Mudaraba Monthly Education Project

Education
Account under this scheme in the name of a child can be opened until he/she is 10. Monthly installments are to be deposited like other saving scheme for 10 or 15 years to get stipend for next 6 years out of deposit and interest accumulated. Salient features of the account are as under: Deposits to be made for 15 years if the account is opened within 3 years of the birth of a child. Deposits to be made for 10 years if it is opened after 3 years of age. After maturity monthly stipend will be paid for next 6 years as per schedule to the credit of ward’s account. Deposit can be withdrawn at a time by the guardian before or after maturity.

Monthly Deposit (TK) After 10 years After 12 years After 15 years
After Maturity Monthly After Maturity Monthly After Maturity Monthly
300/- 63,750/- 1,200/- 86,600/- 1,650/- 131,200/- 2,500/-
500/- 106,300/- 2,000/- 144,400/- 2,750/- 218,750/- 4,150/-
1,000/- 212,600/- 4,050/- 288,800/- 5,500/- 437,500/- 8,300/-
2,000/- 425,200/- 8,100/- 577,600/- 11,000/- 875,000/- 16,650/-
3,000/- 637,800/- 12,140/- 866,400/- 16,500/- 1,312,500/- 24,980/-
4,000/- 850,400/- 16,190/- 1,155,200/- 21,980/- 1,750,000/- 33,300/-
5,000/- 1,063,000/- 20,200/- 1,444,000/- 27,480/- 2,187,500/- 41,600/-
10,000/- 2,126,000/- 40,450/- 2,888,000/- 54,970/- 4,375,000/- 83,250/-