Nagad offers cashback with profit on universal pension’s instalment payout

Business Desk :

Nagad, a leading mobile financial service provider in Bangladesh, has dangled an amazing offer of cashback with profit on monthly subscriptions that its customers will pay under the government-launched pension scheme through the MFS gateway.

Prime Minister Sheikh Hasina launched the much-awaited “Universal Pension Scheme” virtually from her official residence Ganabhaban on Thursday, with a view to bringing the country’s growing elderly citizens under a sustainable financial security system.

On the very first day of this pension scheme’s rollout, Nagad Limited, which is popular as a people’s service, has come up with a big announcement – the instalments that aspiring pensioners will deposit in the remaining months of this year using Nagad wallet will get cashback with profit at the beginning of the next year.

From the get-go. Nagad, involved in providing financial services in collaboration with the government, will play an active role in popularizing the Universal Pension Scheme.

Talking about such a massive cashback offer on pension subscription payouts, Founder and Managing Director of Nagad Limited Tanvir A Mishuk said: “We are moving towards building Smart Bangladesh. In continuation of it, the government has taken up such a noble initiative for people’s future financial security.

We have always been a supporter of various government welfare initiatives. As part of it, we have decided to pay back the pension instalments deposited through Nagad to our customers in the form of cashback.

This is our small effort so that people can respond to this great initiative and secure their retirement life.”

How to pay subscriptions using Nagad From day one, Nagad has been connected to the system that allows the payout of instalments under the pension scheme instantly in the comfort of people’s homes.