Over 300,000 women avail savings scheme through bKash app
Women can easily avail these savings schemes of small amounts ranging from Tk500-Tk3,000 which is making their financial management easier and augmenting their participation in financial activities
Taking the benefit of digital savings, more than 300,000 women have 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 amounts ranging from Tk500-Tk3,000 which is making their financial management easier and augmenting their participation in financial activities, reads a bKash press statement on Thursday.
They are inclined to save for their future security, children's education, business purpose, travel, medical treatment, donations or various personal and social needs, it added.
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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 Tk500, Tk1,000, Tk2,000 and Tk3,000 starting from a minimum period of two years to a maximum of four years.
Shaila Akhter, a housewife living in Dhaka, said, "It is quite difficult to go to a bank branch and open a savings account after managing my family and children. Likewise, depositing an instalment every month is also challenging. That's why I could not manage a savings account despite having a strong will.
"However, bKash's savings schemes through the app have made it easier for women like me. Now we can easily open a savings scheme and deposit monthly instalments through the bKash app. I have opened a savings scheme for the future education expenses of my daughter".
From opening savings accounts to depositing monthly instalments, customers can receive the total amount upon maturity through bKash app. Customers can also withdraw a 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.
