FAQ
Frequently Asked Questions (FAQ)
1. When CVC Finance Limited was incorporated?
CVC Finance Limited was incorporated in 2015 and it is a Bangladesh Bank’s licensed company.
2. What’s the aim of CVC Finance Limited?
We aim to deliver innovative financial solutions by leveraging on Technology, best Corporate & Ethical Practices and Service Excellence.
3. Who are the Institutional Shareholders of CVC finance limited?
- Investment Corporation of Bangladesh (ICB)
- Sadharan Bima Corporation
- Khan Brothers Ship Building Ltd
- Amanat Shah Weaving Processing Ltd
- Moon Readywears Ltd
- Padma Glass Ltd and
- Kowloon Capital Ltd, Hong Kong
4. Who is the Chairman of CVC Finance Limited?
Mr. Mahmud Hussain is the Chairman of CVC Finance Limited. He has 20 years of experience in financial services markets, both locally and globally, with organizations such as the World Bank, Deutsche Bank, and Citigroup UK.
5. What’s the mission of CVC Finance Limited?
- Maximize values for both external and internal Stakeholders through innovation, skill and professionalism.
- Offer comprehensive, professional and innovative financial solutions and services.
- Establish an ethical, professional corporate governance and management structure.
- Facilitate FDI & optimize use of capital to spur Sustainable economic green growth.
6. What’s the vision of CVC finance limited?
The vision is to be the innovative & most professional Financial Institution to cater to the needs of the market.
7. From where I can collect CVC Finance Limited’s annual report?
You can collect our annual report by following the steps below:
- Go to CVC Finance’s website (www.cvcflbd.com)
- Scroll down to the end. There you will find an option for annual report.
- Click on the annual report and you will be taken to the pages from where you can collect the last few years’ annual report.
8. What are the corporate values of CVC Finance Limited?
We will constantly anticipate market needs and strive to offer innovative & flexible services that create new value for customers.
9. When CVC Finance Limited did started their journey and received their license as a financial institution?
In March 09, 2014 CVC Finance Limited received the initial approval from the Bangladesh Bank to operate as Financial Institution. In July 16, 2015 CVC was licensed as Financial Institution under Financial Institution Act 1993, Clause 4 (1) by Bangladesh Bank.
10. When CVC Finance Limited was formally inaugurated?
On February 29, 2016 CVC Finance Limited was formally inaugurated by Dr. Atiur Rahman the former governor of Bangladesh Bank.
11. What was the former name of CVC Finance Limited?
CAPM Venture Capital & Finance Limited was the former name of CVC Finance Limited.
12. What is the meaning of CVC Finance?
CVC Finance has been renamed from CAPM Venture Capital & Finance Limited.
13. Is CVC Finance similar to a commercial Bank?
No, we are Non-Banking Financial Institution licensed and regulated by Bangladesh Bank.
14. What is the address of CVC Finance Limited?
Our Principal Branch and Head Office is located at: Rahman’s Regnum Centre, (Level - 13), Plot No: 191/1, Tejgaon-Gulshan Link Road, Tejgaon C/A, Dhaka-1208.
15. What is the credit ratings of last few years of CVC Finance Limited?
| Declaration Date | Valid Till | Long Term Rating | Short Term Rating |
|---|---|---|---|
| 29 September, 2022 | 15 August, 2023 | A+ | ST - 2 |
| 16 August, 2021 | 15 August, 2022 | A+ | ST - 2 |
| 20 February, 2020 | 19 February, 2021 | A+ | ST - 2 |
16. How many branches CVC Finance Limited has?
Right now, we have our principal branch, which is located at Rahman’s Regnum Centre, (Level - 13), Plot no: 191/1, Tejgaon-Gulshan Link Road, Tejgaon C/A, Dhaka-1208. Kindly call at our hotline: 16766 if you have more queries.
