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Services
ATM SERVICES --
Locker Services-- Yearly Charge Security Deposit Service Available at
Small Tk.   750/= Tk.2,500/=(Refundable) for all types of lockers. Gulshan Branch
Medium Tk. 1,250/= Dhanmondi Branch
Large Tk. 2,000/= Uttara Branch
 

Product

Deposit Schemes Deposit Rate (D.R.) (Effective from November 01, 2003)
Savings (SB) 7.00%
Special Notice Deposit (STD) Banks & NBFIs - 4.50%

Customers - 6.00%
Fixed Deposit
3 (Three) Months 7.50%-8.50%
6 (Six) Months 7.75%-8.75%
1 (One) Year 8.50%-9.50%
2 (Two) Years 8.75%-9.75%
3 (Three) Years 8.75%-9.75%

Besides Fixed Deposits, Savings Bank Deposits and Current Account Deposits, the Bank has introduced the following customer friendly deposit schemes:

Customer Friendly Deposit Schemes Monthly Instalment Size (Tk.) Amount built up after 5 years (Tk.) Amount build up after 10 years (Tk.)
Pension Savings Scheme (P.S.S.) 500.00 40,000.00 1,08,000.00
1,000.00 80,000.00 2,16,000.00
Education Savings Scheme (E.S.S.) 500.00 40,000.00 1,08,000.00
1,000.00 80,000.00 2,16,000.00
Marriage Savings Scheme (M.S.S.) 500.00 40,000.00 1,08,000.00
1,000.00 80,000.00 2,16,000.00

Savers Benefit Deposit Scheme (SBDS)

Deposited Amount : 50,000.00 Term Size of deposited amount with interest after completion of the term (Tk.)
1st Year 54,000.00
2nd Year 59,000.00
3rd Year 65,000.00
4th Year 72,000.00
5th Year 79,500.00
6th Year 89,000.00
7th Year 99,000.00
8th Year 1,10,000.00

Loan Schemes Lending Categories Lending Rates (L.R.)
Agricultural Scheme Loan to primary producers 7.00%-9.00%
Loan to agricultural input traders and fertilizer dealers/distributors 8.00%-10.00%
Commercial Lending Jute Trading 12.00%-13.00%
Others Commercial Lending 13.00%-13.00%
Working Capital Jute 11.50%-12.50%
Other than Jute 12.00%-13.00%
House Building Loan Real Estate Developers 13.00%-13.00%
Individual/Housing Finance Co. 12.00%-13.00%
Special Programmers P.C. Loan Scheme for Educational and Other Training Institutions 13.00%-14.00%
Other Loans Finance to NBFIs 12.00%-13.00%
Consumer Credit Scheme 13.00%-13.00%
Others 12.00%-13.00%
Small/Cottage Industry Term Loan 11.50%-12.50%
Large/Medium Scale Industry Term Loan 12.00%-13.00%
Loan against Export Jute Goods Exports 7.00%-7.00%
Other Exports 7.00%-7.00%

         Equity & Entrepreneurship Fund (EEF)

Equity & Entrepreneurship Fund (EEF) is an Equity Investment Fund financed by GoB and administered / managed by Bangladesh Bank (EEF Unit)

Are you interested to set up a Software Industry or Food processing and Agro based Industry ?

Is your project is risky but promising ?

Are you worried about your capital investment ?

Then,

EEF may be your best partner to help in implementation of the project.

The EEF has been introduced under the guidance of Bangladesh Bank for encouraging the entrepreneur for the development of risky but otherwise promising industry mainly in two sectors viz., software industry or food processing and agro based industry of the country.

On which industrial sectors you can get equal equity finance ?

A. Software Industry

B. Food Processing and Agro-based Industry

A probable list of Food Processing and Agro-based Industrial Sub-Sectors are given below:

  1. Fish hatchery
  2. Poultry feed industry
  3. Dairy (Cow/Goat/Sheep) feed industry
  4. Cultivation and marketing of mushroom
  5. Production and marketing of potato flakes and popcorn baby food
  6. Production and marketing of juice, jam, jelly, tomato ketchup and souse
  7. Canning, packaging, preserving and marketing of dehydrated fruit
  8. Commercially viable food industry for normal water fish and shrimp
  9. Packing / canning of project for govt. approved agricultural products
  10. Cultivation and marketing of Spirulina
  11. Production and marketing of fertilizer (Bio-fertilizer, mixed, urea etc.)
  12. Pesticide manufacturing project
  13. Bio pesticides, Neem based pesticide etc.
  14. Farming and marketing of Orchid etc.

However this is not an exclusive list. If your project do not fall under the above categories but seems to be otherwise attractive you are always welcome to Bangladesh Bank, EEF unit.

What is the Interest Rate ?

This is a interest free facility. But the profit / loss will be shared on prorata basis as per the share of equity of EEF and entrepreneurs fund.

What will be the project's minimum cost ?

The minimum project cost along with net working capital should be for Tk. 1.00 crore for Software Industry and Tk. 1.50 crore for Agriculture and Food processing Industry.

How much your company can get EEF Equity Fund ?

  • Those who borrowed from the Banks: The equity finance will be fixed / distributed as 33.33% of total expenditure or 49.00% of total equity whichever is lower to be considered as upper limit.
  • Those who were not borrowed from the Banks: The equity finance will be maximum 49.00% of total expenditure.
THE LOAN DEFAULTERS ARE EXCLUDED FROM THE EEF EQUITY FINANCE

What will be your duties ?

  1. You can apply to your respective Bank or IPDC (If you did not borrow from any Bank,Bangladesh Bank can help you in selection of lender Banks)
  2. After the project is approved by Bangladesh Bank you should deposit 15% of proposed equity to your respective Bank or IPDC
  3. Then execute an "Investment Agreement" between your lender Bank / IPDC
  4. Afterwards you have to issue company share favoring Government of the Peoples Republic of Bangladesh before disbursement of equity fund by the Bank / IPDC
  5. You may the 100% owner of the company within next 6-years through buy back the share in exchange of face value or break-up value whichever is higher. Otherwise Bangladesh Bank (EEF unit) will sell the unsold share to the people / company either at face value or break-up value or at the price fixed by Bangladesh Bank (EEF unit) whichever is higher.

What are the obligations of Bank /IPDC ?

  1. The Bank / IPDC will evaluate the project feasibility and if it is found acceptable, they will forward the project feasibility report / technical report, copy of sanction letter and other necessary papers including request letter for EEF to Bangladesh Bank, EEF unit for extending for equity finance.
  2. The Bank / IPDC will take the issued shares in their safe custody after receiving approval from Bangladesh Bank, EEF unit.
  3. In the Board / Shareholders Meeting of the company the Bank / IPDC will represent Bangladesh Bank, EEF unit.
  4. The Bank / IPDC will monitor the company's business and project implementation status and they will report to Bangladesh Bank, EEF unit on quarterly basis. 

Address of Bangladesh Bank, EEF Unit

Equity & Entrepreneurship Fund Unit

2nd Annexed Building 25th Floor

Bangladesh Bank,

Head Office

Dhaka - 1000

 

Phone: PABX     7126280-95, 7126101-20

Extension 3140, 3125
 

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Copyright © 2001-2002 Southeast Bank Limited, Bangladesh

Last modified: April 04, 2004