Monthly Income Scheme

Sometime called ‘Monthly Benefit Scheme’ or ‘Monthly Profit Scheme’ where scheme holder deposit some fixed amount of money for a certain period of time like 1, 3 or 5 years & every month he/she will get a fixed amount of interest against the amount fixed. After maturity, only the principal amount will be received, not interest.

List of some banks which have Monthly Income Scheme

Required Documents

• Recent Photograph of applicant
• Proof of identification such as national ID/voter’s ID/passport/driving license/Commissioner or Union Porishod certificate
• Nominee form and photograph of nominee (nominee’s signature attested by the account holder). In case of minor nominee, copy of the birth certificate will be required
• Completed Account opening form
• Other documents (if bank required)