Business Report :
This weekly digital savings service has been launched on bKash App for the first time in the country. From now on, customers, without opening bank accounts, can start saving from Tk 250 to Tk 5,000 per week with IDLC Finance, Dhaka Bank and BRAC Bank.
The new weekly savings will be instrumental in ensuring financial security, especially for marginalised communities who are out of financial inclusion. Low-income and daily wage-based professionals will be able to save little by little through these weekly savings, which will be useful for their future security, investment in business or agriculture, education, medical or any other urgent needs.
Amount of Weekly Savings and its Term:
bKash customers can deposit Tk 250, Tk 500, Tk 1,000, Tk 2,000, or Tk 5,000 per week with IDLC Finance, Dhaka Bank, and BRAC Bank through the bKash app. The tenure for the weekly savings is 06 and 12 months. Comparing the interest rates offered by banks and financial institutions in the bKash app, customers can open savings in just minutes anytime from anywhere.
How to Open Savings Account in the bKash App:
To open weekly savings, tap on the ‘Savings’ icon from the home screen of the bKash app and tap on ‘open new savings’. Then select ‘General Savings’ and select the reason of opening the savings. Choose the savings tenure of six or 12 months, select deposit type (weekly), and pick the amount of deposit — Tk250, Tk500, Tk1,000, Tk2,000, or Tk5,000 per week.
