STAR BUSINESS DESK

BRAC Bank yesterday signed a memorandum of understanding (MoU) with the National Pension Authority (NPA) to receive monthly deposits of the government’s National Pension Scheme.

Kabirul Izdani Khan, executive chairman of the NPA, and Selim RF Hussain, managing director and CEO of the bank, inked the MoU at the Bangladesh Secretariat in Dhaka, said a press release.

Commenting on this agreement with the NPA, Hussain said, “This universal pension scheme will benefit people of our country and ensure their future financial security. This will encourage people to start saving for the future and develop a savings habit.”

“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 of people of the country,” he added.