Bank Asia has introduced Hajj Deposit Scheme to fulfill the lifelong cherished dream of performing hajj as it is difficult for people with low or limited income to arrange the large sum of money for Hajj tour.
In this scheme, the depositor can open an account for a period of 1 to 10 years. The amount of the deposit installment can be determined by considering the estimated amount of money required to perform Hajj at the end of the term. Profit is paid on the basis of high weightage said a press release.
At the end of the term, the total money including profits can be withdrawn at once for performing Hajj.
If the account remains open for one year, all the profits earned till that time can be paid if necessary without any deduction.
