Eastern Bank PLC (EBL) and bKash jointly introduced the country's first digital FDR (Fixed Deposit) available on bKash App, marking a significant milestone in advancing financial inclusion.
bKash users can now instantly open FDR from bKash App, without visiting branches or submitting paper documents.
By making reliable savings products more accessible, the initiative aims to help people across the country, including those in semi-urban and rural areas, grow their savings conveniently with one of the leading banks in Bangladesh.
bKash customers can now open FDR with EBL ranging from Tk10,000 to Tk100,000 having tenures of 6 and 12 months, with auto-renewal option.
Customers will receive periodic interest in bKash account.
Besides, customers can download and preserve digital receipts from bKash app.
M Khorshed Anowar, deputy managing director and head of retail and SME banking at EBL and Ali Ahmmed, chief commercial officer of bKash Limited, jointly made the announcement at an event held at EBL Head Office in the city on July 29.
Other senior officials from both the organizations were also present at the event.
M Khorshed Anowar, DMD of EBL, said: “After the successful launch of EBL DPS in bKash App, we took the initiative to be the first bank to offer Fixed Deposit in bKash App. This a testament to the inclusive banking EBL is striving for. Now people across Bangladesh can open EBL Fixed Deposit as per their convenience on bKash App. EBL will continue to extend its savings services to a broader customer segment as a way forward to inclusive banking.”
Ali Ahmmed, chief commercial officer of bKash, said: “The deeper collaboration between banks and bKash is creating new opportunities to deliver accessible, innovative, and customer-centric financial solutions for the entire country. By leveraging bKash’s extensive customer base and digital infrastructure, banks can extend their services to millions with greater convenience. Through this partnership, we have further expanded our common objectives of innovating financial products supporting financial inclusion and empowerment.”