Introducing the IFIC Double Return Deposit Scheme (IFIC DRDS) a high-value term deposit designed to double your investment safely and smartly. With a fixed tenure of 5 years 9 months, IFIC DRDS offers guaranteed growth, flexible deposit options, and access to loan facilities, making it one of the most attractive savings products in Bangladesh.

 

Key Highlights of IFIC DRDS

✔ Guaranteed double return at maturity

✔ Tenure: 5 years 9 months

✔ Minimum deposit: BDT 50,000

✔ Open multiple DRDS accounts

✔ Loan facility up to 90% of deposit value

✔ Available for individual Bangladeshi citizens

✔ System-generated certificate provided as proof of deposit

✔ Safe, secure, and regulated under national banking guidelines

 

Product Features & Eligibility

 

Who Can Open IFIC DRDS?

• Any individual Bangladeshi citizen
• Minimum age: 18 years
• Minors and institutions/companies not eligible

 

Account Details

• Type: Term Deposit
• Currency: BDT
• Tenor: 05 years 09 months
• Minimum Deposit: BDT 50,000 or multiples of it

 

Maturity Value

Your principal amount becomes double at maturity.
Applicable source tax and excise duty will be deducted as per NBR rules.

 

Encashment Policy

 

On Maturity

Full maturity value (double return) will be credited automatically.

 

Premature Encashment

• Before 1 year → No interest
• After 1 year → Savings interest rate applicable

 

Loan Facility

Need funds urgently without breaking your deposit?

• Avail up to 90% of IFIC DRDS encashment value as Secured Overdraft (SO)
• Other loan facilities are also accessible as per relevant loan product guidelinesNomination Nomination is optional.
• Use their existing account nominee, or
• Assign a new nominee with required documents (NID/passport, photos, forms)
• For minor nominees, guardian details are mandatory

 

Required Documents

 

For Existing IFIC Customers

• Term Deposit Opening Form

 

For New Customers

• Individual Account Opening Form
• Term Deposit Opening Form

 

For New Nominees

• Nominee Information Form
• Valid ID (NID/Passport/Smart Card/Birth Certificate/Driving License)
• 1 copy photograph
• Additional documents for minor nominees

 

 

Why Choose IFIC DRDS?

The IFIC Double Return Deposit Scheme is ideal for individuals seeking secure, risk-free, and high-return savings. With guaranteed maturity benefits, easy account opening, flexible deposits, and access to loan facilities, DRDS helps you build your financial future with confidence.

 

 

Start Your IFIC DRDS Today

Visit your nearest IFIC Bank branch or uposhakha or call 16266.

 

 

IFIC DRDS — Double the Value. Double the Confidence.