17. What’s the interest rate of deposit products?
Please visit our website and check the interest rates from Deposit section. Please follow the below link for deposit rates. Link: Deposit Rate
18. How to contact with someone from CVC Finance Limited?
For any kind of query regarding CVC Finance Limited, you can reach us through phone call, email or social media. If it is convenient for you, kindly come to our office and talk to us. Our current office time is from Sunday to Thursday 10 A.M to 5 P.M. (excluding Govt. holy days).
- Office Location: Rahman’s Regnum Centre (Level - 13), Plot No: 191/1, Tejgaon-Gulshan Link Road, Tejgaon C/A, Dhaka-1208.
- Email: [email protected] ; [email protected]
- Hot Line: 16766
- Phone: (+8802) 8870281
- Mobile: +88 01704120004
- Website
19. Who are included in the board of directors?
Currently our Board of Directors consist of following members:
- Mr. Mahmud Hussain
- Ms. Nasmin Anwar
- Mr. Bibekananda Saha
- Mr. Tofayel Kabir Khan
- Mr. Rezaul Karim
- Mr. Syed Al Farooque
- Mr. Anwar Kamal Pasha
- Mr. Asif Wahab Khan
- Mr. Naim Hossain
- Mr. AKM Monirul Islam
20. Does CVC finance have any international standard certifications?
Yes. We are ISO 27001:2013 (Information Security Management System) certified since 2021.
21. Is CVC Finance Limited a licensed financing company from Bangladesh Bank?
Yes, since July 16, 2015 CVC Finance Limited was licensed as financial institution under Financial Institution Act 1993, Clause 4 (1) by Bangladesh Bank.
22. Does CVC Finance perform any charity or donation activity?
Yes, we are working with Jago Foundation for the betterment of unprevailed children. We are also working with BANCAT (Bangladesh Cancer Aid Trust) and taken treatment responsibility of few cancer patients. Besides that, during Covid time, we have worked with Sajida Foundation out of our social responsibility.
1. Is your rate competitive?
Yes. We, CVC Finance Limited provides competitive interest rate to our customers.
2. Who can open a deposit account?
Anyone who meets the eligible criteria can open a deposit account.
3. Who is eligible for opening deposit account?
Anyone who meets the eligible criteria can open a deposit account.
4. How to open deposit account?
Our Relationship Managers are always ready to serve at your door step. However, customers can manually open deposit account from our principal branch.
5. How can I figure out if I am eligible for opening a deposit account or not?
Kindly visit our Website, Chabot and select your desired deposit product to see the eligible criteria for your desired deposit product.
6. Can I open more than one deposit account?
Yes. If a customer wishes, he or she may open more than one deposit account with us.
7. What is the flexible tenor for (regular term / income scheme) deposit?
Kindly visit our website, Chabot and select your desired deposit product to know more about your desired product.
8. Is there any quick loan facility against deposit?
Yes, it is possible to get a quick loan against a deposit from CVC Finance Limited.
9. Is there auto renewal facility available?
Yes, the auto renewal facility is available.
10. What is the maximum deposit amount?
There is no limit for maximum deposit amount.
11. What are the basic required documents for opening a deposit account manually for corporate institutions?
- Application Form duly filled
- Trade License
- Photocopy of NID of signatories
- E-TIN
- Board Resolution for opening and operating the account
- Form XII
- Photograph of Signatories
- Signature of Signatories
12. Is there any nominee required to open a deposit account?
Yes. According to the rules of Bangladesh Bank, a nominee is required for opening a deposit account.
13. Why nominee is required to open my deposit account?
According to the rules of Bangladesh Bank, a nominee is required for opening an account.
14. What is outstanding amount?
Outstanding amount refers the amount of loan that has to be repaid by the loan borrower.
15. Why nominee is required to open my deposit account?
A nominee is an individual who is nominated by account holder against his/her account, who can claim the proceeds of the deposit account after the death of original account holder. In future if any unfortunate incident happens to the account holder in that case to return the deposited amount, a nominee is required.
According to the rules of Bangladesh Bank, a nominee is required for opening an account.
