Over 300,000 women avail savings scheme through bKash app

Savings trend among the women is gearing up, thanks to the convenience of availing monthly savings schemes through bKash app that does not require going to bank counters or even having any account.

Digital savings service has gained huge popularity among all especially women as they get everything including opening savings schemes of banks and financial institutions of their choice or depositing monthly installments in bKash app, says a press release.

Taking the benefit of digital savings, more than 300,000 women have already opened savings schemes of four banks and a financial institution through bKash app to ensure financial security of their own and family.

Women can easily avail these savings schemes of small amount ranging from BDT 500 to 3,000 which is making their financial management easier and augmenting their participation in financial activities. They are inclined to saving for their future security, children’s education, business purpose, travel, medical treatment, donations or various personal and social needs.

Currently, customers can avail monthly savings schemes from IDLC Finance, Mutual Trust Bank (MTB), Dhaka Bank, City Bank and Brac Bank through bKash app. They can avail monthly schemes of BDT 500, BDT 1,000, BDT 2,000 and BDT 3,000 starting from a minimum period of two years to a maximum of four years.

From opening savings account to depositing monthly instalments, customers can receive the total amount upon maturity through bKash app. Even a customer can withdraw savings amount at any stage through bKash app. A customer availing a saving scheme will be notified before each due date to keep sufficient balance in the account. They can also see all the important information ‘Live’ from the bKash app, including total savings amount, savings period, and profits. Customers can also Cash Out the full amount including interest without any charge, the press release added.