Clicky
Business

Deal inked with seven banks to bring dynamism in UPS


Published : 03 Jul 2024 10:20 PM

With the objective to bring about dynamism in the activities of universal pension scheme, the National Pension Authority (NPA) on Wednesday signed Memorandum of Understanding with a total of seven commercial banks in a cermony at the conference room, Finance Division of the Ministry of Finance.

The banks are Bangladesh Krishi Bank (BKB), Janata Bank PLC, Rajshahi Krishi Unnayan Bank (RAKUB), Prime Bank PLC, Dutch Bangla Bank PLC, Eastern Bank PLC and Mutual Trust Bank PLC.

Finance Secretary Dr. Khaerujjaman Majumder attended the signing ceremony as the chief guest.   

CEO and Managing Directors of all the seven banks and Executive Chairman of national Pension Authority signed the MoUs on behalf of the respective rganisations while in presence of Senior Secretary, Finance Division while high officials of national pension authority and senior offials of the banks were present on the occasion.

Through the MoU the banks will collect subscriptions from thouse who have regietered also will assist in registration in different schemes pension schmes. Any registered pensioners will be able to deposit their subscription at any counters of these seven banks. They will also be able to pay subscription online by using the apps of the certain banks.  The bank branches will act as the front office of National Pension Scheme. Officials concerned said the initiative has been taken aiming to facilitate the deposit of subscription to the pension scheme. Earlier Sonali Bank PLC, Agrani Bank PLC, BRAC Bank PLC and City Bank PLC had signed Memorandum of Understandings with the Pension Authority.  They said more than Tk. one crore has been deposited by about 3,5 lakhs of persons who have registered in different schemes of Universal Pension Scheme like ‘Probash’, ‘Progoti’, ‘Surokkha’ and ‘Samata’. Already an amount of Tl 92 crore 68 lakhs, deposited to the national pension scheme, has been invested through the government treasury bond.