Understanding Fixed Deposit Receipt Better

What Is Fixed Deposit Receipt?

Fixed Deposit Receipt, or also known as just Fixed Deposit, is a saving option offered by banks with a higher interest rate than a regular savings account. It's an investment where you deposit a specific amount for a fixed period, and the bank pays you interest according to FDR rate in Bangladesh until it matures.

Benefits of Fixed Deposit Receipt

Compared to other investment options, here’s some of the benefits of FDR:

Assured returns: Fixed deposits are considered safe because they provide guaranteed returns based on FDR rate in Bangladesh. These returns are typically higher than what you earn from a regular savings account. However, the exact returns can vary based on factors like the amount you invest, the bank you choose, and how long you keep your money in the fixed deposit.

Convenient flexibility:  In a fixed deposit, customers can decide to lock their money away for anywhere between 7 days and 10 years. The length of time you can choose varies depending on the bank, including interest rate and minimum deposit requirements.

Low risk: Are you someone who doesn't want to take high risks and focuses on long-term financial goals? Then Fixed Deposit can be a great option to invest.

Can be used in emergency situations: If you need cash urgently for emergencies like hospitalization or accidents, a fixed deposit can act as an emergency fund because banks allow you to take a loan against your fixed deposits.

Easy to withdraw: If you have a financial emergency, you can withdraw your fixed deposit early with a small penalty. This will not be possible in other investments like stocks and bonds that can be hard to sell quickly during an emergency because they have higher values.

Fixed Deposit Receipt in MetLife Bangladesh

MetLife know how crucial financial security is for your present and future well-being. That’s why we offer MetLife Fixed Deposit Protection Plan Assurance (MFDPP) where you can save for the future, receive a payout when the policy matures, and benefit from top-notch health insurance coverage with a single premium payment. It's convenient because you only need to pay one premium, making it easier to manage.

Why Should You Choose MFDPP Assurance?

1. Affordable one-time premium payment. No need to pay multiple premiums.

2. Financial protection of up to 1.5 times of your single premium.

3. Insurance protection up to 5 years.

4. Competitive interest based on FDR rate in Bangladesh.

5. Tax rebate benefits.

6. 5 years tenure option.

7. Easy application process.

8. Maturity value upon policy maturity.

9. World-class insurance protection for Natural Death, Accidental Death, Accidental Permanent Partial Disability, Accidental Permanent Total Disability.

10. Additional benefits for existing policyholders, including free access to MetLife 360Health, an end-to-end health solution that provides all-in-all health cover to help our customers live a better and healthier life. Learn more about the app here.

In summary, MFDPP Assurance is suitable for those who prefer certainty and avoid high-risk investments. With competitive FDR rates in Bangladesh, our MetLife Fixed Deposit Protection Plan Assurance (MFDPP), is something you should definitely check out. Reach out to MetLife Contact Centre, where we are ready to assist you.