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Peace of Mind Savings Plan
Today's proper planning holds the key to a better tomorrow. Rewrite your future with My future savings plans.
Emergencies can occur at any time. How you are able to handle emergencies may depend on how much you have saved. With a Peace of Mind Savings Plan from HSBC, you can enable yourself to manage those unforeseen events.
Benefits
- Attractive interest rates
- No sign-up fee
- No penalty for missed instalment
- Can be purchased in multiple units
- Initial deposit of BDT10,000 or BDT50,000 with monthly deposits of BDT5,000 (1 unit) or BDT10,000 (1 unit) respectively
- Tenure of 3 years
- Personal accidental insurance coverage of upto BDT100,000 for initial deposit of BDT10,000 and upto BDT150,000 for initial deposit of BDT50,000 (premium will be borne by the Bank)
- Overdraft facility of upto 90% of deposit amount with a minimum loan amount of BDT90,000
Rewards
- Bonuses will be paid at end of the tenure if all instalments are deposited on time
- BDT600 bonus for every initial deposit of BDT10,000
- BDT3,000 bonus for every initial deposit of BDT50,000
Eligibility
- Any Bangladeshi between 18-60 years of age is eligible to apply for a Peace of Mind Savings Plan
Terms and Conditions
- Bank reserves the right to close the plan if the customer misses 3 consecutive instalments.
- If the plan is closed within one year, customers will get the deposited amount only and no interest will be paid for the plan.
- If the plan is closed after one year, customers will get the deposited amount along with the interest at the prevailing savings rate during the time of closure.
- Discontinuation fee will be charged if the plan is closed before end of the tenure.
*All of the above conditions are subject to change
*Other Conditions Apply
*Last updated in March, 2009
Need to know more
- Call now on 01199 FUTURE (388873), 01199 88HSBC(4722)
- Contact Us
