Southeast Bank introduces loan installment, DPS payments via Nagad

Customers can now pay savings and loan installments of Southeast Bank PLC through Nagad, the digital financial service provider of Bangladesh Postal Department. This initiative was launched recently at an event held at the head office of Southeast Bank. Using the Nagad app or by dialing the USSD code *167#, Nagad users can instantly deposit money into bank accounts, pay DPS installments, and repay loan installments. To complete the process, users need to select "Bill Pay" on the Nagad app, then choose 'Bank' followed by 'Southeast Bank'. After entering their account number, the transaction will be completed. A 1% service charge will apply for every Tk 1,000 transacted. The event was attended by Muhammad Badiuzzaman Didar, Administrator, Nagad; Nuruddin Md. Sadeque Hossain, Managing Director, Southeast Bank; Shihab Uddin Chowdhury, Deputy Managing Director, Nagad; and other senior officials from both organisations.