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12 Banks Sign MoU with Pension Authority

Greenwatch Desk Economy 2025-05-15, 8:13pm

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The National Pension Authority (NPA) on Thursday signed a memorandum of understanding (MoU) with 12 banks to facilitate registration and contribution collection under the Universal Pension Schemes.


This brings the total number of banks partnering with the NPA to 24, as 12 banks had previously signed similar agreements.

Executive Chairman of the National Pension Authority Md. Mahiyuddin Khan was present at the meeting.

Finance Secretary Dr. Md. Khairuzzaman Mozumder attended the event as the chief guest.

The 12 banks are-AB Bank, Al-Arafah Islami Bank, Islami Bank, IFIC Bank, Midland Bank, Modhumoti Bank,National Bank, NCC Bank, ONE Bank, Premier Bank, Southeast Bank and Trust Bank.

The NPA has announced plans to gradually sign MoUs with all domestically-owned banks to ensure widespread access and seamless contribution collection for all citizens under the Universal Pension Schemes, reports UNB.