BRAC Bank has introduced a new Fixed Deposit (FD) product for the senior citizens - Golden Fixed Deposit.
The product is designed exclusively to serve the valued clients who are aged 60 years and above, said a press release.
BRAC Bank Golden Fixed Deposit requires a minimum of one lac taka to open an FD. It comes with attractive interest rates depending on deposits between taka one lac to three crores and above, with a tenure of 30 days to 3 years, the press release added.
The bank launched the Golden Fixed Deposit on 22 October, 2020, on the occasion of International Day for Older Persons (IDOP)
"We are offering greater interest rates through BRAC Bank Golden Fixed Deposit, even in the declining interest-rate regime as our tribute to our senior citizens. We believe that the Golden Fixed Deposit will help them to create a good pension fund on their long-term deposit and enhance their benefits," said Mahiul Islam, Head of Retail Banking at BRAC Bank.
BRAC Bank also offers an array of saving scheme for senior citizens. More information can be found on this link: https://www.bracbank.com/en/retail/#deposit-products