300,000 women avail of savings scheme in Bkash app
Better financial management and future security drive women to avail of these easy savings schemes.
The savings trend among women is gearing up, thanks to the convenience of availing monthly savings schemes through the Bkash app that does not require going to bank counters or even having an 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 instalments in the Bkash app, reads a press release.
Taking the benefit of digital savings, more than 300,000 women have already opened savings schemes for four banks and a financial institution through the Bkash app to ensure the financial security of their own and family.
Women can easily avail of these savings schemes of small amounts ranging from Tk500 to Tk3,000 which is making their financial management easier and augmenting their participation in financial activities.
They are inclined to save for their future security, children’s education, business purpose, travel, medical treatment, donations or various personal and social needs.
Currently, customers can avail of monthly savings schemes from IDLC Finance, Mutual Trust Bank (MTB), Dhaka Bank, City Bank and Brac Bank through Bkash app. They can avail of 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.
Read more: Guardian Life Insurance Limited signs agreement with Community Bank Limited
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 my daughter’s future education expenses.”
Amena Khatun, who joins her first job at a diagnostic centre in Rajbari after finishing her study, said: “Entire amount is usually spent after getting the monthly salary. Monthly savings through Bkash is a very good option to save some out of my earnings. After getting my salary, I keep an adequate balance in my Bkash account for monthly instalments to be deducted automatically through the Bkash app. It is very convenient that I do not have to give extra effort to deposit money every month. Moreover, I can save money at banks without going there”.
From opening a savings account to depositing monthly instalments, customers can receive the total amount upon maturity through the Bkash app. Even a customer can withdraw savings amount at any stage through the Bkash app. A customer availing of a saving scheme will be notified before each due date to keep a 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.
