Q. Can I deposit cash?

No, you cannot. Deposit account in IDLC can only be opened by cheques, pay orders or bank drafts.

Q. How change in profit rate can affect my deposit?

The change in profit rate will not affect your existing deposit account. You will enjoy the rate agreed on deposit opening. The changed rate will effect the new deposit accounts opened after the change.

Q. Can I renew my existing deposit account?

Yes, you can renew your existing deposit account. You can change your deposit scheme as well. The change will be effective with the current profit rate of that scheme.

Q. Can I transfer my deposit schemes?

Deposit Accounts are not transferable.

Q. Can I deposit in foreign currency?

IDLC deposit can only be opened in BDT.

Q. Can I open more than one account?

You can open as many accounts as you want.

Q. What are the service charges and fees applicable?

IDLC Finance Limited does not charge any service fees for deposit related services.

Q. Can I open a deposit account for less than 12 months?

IDLC does not open deposit accounts from individuals for less than 12 months. However, Institutions/Corporates can open deposit accounts for 6 months or 9 months.

Q. How do I collect the monthly/quarterly interest?

You will be given advance dated cheques for the monthly or quarterly interest, which you can easily place at your bank at your convenience.

Q. What is the maturity value of a Double Money Deposit Account (or Triple Money Deposit Account)?

Your principal amount will double (or triple under Triple Money Deposit Scheme) at maturity. However, the applicable AIT will be deducted from the maturity value.

Q. How much will I get at maturity?

You will get exactly BDT 1 million at maturity. IDLC Millionaire Scheme is designed to yield more than BDT 1 million, so that the net value stands at BDT 1 million after deduction of AIT. Therefore, with IDLC Millionaire Scheme, you are sure to be a millionaire.