bkash introduces savings scheme of Dhaka Bank, Mutual Trust Bank

Customers can now avail digital savings scheme of Dhaka Bank and Mutual Trust Bank (MTB) through bKash accounts from anywhere in the country, 24/7.

They can open savings schemes of different tenures and amount of these two banks in just a few minutes from the comfort of their homes, avoiding the hassle of paper documents or forms, said the company in a statement on Tuesday.

With this, people outside the banking channel can now open savings account easily without going to the bank counters. This service will further encourage people from all walks of life to save money and help ensure future financial security.

Last year, Bangladesh’s largest non-banking financial institution, IDLC Finance, introduced the country’s first ‘Digital Savings Scheme’ to enable customers avail the service through their bKash accounts. Following the success, the recent addition of these two banks will further strengthen the digital savings platform of bKash.

To open savings account, customers need to click on ‘Savings (in bank and financial institution)’ icon from the home screen of bKash app and follow some easy steps. They can avail the savings schemes in monthly installments of Tk 500, Tk 1,000, Tk 2,000 and Tk 3,000 starting from a minimum period of two years to a maximum of four years. After maturity of the scheme, customers can Cash Out the entire amount including profit from their bKash account without any charge.

Managing Director and CEO of Dhaka Bank Emranul Huq, said, “Dhaka Bank is working relentlessly to make financial inclusion meaningful. In continuation of this, the small savings scheme is launched in collaboration with bKash.

Managing Director & CEO of MTB Syed Mahbubur Rahman said, “A small amount of savings can be very helpful for meeting up any future need. In a bid to encourage this perspective, MTB and bKash have jointly made Savings easier, more comfortable and safer using the latest and secured technology.

Chief Executive Officer of bKash Kamal Quadir said, “Utilizing the latest technology, bKash has partnered with banks and financial institutions to make Savings more accessible and convenient for the customers.