IDLC introduces MFS-based savings

IDLC Finance has launched a "digital savings scheme" through bKash accounts at its Gulshan corporate head office recently.

Customers will be able to automatically deposit savings instalments from their bKash app to IDLC Finance on a specific date of each month, says a press release. Once the scheme matures, customers will receive the money, including profits, in their bKash account.

The monthly instalments amount to 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. This new service is expected to inspire people from all walks of life to save money, making the savings process easier, safer, more profitable and affordable.

"Access to services like a monthly savings scheme will also contribute to the improvement of people's living standards and economic development," said Managing Director and CEO M Jamal Uddin.

"bKash…(made) it easier for customers to get access to savings service of financial institutions," said bKash CEO Kamal Quadir.