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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.

Features and Benefits :
  • 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;
* Please contact nearest SEBL branch or call 16206 for details.