DHAKA, April 3, 2023 (BSS) - Padma Bank Limited has introduced a fixed 
deposit scheme for only 125 days for which customers now do not have to wait 
for long to enjoy the benefits of fixed deposits like in banks. 

The Interest rates will be available up to 9.50 percent.

Padma Bank Limited recently launched the two fixed-deposit products. This 
gives customers an opportunity to get their deposit back in a short period of 
time. 

The schemes are Padma Elegant and Padma Professional. Besides, there is Padma 
Mousum deposit for those who are contributing in the agri and agro sector. 
Customers can manage their savings accounts in Taka 50 monthly installments, 
said a press release here today.

Padma Elegant: This scheme was launched recently to encourage women to save. 
This special deposit scheme has been designed keeping in mind the various 
benefits of women. The fixed deposit scheme is for 125 days at an interest 
rate of 8 to 9.50 percent. Any Bangladeshi woman above 18 years of age can 
manage this scheme.

Padma Professional: This fixed deposit scheme is specially designed for 
doctors, engineers, architects, and chartered professionals. The 125-day 
fixed deposit account can be opened at a maximum rate of 9.5 percent for any 
amount starting from Taka 50,000.

Padma Mousum: Padma Bank Limited has taken a great step to honor those who 
keep the wheels of the country's economy moving by producing food. The Padma 
Mousum Schemes has been launched for them. The scheme is for those who work 
in the agriculture, poultry, and fisheries sectors. This account can be 
opened with as little as Taka 50 and as much as Taka 10,000. Interest rates 
will be available up to a maximum 10 percent.

The release said Padma Bank Limited has a total of 18 schemes with various 
tenures and attractive rates, including Padma Elegant, Padma Professional and 
Padma Mousum.