16. What makes CVC Finance different from other banking and non-banking financial institution in purpose of deposit?
CVC finance provides top notch customer service which makes us different from other banking and non-banking financial institutions in purpose of deposits.
17. Why should I choose CVC Finance Limited for depositing my money?
CVC Finance Limited, a fast-growing financial institution incorporated in 2015, licensed by Bangladesh Bank. We aim to deliver innovative financial solutions by leveraging on Technology, best Corporate Practices and Service Excellence. Our management team has experience of working for leading banks and financial institutions and a strong background with proven track record of excellence in performance. We can proudly state that throughout our journey, we have not received even a single complain about not giving money on date of delivery or regarding the services we provide.
18. Who can be the nominee for deposit account?
Nominee for deposit can be anyone as per account holder’s wish, other than minor. In case the nominee is minor, legal guardian is required.
19. Can students deposit their money to CVC Finance Limited?
Yes. By opening a DPS Scheme account, students can deposit their money in CVC finance.
20. Can CVC Finance’s Relationship Manager meet me for some further queries?
Yes, please let us know your current address and contact number by contacting to our customer service center. Our Relationship Managers are ready to provide the financial services to your doorsteps.
21. Do I have to pay extra for depositing my money through CVC finance mobile application?
No, you do not have to pay extra for depositing money through CVC finance mobile application.
22. What is the Regular Term Deposit of CVC Finance Limited?
A term deposit is a fixed-term investment that involves depositing funds into a financial institution's account. Term deposit investments usually carry short-term maturities ranging from one month to a few years and will have varying levels of required minimum deposits.
23. What is Cumulative Term Deposit?
A cumulative deposit is a lump sum payment accepted for a specified period of time at an agreed rate of interest, with interest paid in addition to the principal amount at maturity of the deposit.
24. Is the monthly income scheme only for pensioners?
Yes. This income scheme is suitable for Pensioners who prefer interest income on a Monthly, Quarterly & Half Yearly basis.
25. What is monthly income scheme?
Monthly Income Scheme (MIS) is an investment scheme that promises investors guaranteed returns at an interest rate fixed by board.
26. Is CVC Finance Limited trustworthy for depositing my money?
CVC Finance Limited, a fast-growing financial institution incorporated in 2015, licensed by Bangladesh Bank. We aim to deliver innovative financial solutions by leveraging on Technology, best Corporate Practices and Service Excellence. Our management team has experience of working for leading banks and financial institutions and a strong background with proven track record of excellence in performance. We can proudly state that throughout our journey, we have not received even a single complain about not giving money on date of delivery or regarding the services we provide.
27. What are the deposit products of CVC Finance limited?
- Regular Term Deposit
- Cumulative Term Deposit Scheme
- Income Scheme (1-5 Years)
- Double Money Scheme
- Triple Money Scheme
- Monthly Savings Plan
- Professional Deposit Scheme
- Provident Fund/ Gratuity Fund Deposit Scheme
28. Who is eligible for Regular Term Deposit?
Individuals and Institutions both are eligible for Regular Term Deposit.
29. What’s the flexible tenure of Regular Term Deposit?
6, 12, 24 months (Terms and Conditions apply) *
30. What is the interest rate of Regular Term Deposit?
Please visit our website: DEPOSIT RATES to know about interest rate (Terms and Conditions apply).
31. Is there any Quick loan facility available against Regular Term Deposit?
Yes, it is possible to get a quick loan against a Regular Term Deposit from CVC Finance Limited.
32. Is Auto renewal facility of Regular Term Deposit available?
Yes. CVC Finance Limited offers automatic term deposit renewals on a regular basis.
33. What’s the minimum deposit amount of Regular Term Deposit?
BDT 50,000 (Terms and Conditions apply)
34. Who is eligible for Cumulative Term Deposit Scheme?
Individuals and Institutions are available for Cumulative Term Deposit Scheme.
