What is Smart Plant?
Smart Plant offers you to multiply your initial cash to 10 times in 6 years. You are required to deposit at least Taka 10,000 or multiple of it to avail the opportunity. In single name you can deposit maximum Taka 50,00,000. Dhaka Bank shall contribute 4 times of your deposited amount to build up a fund for issuance of Smart Plant.

What is the maturity period of Smart Plant?
Maturity period of the Smart Plant is 6 years.

What would be the matured value?
The total Smart Plant amount (your deposit + Bank Contribution) will double in 6 years. For example; if you deposit Taka 10,000, bank shall contribute Taka 40,000, altogether the Smart Plant amount will be Taka 50,000. On maturity (after 6 years) the Smart Plant amount will be Taka 1,00,000¹.

How can I repay bank contribution?
You will repay the bank contribution amount in 72 equal installments. After repayment of all installments the matured value will be credited in your savings account¹.

Is there any late payment fee on equal monthly installment?
If you fail to pay the installment within the due date, a late payment fee of 2% per month of the installment amount will be charged.

Is there any age limit for availing this opportunity?
If you are a Bangladeshi with an age more than 18 years and not exceeding 54 years, you can avail Smart Plant.

Can I discontinue Smart Plant?
Yes, you can discontinue the Smart Plant subject to the following.

• Before the 1st year, no interest
• After 1st year, prevailing savings rate.
• Closing fee is 1% of your deposited amount or subject to minimum Taka 500.

Do I require opening a Savings Account?
Yes you are required to open a Savings account or Smart Account to maintain the Smart Plant.

Can I take loan against my Smart Plant contribution?
You will have the option of taking advance up to 90% of your contributed amount. The lending rate will be tied up with the interest rate offered on the deposit.

What will happen if I die before Smart Plant maturity?
²Your nominee shall get matured value of Smart Plant if you demise prematurely before completing Smart Plant period. However, death from Self-inflicted injury, Suicide during the first year of insurance coverage, AIDS and HIV related disease, Abuse of alcohol or drugs, War, or riot, or civil commotion, Illegal act/criminal activity, Death due to any reason within the first 3 months of coverage except for accidental death, Natural Disaster viz. Earth Quake, Tsunami etc.

¹Subject to Income Tax Deduction
²Condition Applied