Mercantile Bank Ltd. is a third-generation bank that started its journey on 2nd June 1999. With the corporate slogan " Banglar Bank" it's literally working for the whole of Bangladesh rather than focusing on a specific group. Presently it has 148 branches actively working toward providing customer-oriented services. The bank is offering different types of deposit products.
Savings
Deposit Rate
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Fixed
Deposit Rate
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Special
Notice Deposit (SND) Account Rates
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Masik
Munafa Amanat Prokolpo (MMAP) Rates
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Masik
Shanchaya Prokolpo (MSP) Rates
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Digun
Briddhi Amanat Prokolpo (DBAP) Rates
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Troi
Masik Munafa Amanat Prokolpo Rates
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Super
Munafa Amanat Prokolpo (SMAP) Rates
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Non
Chequeable Savings Bank Account (NSB A/C) Rates
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Aporajita
Masik Munafa Prokolpo Rates
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MBL
Bonus Sanchay Hishab Rates
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Savings
Bank Account for MSS Rates
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Poribar
Surokkha Amanat Prokolpo (PSAP) Rates
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*
Fixed Rate
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** Subject to receiving of refinance from
Bangladesh Bank. Loan under refinance scheme of Bangladesh Bank shall be
guided
by Bangladesh Bank Circulars/Instructions.
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***
Margin Fixed but rate of the interest to be fixed based on interest of
financial instruments i.e FDR/Scheme deposit.
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->
For agro-processing industry under SME, rates & rules mentioned in
relevant Bangladesh Bank (BB) circular will be
applicable
whether loans are refinanced by BB or not.
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Note:
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1. 1. The revised rate will
also be applicable for any lending under Syndication/Club but it will be
determined based
on common
decision of the lenders and borrower meeting. However, it will not be
applicable for any loan at special
rate
approved by the Board of Directors of the Bank.
2. The revised rate(s) on lending will be effective from April 01, 2020 and shall remain in force until further instructions. 3. The revised rates shall be notified to the customers in written and installment size against Term Loan to be re-fixed
as well
as Cheque (s) against installment(s) to be replaced (lf applicable).
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