35. What’s the flexible tenure of Cumulative Term Deposit Scheme?
Individuals and Institutions are available for Cumulative Term Deposit Scheme.02 – 04 years & above. (Terms and Conditions apply)
36. What is the interest rate of Cumulative Term Deposit Scheme?
Please visit our website: DEPOSIT RATES to know about interest rate (Terms and Conditions apply).
37. Who is eligible for Income Scheme?
Pensioners are eligible for income scheme but, other people can also avail it if they want.
38. What’s the flexible tenure of Income Scheme?
Maximum 1-5 years (Terms and Conditions apply)
39. What is the interest rate of Income Scheme?
Please visit our website: DEPOSIT RATES to know about interest rate (Terms and Conditions apply).
40. Is there any Quick loan facility available against Income Scheme?
Yes. Quick loan facility is available against Income Scheme. (Terms and Conditions apply)
41. Is Auto renewal facility of Income Scheme available?
Yes. An auto renewal facility is available on the Income Scheme. (Terms and Conditions apply)
42. What’s the minimum amount of Income Scheme?
BDT 100,000 (Terms and Conditions apply)
43. What’s the flexible payout of Income Scheme?
Monthly, Quarterly, Half Yearly (Terms and Conditions apply)
44. Does CVC finance offer any Multiple Benefit Scheme to the client?
Yes
- Double Money Scheme
- Millionaire Scheme
- Kotipoti Scheme
45. What’s the tenure of Double Money scheme?
7 years (Terms and Conditions apply)
46. What is the interest rate of Double Money scheme?
Please visit our website: DEPOSIT RATES to know about interest rate (Terms and Conditions apply).
47. Is there any Quick loan facility available against Double Money scheme?
Yes, quick loan facility is available against Double Money Scheme.
48. Is Auto renewal facility of Double Money scheme available?
Yes. An auto renewal facility is available on Double Money Scheme. (Terms and Conditions apply)
49. What’s the minimum deposit amount of Double Money scheme?
BDT 100,000 (Terms and Conditions apply)
50. What’s the tenure of Millionaire Deposit Scheme?
36-120 months (Terms and Conditions apply)
51. What is the interest rate of Millionaire Deposit Scheme?
Please visit our website: DEPOSIT RATES to know about interest rate (Terms and Conditions apply).
52. Is there any Quick loan facility available against Millionaire Deposit Scheme?
No, quick loan facility is not available against Triple Money Scheme.
53. Is Auto renewal facility of Millionaire Deposit Scheme available?
Yes. An auto renewal facility is available on the Triple money Scheme. (Terms and Conditions apply)
54. What’s the minimum deposit amount of Millionaire Deposit Scheme scheme?
BDT 5,000 (Terms and Conditions apply)
55. Does CVC Finance offer any Monthly Savings Plan scheme to the client?
Yes. CVC Finance Limited provides the client with a Monthly Savings Plan scheme. (Terms and Conditions apply).
56. What is flexible tenure of Monthly Savings Plan scheme?
24 - 60 months. (Terms and Conditions apply)
57. What is the minimum deposit amount of Monthly Savings Plan scheme?
BDT 1,000 (Terms and Conditions apply)
58. Who is eligible for Kotipoti Deposit Scheme?
Individual depositers who wants to become Kotipoti.
59. What’s the flexible tenure of Kotipoti Deposit Scheme?
60 - 180 months (Terms and Conditions apply).
60. Is there any Quick loan facility available against the Kotipoti Deposit Scheme?
No, this service is not available for this scheme.
61. Is Auto renewal facility of Kotipoti Deposit Scheme available?
Yes. An auto renewal facility is available on the Kotipoti Deposit Scheme. (Terms and Conditions apply).
62. Who is eligible for Provident Fund/ Gratuity Fund Deposit Scheme?
Self Employed Professionals and Institutions are eligible for this scheme.
