Home > Banking Services > Conventional Banking > Millionaire Deposit Scheme (MDS)

Millionaire Deposit Scheme (MDS) Account is a time specified monthly deposit scheme for clients where the deposited money will become one million on maturity.

• Tenor: 4,5,6,7,8,9 and 10 years term;
• Deposit on monthly installment basis;
• Attractive rate of interest;
• Account can be opened at any working day of the month;
• Monthly installment can be deposited through a standing debit instruction from the designated CD/SB Account;
• Monthly installment can be deposited in advance;
• An account can be transferred from one branch to another branch of the bank;
• Credit facility for maximum of 2 years can be availed at any time during the period of the scheme;
• Allowed to open more than one MDS Account for different amount at any branch of the Bank;