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Terms & Conditions

TERMS & CONDITIONS OF DBH DEPOSITS

Mode of acceptance:

Deposit shall be made by 'Account Payee’ cheque drawn in favor of "Delta Brac Housing Finance Corporation Ltd. with duly filled application form. Deposit cheque should be made from the depositor’s bank account and repayment cheque will also be made on that account.

Mode of Repayment:

The depositor(s) have to return the deposit certificate duly discharged to DBH office to get the repayment cheque. If the deposit matures on a holiday, payment will be made on the next working day.

Period:

Deposits will be accepted from one year onwards as per the schemes. Deposit cannot be en-cashed within one year as per rules of the Bangladesh Bank. However, we accept corporate deposits for tenure of Six (6) months.

Required Documents:

The following documents are required to be submitted with your application form:

  • Completed Deposit Application Form.

  • Passport size photograph of all the depositors

  • A photocopy of valid identification like passport, National ID card, or driving license of all the depositors.

  • Passport size photograph of the nominees (must be attested by the depositors)

  • Passport size photograph and photocopy of valid identification of guardian if depositor is minor

Deposits of minors:

Deposits can be made in the name of minors through their guardians. The guardian has to submit his/her photograph along with the photocopy of identification card like National ID, passport or driving license. The guardian can also avail loan against deposits. 

Transfer:

Deposits with DBH are not transferable.

Premature Withdrawal:

Premature encashment may be allowed only after the completion of 12 months subject to management approval. In such cases, return will be calculated at 2% lower than the rate, which was applicable for the period completed.

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Head Office: Landmark Building (9th floor), 12-14 Gulshan North C/A, Gulshan-2, Dhaka-1212, Phone: +88-02-8822374, +88-02-9882112, 01711-816671-2, Fax-+88-02-9882110, E-Mail: dbh@deltabrac.com

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