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Universal pension scheme to ensure financial security of people

Experts say at a MoU signing ceremony


Published : 02 Feb 2024 09:47 PM

Speakers at an event opined that the universal pension scheme will benefit people of our country and ensure their future financial security. 

They said this will encourage people to start saving for future and develop saving habit.  It will play a vital role in building an inclusive society.

Experts expressed the views at the signing of a  Memorandum of Understanding between BRAC Bank PLC and the National Pension Authority to receive monthly deposits of the government's National Pension Scheme by the bank. Finance Secretary of the government of BangladeshDr. Md. Khairuzzaman Mozumder was the chief guest at the MoU signing ceremony at the Bangladesh Secretariat in Dhaka held on February 1, 2024. Executive Chairman of National Pension Authority Kabirul Izdani Khan and Managing Director& CEO of BRAC Bank PLC Selim RF Hussain signed the MoU on behalf of their respective organizations. Additional Secretary of the Ministry of FinanceSulekha Rani Basu, Member of the National Pension Authority Md. Golam Mostafa,Deputy Managing Director & Head of Corporate Banking of BRAC BankTareq Refat Ullah Khan, and other senior officials were present during the MoU signing ceremony.

Commenting on this agreement with the National Pension Authority, Selim R. F. Hussain said, “We are really thankful to the Ministry of Finance and the National Pension Authority for partnering BRAC Bank with the National Pension Scheme. This universal pension scheme will benefit people of our country and ensure their future financial security".

He said this will encourage people to start saving for future and develop saving habit. It will play a vital role in building an inclusive society.” 

“With the help of BRAC Bank's advanced technology and seamless systems, customers will be able to make their monthly payments easily and conveniently.  For this, we will soon establish API connectivity with the National Pension Authority. We will be working with the government to take the pension scheme to the doorsteps ofpeople of the country,” he added.