According to sub-rule (2) of rule 12: Provided that, subject to the provisions of rule 13, the following amounts shall be deposited as fixed deposits in savings certificates or in any scheduled bank, namely:-
(a) BDT 100,000, if located in a metropolitan area;
(b) BDT 75,000, if located in a district sadar;
(c) BDT 50,000, if located in upazila sadar and municipality; and
(d) BDT 25,000, if located at the union level.
According to Rule 13: Naming of institution in the name of an individual - In case of establishing a non-government primary school in the name of an individual, the entrepreneur shall deposit BDT 500,000 in the reserved fund as a permanent deposit of the school and the dividend of the said money may be withdrawn and included in the general fund for the development work of the said school by unanimous decision of the management committee:
However, it is provided that this rule shall not be applicable in the case of an existing school established in the name of an individual.
