U.S.Dollar Investment Bond
Introduced:2002a. Rate of Profit:
b. Payment of Interest: Interest is payable in US Dollar.
c. Half yearly payment of profit: Every after six months profit is payable @ 6.5%, If invested amount is withdrawn before maturity profit is payable @ 5.5% for the 1st year and @ 6% for the 2nd year. If any additional profit is given shall be deducted from the Principal amount.
d. Payment of Principal Amount: Payable in US dollar.
e. Maturity Period: Three years.
f. Denomination: US $500:1,000:5,000,10,000 and 50,000.
g. Mode of payment: Payment for the purchase of a Bond may be made by any of the following methods namely
h. Death Risk Benefit: Investors of US Dollar 10,000 and above are entitled to have Death Risk Benefit which is payable only in Bangladesh currency in the following rate.
Provided that the maximum amount of Death Risk Benefit shall not exceed Tk.20,00,000 and that the age of the purchaser, shall not be over 55 years at the time of his death. After the death of holder, the nominee/legal heir(s) shall claim the death risk benefit within three months from the death of holder. No claim shall be exceptable after the expiry of the said period (three months).
i. Investors of one Million US Dollar and above shall be treated as CIP.
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