Secure Your Savings with IPDC Deposit Schemes

10% income tax (15% if the customer does not have e-tin) and a slab-wise fixed amount of excise duty will be applicable. Other than that IPDC does not have any hidden charges.

As per Bangladesh Bank’s regulation, deposits cannot be encashed within 3 months of the account opening. Encashment before the end of the maturity term will result in a penalty.

IPDC offers maximum flexibility and customization through our multiple profit schemes such as Annual Profit Scheme, Monthly Profit Scheme, Quarterly Profit Scheme, or Cumulative Profit Scheme. Additionally, customers can also opt for long-term profit schemes such as Millionaire Deposit Schemes and Double Money Deposit Scheme.

Minimum term for FDR is 3 months.

IPDC offers multiple options for depositing based on your convenience. You can either provide Post Dated Cheques (PDCs) of your FDR or DPS amount. You may also electronically transfer the deposit amount through Direct Debit Instruction or BEFTN at IPDC’s account.

1. What is IccheDPS?

   • It is a fixed-term deposit scheme where young individuals can deposit money in monthly installments and receive the principal along with attractive profit rates at maturity.

2. Who can open IccheDPS?

   • Young individuals aged between 18–35 years.

3. What is the minimum deposit amount?

   • Only BDT 1,000 per month.

4. What is the tenure of the DPS?

   • 1, 3, or 5 years.

5. What documents are required to open a DPS?

   • Duly filled application form
   • NID / Passport
   • Applicant’s photograph
   • Nominee’s photograph and NID/Passport
   • Utility bill copy
   • First installment through Cheque/EFT

6. Can a customer open multiple DPS accounts?

   • Yes, customers can open multiple DPS accounts.

7. Can parents open a DPS on behalf of their child?

   • No. However, parents can be nominees and assist in fund transfers.

8. Will the DPS be automatically renewed at maturity?

   • Auto-renewal will be available upon customer’s request.

9. Is there any charge for opening a DPS?

   • No, there is no separate opening charge.

10. What happens if I want to encash the DPS before maturity?

    • No penalty will be imposed.
    • Profit will be provided at the rate applicable for the last completed year.
    • For additional months (if more than 3 months), profit will be given at 2% less than the rate of the last completed year.

11. What happens if I fail to pay monthly installments for a few months?

    • The DPS will be marked as “Irregular.”
    • However, once the due installments are paid, the account will be reactivated.

12. Can the nominee be changed during the DPS tenure?

    • Yes. The nominee can be changed by submitting a written application along with necessary documents.

13. Can the DPS be closed at any time?

    • Yes, but the customer must apply in writing.
    • The encashment will follow the rules of premature DPS closure.

14. Is the DPS completely safe?

    • Yes, it is operated by IPDC Finance PLC and is fully secured under Bangladesh Bank’s regulations.

15. Why choose IccheDPS?

    • Additional profit rate for female
    • Flexible installment payment options
    • No penalty for premature encashment
    • Building saving habits for future financial planning

IPDC offers four deposit schemes: Monthly Profit Scheme (MPS), Quarterly Profit Scheme (QPS), Double Money Deposit Scheme (DMDS), and Deposit Premium Scheme (DPS) — each designed for different savings goals and income preferences.

The minimum deposit varies by scheme: MPS, QPS, and DMDS require BDT 50,000; DPS requires BDT 1,000 per month.

Yes. IPDC Finance holds a AAA credit rating — the highest level of creditworthiness for a financial institution in Bangladesh. BRAC and the Government of Bangladesh are its principal shareholders, ensuring strong institutional oversight and governance.

Both MPS (Monthly Profit Scheme) and QPS (Quarterly Profit Scheme) require a minimum deposit of BDT 50,000 with a 12-month minimum tenure. The difference is the profit payout frequency — MPS pays profit every month, while QPS pays profit every quarter.

Under the DMDS, your deposited amount is doubled at maturity. The current offer term is approximately 7 years 3 months. The scheme is available for individual customers and is not renewable. Minimum deposit is BDT 50,000.

Yes. IPDC offers an instant overdraft facility of up to 90% of your deposited amount, allowing you to access funds without breaking your deposit scheme.

IPDC Finance PLC is a Non-Bank Financial Institution (NBFI) — not a bank. It was Bangladesh's first private sector NBFI and operates under the regulatory supervision of Bangladesh Bank.

Yes. IPDC offers exclusive deposit benefits and preferential terms for women depositors, senior citizens, and physically disabled individuals, aligned with its financial inclusion mandate.

You can open an IPDC deposit account by visiting any branch, applying online through the website, or availing IPDC's doorstep service where a representative collects your documents and processes your application at your home or office.

Yes. Payable interest/profit is subject to Tax Deduction at Source (TDS) and Excise Duty as per Government of Bangladesh rules and regulations.