bKash, the leading mobile financial service in Bangladesh, is more than just a platform for sending money or paying bills. One of its standout features is the ability to open a savings account directly from the app. This makes saving money easier, more secure, and highly accessible. If you're wondering how to open a savings account in bKash, this step-by-step guide will help you get started.
Why Open a Savings Account in bKash?
Here are some benefits of a bKash savings account:
- Earn Interest: Grow your savings with monthly or yearly interest.
- No Hassle: Open and manage your account entirely from the bKash app.
- Secure Transactions: Your savings are safe and protected.
- Instant Transfers: Move money between your savings and regular bKash accounts effortlessly.
Step-by-Step Guide to Open a Savings Account in bKash
Step 1: Download or Update the bKash App
- Make sure you have the latest version of the bKash app installed on your smartphone.
- If you don’t have the app, download it from the Google Play Store or the Apple App Store.
Step 2: Log in to Your bKash Account
- Open the app and log in using your bKash account credentials.
- If you’re not yet registered with bKash, you’ll need to create an account first.
Step 3: Access the Savings Feature
- On the app’s home screen, find and tap the “Savings” option.
- You will see information about the savings account, including terms and benefits.
Step 4: Select a Partner Bank
- Choose from the list of partner banks offering savings services through bKash.
- Popular partner banks include BRAC Bank, City Bank, and others.
Step 5: Provide Necessary Details
- Fill in the required information, including:
- Your NID (National ID)
- Personal details (name, address, etc.)
- Double-check all information for accuracy.
Step 6: Set Up Savings Preferences
- Decide on your savings plan:
- Fixed Deposit: Save a lump sum for a fixed period to earn higher interest.
- Flexible Savings: Add and withdraw funds anytime while earning interest.
- Specify the amount you want to save and the duration of the savings.
Step 7: Confirm and Activate
- Review all the details and confirm your application.
- Once approved, your savings account will be activated, and you can start saving immediately.
Additional Features of bKash Savings Accounts
- Automated Savings: Set up automatic transfers to your savings account each month.
- Withdraw Anytime: Access your funds whenever needed (based on your plan).
- Notifications: Receive updates on your balance and interest earnings.
Tips for Managing Your bKash Savings Account
- Set a Goal: Decide on a specific purpose for your savings, such as education, a trip, or emergency funds.
- Track Your Progress: Use the app to monitor your savings and interest earnings regularly.
- Save Consistently: Make small but regular deposits to grow your savings steadily.
Conclusion
Opening a savings account in bKash is a smart move for anyone looking to save money conveniently. With its easy setup process and attractive benefits, bKash makes saving accessible to everyone in Bangladesh.
