bKash Adds Eastern Bank DPS to Digital Savings Service

bKash has added monthly deposit pension scheme (DPS) services of Eastern Bank PLC to its mobile application, expanding its growing digital savings ecosystem aimed at increasing financial inclusion across Bangladesh.

With this integration, customers can now open Eastern Bank DPS directly from the bKash app alongside services already offered by several other banks and financial institutions. The platform allows users to save without visiting a branch or maintaining a traditional bank account, making the process faster and more accessible.

According to available data, more than 6 million DPS accounts have already been opened through the bKash app across partner banks and financial institutions, reflecting strong user adoption of digital savings services in the country.

Under the new arrangement, Eastern Bank offers monthly savings plans ranging from Tk 500 to Tk 20,000, with tenures between 6 months and 4 years. Customers can select their preferred savings plan through the app, choose instalment amounts, and complete the process digitally using their bKash PIN.

Once set up, instalments are automatically deducted on the selected monthly date, provided sufficient balance is available in the customer’s bKash account. Users also receive reminders before deduction dates to ensure uninterrupted savings.

At maturity, customers receive their deposited amount along with profits directly into their bKash account. The service also allows users to cash out funds without additional charges, while premature closure of DPS can be done through the app.

Senior officials from Eastern Bank and bKash described the initiative as a step towards expanding accessible savings options for a wider population, including small entrepreneurs, salaried individuals, students, farmers, and homemakers.

A senior official from Eastern Bank said the collaboration would help extend structured savings services to a larger customer base through digital channels, supporting long-term deposit growth and financial inclusion goals.

bKash officials said the partnership reflects deeper collaboration between financial institutions and mobile financial service providers to build a more inclusive digital financial ecosystem. They added that the platform is helping users from both urban and rural areas adopt disciplined savings habits through simple, paperless processes.

The company also highlighted that a significant portion of DPS users are women, and a large share of accounts are opened outside traditional banking hours, indicating strong demand for flexible digital financial services.

With this latest addition, bKash continues to expand its role beyond money transfer and payments, positioning itself as a broader financial services platform supporting savings and investment products in Bangladesh’s growing digital economy.