SIBL comes with set of incentives for expatriates
Social Islami Bank has come up with a set of incentives to encourage the expatriates to go for savings and make new investment in the bank.
The financial institution has decided to give 1 per cent additional profit along with the existing interest rate if a Mudaraba Savings account is opened with the bank with the remitted money.
Mudaraba Term Deposit accounts will also get 0.5 per cent additional profit, the bank said in a statement.
The Shariah-based Islami bank will also charge 1 per cent less interest if an expatriate takes loan from the bank to purchase house or flat.
Moreover, it will refund 10 per cent of the accrued profit at the year-end if repayment is made through 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 Biman Bangladesh Airlines to return home if Tk 10 lakh is deposited in savings account on an average every month and tickets of round trip if the amount hits Tk 25 lakh.
The bank will provide the service with its countrywide 161 branches, 40 sub-branches and 134 agent banking outlets.
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