The Offer in Brief:
Start saving with Shariah-based Islamic savings from The City Bank Limited from the comfort of your home without any paperwork hassles.
Under this scheme, the monthly deposit will be automatically deducted from your bKash account and deposited in City Bank City Islamic and you will get the total amount with profit in your bKash account at the time of maturity.
You can also withdraw the amount due without any withdrawal costs!
Details of the Islamic Savings scheme of The City Bank Limited
- Deposit Amount: BDT 500/1,000/2,000/3,000 per month
- Term of Savings Scheme: 2/3/4 years
- Profit Rate: to be determined by The City Bank Limited after month end.
- As per prevailing laws of the land, AIT and Excise duty will be applied
For DPS rate Click here
How to Open Account:
- Tap on Savings from the bKash App home screen
- From Savings Dashboard, tap Open New Savings/Update Your Information
- Select Islamic Savings
- If you have an e-TIN, please provide its information
- Select Term (2/3/4 years), Deposit Frequency (monthly) and tap Proceed
- Select Deposit Amount (BDT 500/1000/2000/3000) and tap Proceed
- Select Scheme from Suggested Scheme list
- Enter Nominee-related information and tap Proceed
- Select Savings purpose and tap Confirm
- After reviewing Savings Summary, tap Confirm
- Tap Accept after reviewing Scheme Terms & Conditions
- Enter your PIN on the PIN Screen
- Tap and hold to start Savings
- You will get request submission confirmation in the next screen
- Now you have successfully opened your Islamic Savings scheme digitally. Keep sufficient balance in your bKash Account on the specific date of every month and Cash Out the total amount with profit at maturity without any cost!
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