IPDC Finance Limited, the first-ever private financial institution in Bangladesh, has recently launched "IPDC Manobota", a deposit product, to help people save money and at the same time provide food for the underprivileged people against the deposited amount during the Covid-19 pandemic.
For each one lakh taka deposited in an "IPDC Manobota" account, an impoverished family will be provided with food for an entire month by the joint contribution of the depositor and the IPDC, said a press release from the financial institution on Saturday.
The IPDC launched the product to provide assistance to the poor people who are going through a tough time due to the novel coronavirus breakout in Bangladesh. Impoverished people in the society are affected worst in this crisis.
Moreover, as food and other products are comparatively less affordable for them during the holy month of Ramadan, thousands of people are compelled to live on a very insignificant amount of food every day. The IPDC launched the deposit product to help these people, said the press release.
Through this offer, the institution is encouraging everyone to stand beside the deprived people while saving their money in the account. Deposits can be made by both an individual and an organisation.