Zarai Taraqiati Bank Ltd (ZTBL) has launched its two deposit mobilisation schemes namely 'Zarai Bachat Account" and "Zarai Term deposit Certificates" to facilitate its clientele besides providing free of cost ancillary financial services and to broaden the bank's deposit base to strengthen its operational and financial viability.
The bank has offered these deposit schemes to individuals, sole proprietors, partnership firms and limited companies. The schemes provide that ZTBL depositors maintaining a minimum balance/investment of Rs 200, 000 for a period of at least six months shall be eligible to get agriculture loan from ZTBL without any loan appraisal fee, provided otherwise eligible.
Official sources told that for "Zarai Bachat Account", the minimum initial deposit of Rs 20,000 and same as minimum daily balance will be required to be eligible for a profit up to 4% per annum. The profit will be paid quarterly on daily product basis.
The facility under ZBA provides free banking services for the entire quarter, two free pay orders/DDs per month up to the amount of average daily balance of the month, free cheque books for its depositors, if a depositor maintains a monthly average balance of Rs 200, 000 or above.
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