Business Desk :
In a move to strengthen the implementation of the Universal Pension Scheme (UPS), the National Pension Authority (NPA) on Monday signed a Memorandum of Understanding (MoU) with 17 private banks, aiming to streamline registration, contribution collection, and API (Application Programming Interface) integration for the system.
Speaking as the chief guest at the signing ceremony Secretary, Finance Division Dr. Md. Khairuzzaman Mozumder urged private banks to extend full cooperation and actively promote the pension scheme to ensure wider public participation.
“The successful execution of the Universal Pension Scheme depends largely on the sincerity and proactive involvement of our banking partners,” said Dr. Mozumder. He called on the banks to motivate their customers to register and contribute under the scheme to build a financially secure future, reports UNB. The event, held at the conference room of the Finance Division was presided over by Md. Mahiuddin Khan, Executive Chairman of the National Pension Authority (NPA), and attended by Managing Directors of the participating banks, including Bank Asia PLC, Bangladesh Commerce Bank Limited, Bangladesh Development Bank PLC, BASIC Bank Limited, Bengal Commercial Bank PLC, Dhaka Bank PLC, EXIM Bank PLC, Jamuna Bank PLC, Meghna Bank PLC, Mercantile Bank PLC, NRB Bank PLC, NRBC Bank PLC, SBAC Bank PLC, Standard Bank PLC, Shimanto Bank PLC, Social Islami Bank PLC, and United Commercial Bank PLC.
