Under IDLC DPS, the weekly/monthly deposit will be automatically deducted from your bKash Account and you will get the total maturity amount (including interest) in your bKash Account at maturity. And you can also Cash Out the matured amount without any cost!

Details of IDLC Finance Limited DPS

• Deposit Amount:
  • Tk. 250/500/1,000/2,000/5,000 per week
  • Tk. 500/1,000/2,000/3,000 per month
• Tenure of DPS: 6 months or 1/2/3/4 years
• The current annual interest rate of DPS will be determined by IDLC Finance Limited
• As per prevailing laws of the land, AIT and Excise duty will be applied

How to open a DPS from the bKash App

• Tap on Savings from bKash App home screen
• Tap Open New Savings from the Savings Dashboard
• Select “DPS” from Savings Type
• Select DPS purpose and tap Confirm
• Select Tenure (6 months or 1/2/3/4 years), DPS Type (weekly or monthly) and tap Proceed
• Select Deposit Amount (Tk.250/500/1,000/2,000/5,000 weekly or, Tk. 500/1,000/2,000/3,000 monthly) and tap Proceed
• Select IDLC and see the total deposit amount
• Enter Nominee-related information and tap Proceed
• After reviewing DPS Summary, tap Confirm
• Tap Accept after reviewing DPS Terms & Conditions
• Enter your PIN on the PIN Screen
• Tap and hold to start DPS
• You will get a confirmation from both IDLC and bKash on the next screen if the request submission is successful

Now you have successfully opened your DPS digitally. Keep sufficient balance in your bKash Account on the specific date of every week/month. After the full term of your DPS, the total deposit with profit will be disbursed in your bKash Account and Cash Out without any charge!

You must know the following issues related to DPS

• You can open multiple DPSs from your bKash App
• You can change the nominee information if needed
• There is no hidden/additional charge for DPS from bKash / IDLC Finance Limited.
• Upon completing a DPS to maturity and having DPS maturity amount disbursed into the bKash user’s account, if the bKash user fully or partially cashes out DPS maturity amount the corresponding cash out fee borne by the user will be offset by bKash.
• According to Bangladesh Bank regulation, it’s not possible to cancel a DPS with IDLC Finance Limited before the completion of 3 months. However, you can request for early encashment any time after completing 3 months
• bKash shall not be responsible if anyone using your PIN, Verification Code and other information fraudulently cancels the DPS facility through this platform.
• If you want to close your DPS before the maturity date, you may not receive the full interest as per your chosen DPS. For more information, related to forgone interest income and other charges (if any) please see DPS Provider’s/ Financial Institution’s T&C.  
• If you do not have sufficient funds in your bKash Account or your account is not in active status at the time of attempted debit transaction, the transaction will fail and bKash will retry to debit your account on the following three (for weekly) / seven (for monthly) consecutive days. If the debit transaction fails due to insufficient balance or account status, you may not be entitled to potential interest earnings from DPS Provider/ Financial Institution for that specific day. If the debit transaction fails at the last attempt it will be considered as a missed instalment and you will not be entitled to potential interest earnings from DPS Provider/ Financial Institution related to the relevant deposit amount.
• The interest rate on the savings shall be determined solely by DPS Provider/ Financial Institution.
• bKash reserves the right to change or amend any of the terms & conditions mentioned above at any time without prior notice to bKash Customer.