National Pension Authority (NPA) has signed a memorandum of understanding with 7 banks to reach more people and speed up the implementation of universal pension scheme.
These seven banks include - Bangladesh Agricultural Bank, Janata Bank, Rajshahi Krishi Unnayan Bank, Prime Bank, Dutch-Bangla Bank, Eastern Bank and Mutual Trust Bank.
The MoU was signed in the conference room of the finance division on Wednesday at Bangladesh secretariat. Finance Secretary Dr Khairuzzaman Majumdar was the chief guest at the event.
Managing Director and CEO of the 7 banks along with Additional Secretary of Finance Division, senior officials of Pension Authority and senior officials of concerned banks were present on the occasion.
The Executive Chairman of the National Pension Authority and Managing Directors and CEOs of the respective banks signed the MoU.
Through the signing of the MoU, 7 banks will accept registration subscriptions along with providing assistance in registration to people in various schemes of Universal Pension Scheme. Any registrant can submit the subscription at any of the 7 bank branch counters.
Besides, the branch managers will provide assistance to the bank customers for registration in the universal pension scheme. Customers can also register and pay online using Banks designated app.
The branches of the banks will act as the front office of the National Pension Authority. This initiative has been taken to facilitate the subscription of the public pension scheme.
The Universal Pension Scheme comprising Migration, Progress, Protection and Equality heads currently has a total enrollment of around 3.5 lakhs and a total deposit of more than Tk 100 crore. Of this Tk 92.68 crore have been invested in government treasury bonds.
