Fixed Deposits and Wage earners development bond (WEB)

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The opening of Fixed Deposits in IFIC Bank PLC and WEB (for Bangladeshi nationals only) steps are following below.

  • Have a bank account with IFIC Bank PLC (savings/current account is required first).
  • Choose the deposit amount.
  • Select the tenure (6 months, 1 year, 3 years or more).
  • National ID for applicants and nominees.
  • Passport, Visa and Resident card’s copy for applicant.
  • Passport size photo for applicants and nominees.
  • Fill out form at the branch.
  • Deposit the amount through your bank account.
  • Receive the Fixed Deposit or WEB Certificate showing amount, tenure, and interest rate.
  •  Interest is paid either monthly or at maturity, depending on your choice.