63. What’s the flexible tenure of Provident Fund/ Gratuity Fund Deposit Scheme?
24 - 60 months. (Terms and Conditions apply)
64. Is there any Quick loan facility available against Provident Fund/ Gratuity Fund Deposit Scheme?
Yes, quick loan facility is available against Provident Fund/ Gratuity Fund Deposit Scheme.
65. Is Auto renewal facility of Provident Fund/ Gratuity Fund Deposit Scheme available?
Yes, auto renewal facility of Provident Fund/ Gratuity Fund Deposit Scheme is available at CVC Finance Limited.
66. What does Auto renewal facility mean?
Auto renewal facility means that the client can easily renew their deposit account without visiting our office.
67. Is early encashment of deposit possible?
Yes, early encashment of deposit is possible. ((Terms and Conditions apply) *
68. In case of early encashment what interest will be given to the customer?
In case of early encashment, 3% less from the total interest rate of that deposit product will be given to the client.
69. Why should I choose the CVC finance mobile app to open a deposit account?
It’s easy, safe and convenient. You can open a deposit account from anywhere and anytime. You don’t need to go anywhere. It’s fast. It just takes a couple of minutes to open an account. We are available 24/7 at your service.
70. What are the required documents for opening a deposit account in CVC finance mobile application?
- NID Card*
- Salary certificate/ Source of fund*
- TIN Certificate
- Trade License
- Employee ID card
- NID card of nominee
71. What are the steps of depositing in CVC finance manually?
To deposit the money in CVC finance manually, at first you have to submit these documents to the branch -
- Application Form duly filled and signed*
- Trade License
- Photocopy of NID of the applicant*
- Photocopy of NID of nominee*
- E-TIN
- Photograph of Signatories*
- Signature of Signatories*
72. Where can I find a loan application form?
Go to CVC Finance Limited website. Scroll to end, there you will find the “Forms & Downloads” option. Click on Forms & Downloads. You will be taken to the “Forms Downloads” page. From there you can download the loan application form.
73. Where can I find a deposit application form?
Go to CVC Finance Limited website. Scroll to end, there you will find the “Forms & Downloads” option. Click on Forms & Downloads. You will be taken to the “Forms Downloads” page. From there you can download the deposit application form.
74. Is there any special rate benefit for senior citizens?
We are offering Income Scheme deposit product with privileged rate for senior citizens.
75. Does my individual account become a joint account if I add another member?
This service is not available. You need to open a new joint account to meet this demand.
76. Can a customer apply for the deposit in favor of his son or daughter?
Any customer can apply for any deposit product and make nominee to his/her child.
77. How do I change my nominee of deposit account?
Please sent us request with service request form (duly filled up) and other necessary documents.
78. If I am a business, can I apply for a deposit account?
Any business individual can apply for deposit account.
79. How will the deposit interest be calculated and paid?
Deposit interest will be calculated monthly, annually as per the interest rate.
80. Can I share a joint account with someone who’s not a Bangladeshi resident?
You cannot open any joint account with someone who is not a Bangladeshi resident.
81. Can I change the primary account holder?
You cannot change the primary account holder after opening any deposit account. You have to close the account first and reopen a new account to change the primary or secondary account holder of that account.
1. What are the criteria for getting a Personal Loan?
Personal loan is a product we offer to our client to meet up customer’s personal financial requirement.
2. What is minimum and maximum loan limit?
| Retail loan | Up to 5,00,00,000 Taka |
|---|---|
| SME Finance | Up to 3,00,00,000 Taka |
| Corporate Loan | Tailored to business requirement |
3. Is there any option to increase the amount and tenure of Personal Loan?
Yes, only if the Board of Directors gives the approval to increase the amount and tenure. Kindly visit our office if you have more queries about this.
4. Is there any option of joint application and who can be a joint applicant in Personal Loan?
Yes, there is an option of joint application for any loan. Anyone related to the applicant can be the joint applicant.
5. What about guarantee requirement for Personal Loan?
Customer has to make sure 2 guarantors to avail a personal loan.
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