The introduction of the Deposit Protection Scheme (DPS) in bKash (2025) could lead to additional costs for users, but the exact pricing is not yet confirmed. However, we can estimate based on existing models:
DPS Is Introduced In BKash 2025:
Possible Cost Structure for DPS in bKash (2025):
Monthly Fee:
Estimated ৳5–৳20 per month (similar to bank DPS schemes).
May vary based on deposit amount.
Percentage-Based Fee:
Around 0.1%–0.5% per year of the deposited amount (if applied).
Government/Regulatory Influence:
Bangladesh Bank may subsidize or fix costs to promote digital savings.
Factors Affecting Cost:
Deposit Amount (higher deposits may have proportional fees).
Tenure (longer commitments could reduce fees).
bKash & Government Policies (promotional discounts or waivers).
Comparison with Traditional DPS:
Banks: Charge ৳50–৳500/month depending on the scheme.
bKash: Likely to be cheaper (৳5–৳20/month) due to digital efficiency.
Final Estimate (2025):
Minimum: ৳5–৳10/month (for small deposits).
Maximum: ৳50–৳100/month (for large savings).
What is Islamic DPS in bKash:
In bKash, Islamic DPS (Deposit Pension Scheme) is a Sharia-compliant savings product designed for customers who want to save money in accordance with Islamic principles (avoiding interest or riba).
Key Features of Islamic DPS in bKash:
Sharia-Compliant Savings – Operates under Islamic finance rules, ensuring no interest (riba) is involved.
Flexible Tenure – Customers can choose savings periods (e.g., 5, 10, or 15 years).
Monthly Savings – Contribute a fixed amount every month (e.g., BDT 500, 1,000, etc.).
Lump-Sum Payout – At maturity, the customer receives the total savings plus profits.
Premature Withdrawal – Some flexibility exists for early withdrawal under specific conditions.
How to Open an Islamic DPS in bKash?
Dial #247# from your bKash-registered mobile number.
Select "Islamic DPS" from the menu.
Follow the instructions to choose a plan and start saving.
What is Islamic DPS:
In Islamic finance, "DPS" can refer to Deposit Products based on Shariah-compliant principles, such as Islamic savings accounts, current accounts, or term deposits. These products avoid riba (interest) and instead operate under profit-sharing (Mudarabah), fee-based (Wakalah), or leasing (Ijara) models.
Key Features of Islamic DPS (Deposit Products & Services):
No Interest (Riba-Free) – Conventional interest is prohibited; returns are based on profit-sharing or service fees.
Shariah-Compliant Contracts – Uses contracts like:
Mudarabah (Profit-sharing between bank and depositor)
Wadiah (Safekeeping with optional hibah [gift] from the bank)
Qard Hasan (Interest-free loan, if applicable)
Ethical Investments – Funds are only invested in halal businesses (no alcohol, gambling, etc.).
Regulated by Shariah Boards – Supervised by Islamic scholars to ensure compliance.
Examples of Islamic DPS:
Islamic Savings Account (e.g., Mudarabah Savings)
Islamic Current Account (e.g., Wadiah-based account)
Islamic Fixed Deposit (e.g., Mudarabah Term Deposit)
Difference from Conventional DPS:
Feature Islamic DPS Conventional DPS
Returns Profit-sharing (Halal) Fixed interest (Riba)
Contract Shariah-compliant (e.g., Mudarabah) Debt-based (Interest-bearing)
Usage Only halal investments No restrictions
