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How to Invest DPS
DPS: DPS essentially forces you to save on monthly basis. Saving Tk500 or Tk1000 every month is fairly achievable for most of us. However, if one fails to pay monthly DPS on consecutive basis, depending on the terms and conditions, he or she might have to pay fine, or the account might get cancelled. The monthly installment can be as low as BDT 500 or any multiples of it i.e. BDT 1,000, BDT 2,500, BDT 5,000 and so on.
Benefit: At maturity, it pays off a handsome amount of money. DPS can give you the convenience of saving regularly in line with your monthly income stream. So, if you want to create a big savings to fulfill your cherished dream, DPS is the right solution. DPS can have a range of options for both installment size and maturity.
- UCB offers special DPS for women, which pays a better rate of interests than normal DPS.
- UCB also offers NRB DPS for nonresident Bangladeshis, allowing them to save for a better future.