City Bank launches Islamic DPS savings with bKash

Business Desk :
City Bank launched its first-ever Shariah-based savings scheme City Islamic DPS Savings on Monday.
People can now open the Islamic DPS Savings account of different tenures and amounts from anywhere in the country through bKash app.
The minimum monthly instalment of the savings scheme will be Tk 500 and a maximum of Tk 3,000.
The tenure of the schemes will start from two years and can be up to four years.
To open the Islamic savings account of City Bank, the customers need to click on the bank and financial institution’s “Savings icon” from the home screen of bKash app.
Then they have to select the savings tenure, type and follow a few easy steps to complete the process.
Earlier, the bank signed an agreement with bKash to launch the scheme.
Aziz Al Kaiser, chairman of City Bank; Mashrur Arefin, managing director; Md Anwar Hosain Molla, chairman of the bank’s shariah supervisory committee, and Kamal Qadir, chief executive officer of bKash, attended the launch of the new product at The Westin Dhaka.