Southeast Bank PLC signed a Memorandum of Understanding (MoU) with "Pragati Life Insurance Ltd" recently at the bank's Head Office in Dhaka recently for providing Payroll Banking Service, Collection Service, Payment Service, and other Banking Services, says a press release. Nuruddin Md Sadeque Hossain, Managing Director of Southeast Bank PLC, and Md. Jalalul Azim, Managing Director and CEO of Pragati Life exchanged the agreement for their respective organizations.
Under this agreement, employees and executives of Pragati Life will get their salaries and other benefits through the SEBPLC Payroll Banking Service. Pragati Life will also be able to collect their Insurance Premiums through the wide range of delivery channels of Southeast Bank PLC. and make Insurance Claim payments and any kind of fund transfer through the Corporate Payment Module (CPM) System from their workstation.
Abidur Rahman Chowdhury, Deputy Managing Director of Southeast Bank PLC., and other senior officials of both organizations were also present at the ceremony.
