements and start your financial journey today.
View Account Opening Instructions