SBL Millionaire Plus ( SMP+ ) Programme
1. The depositor will have the option to choose any installment size at the time of opening of the
account and will not be allowed change the size of installment afterwards.
2. In case of premature closing of the account minimum after 1 (one) year completion, the account
holder will get Saving Rate of Interest only. But no interest will be paid before 1 (one) year
completion of continued payment.
3. In case of premature close of the account the account holder will get savings rate
interest but not interest less than 6 (six) months.
4. If any client fails to pay monthly installment on due dates in maximum 4 (four) months he/she will
pay penalty of Tk. 20/- (Twenty) per month to the next subsequent installment.
5. If any client fails to pay 4 (four) consecutive monthly installments the account will be closed
automatically.
Monthly Installment, Tenure and Maturity Value will be as per following Schedule :
| Monthly Installment | Tenure | Amount to be paid after Maturity |
|---|---|---|
| 24,000 | 3 Years | 10,30,000 |
| 13,500 | 5 Years | 10,67,000 |
| 9,000 | 7 Years | 10,90,000 |
| 5,500 | 10 Years | 10,75,000 |
| 3,800 | 13 Years | 10,77,000 |
