Grow your savings with FDR (Fixed Deposit) on the bKash App

You can invest a onetime amount securely with a partner bank/ financial institution and earn profit on your savings without visiting a branch or completing paperwork with the new FDR (Fixed Deposit) service in the bKash App.

Starting from BDT 10,000, you can open an FDR digitally in just a few minutes through the Savings section of the bKash App. Simply choose your preferred tenure, complete the process with your bKash PIN and start growing your money safely from wherever you are.

What is a FDR (Fixed Deposit)?
FDR (Fixed Deposit) is a savings product where you deposit a one-time amount with a bank/ financial institution for a fixed tenure. During this period, your money earns profit at the applicable rate. At maturity, you receive your original deposit along with the earned profit.

Unlike a DPS, where you deposit money regularly every week or month, an FDR requires only a single deposit at the beginning of the investment period. 

When should you consider opening an FDR?
If you have an amount of money in hand and do not need that immediately, an FDR can help your money grow over time. Consider opening an FDR if you are:

* Wanting your idle money to earn profit instead of remaining unused
* Keeping surplus business funds safely invested
* Saving for your child’s education
* Planning a future purchase such as home renovation
* Building an emergency fund

Why choose FDR in the bKash App?
Opening an FDR through the bKash App offers a simple, secure and fully digital experience
* Open an FDR anytime from anywhere, 24/7

* No paperwork required
* No need to visit a bank branch
* Start from BDT 10,000 to BDT 1,00,000
* Choose between 6-month and 12-month tenures
* Securely invest with partner banks/ Financial institutions
* Track your FDR conveniently through the bKash App
* Receive your profit periodically

How to open an FDR in the bKash App?
Opening an FDR takes only a few simple steps:
1. Open the bKash App and tap Savings.
2. Tap Open New Savings
3. Select FDR (Fixed Deposit)
4. Choose your preferred tenure (6 months or 12 months)
5. Enter your desired deposit amount (minimum BDT 10,000)
6. Select interest earning option
7. Select your preferred partner bank/ Financial institution 
8. Select Auto Renew (Optional)
9. Enter nominee information
10. Review the FDR details carefully
11. Enter your bKash PIN
12. Tap and hold to confirm your request.
13. Your FDR request will be successfully submitted, and you will receive
confirmation in the app.