Thursday, 21st May 2026
Khabor Wala Desk
Published: 4th January 2026, 6:43 AM
In a move aimed at promoting a culture of savings and providing long-term financial security to investors, NCC Bank has recently introduced its innovative “Double Benefit Scheme”. The scheme enables customers to gradually grow their principal capital through a combination of an initial deposit and modest monthly contributions, making wealth accumulation accessible to a broader segment of the population.
While many banks in Bangladesh periodically launch “double your money” programmes, these typically require substantial initial deposits, which can exclude ordinary savers. NCC Bank’s new scheme removes this barrier, allowing even small-scale depositors to participate and benefit from structured, long-term savings.
Initial Deposit: BDT 25,000 – 20,00,000
Tenure: 2 to 6 years
Annual Interest Rate: 10%
To assist customers in planning their monthly contributions, the bank has provided illustrative figures showing how different initial deposits, when coupled with monthly instalments, can potentially double over the selected tenure:
| Initial Deposit (BDT) | 2 Years | 3 Years | 4 Years | 5 Years | 6 Years |
|---|---|---|---|---|---|
| 25,000 | 731 | 387 | 216 | 114 | 47 |
| 50,000 | 1,462 | 774 | 432 | 228 | 93 |
| 100,000 | 2,924 | 1,548 | 863 | 455 | 185 |
| 200,000 | 5,847 | 3,096 | 1,725 | 909 | 369 |
| 500,000 | 14,618 | 7,736 | 4,313 | 2,272 | 922 |
| 1,000,000 | 29,236 | 15,472 | 8,625 | 4,543 | 1,844 |
| 2,000,000 | 58,470 | 30,944 | 17,249 | 9,368 | – |
Customers are also allowed to open multiple accounts under the scheme. Monthly contributions can be deposited through the linked savings account or directly at the bank. Additionally, account progress can be monitored conveniently via NCC Bank’s online banking services, offering real-time updates and enhanced transparency.
Prospective account holders must submit a completed application form along with the following: a personal photograph, valid National ID (NID), nominee details and photograph, bank reference information, and emergency contact details.
Financial experts note that in a developing country like Bangladesh, sudden medical emergencies or unforeseen accidents can severely destabilise a family’s financial situation. In such contexts, structured savings programmes such as NCC Bank’s Double Benefit Scheme not only provide long-term financial stability but also foster self-reliance and mitigate future risks. Regular contributions help grow personal wealth and offer peace of mind in times of uncertainty, reinforcing the importance of disciplined, long-term financial planning.
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