Citizens Bank strikes deal with National Pension Authority

Citizens Bank PLC has recently signed a memorandum of understanding (MoU) with the National Pension Authority to support the implementation of the government's Universal Pension Scheme.

Alamgir Hossain, managing director of Citizens Bank PLC, and Md Mohiuddin Khan, executive chairman of the National Pension Authority, signed the MoU at the Finance Division of the Ministry of Finance in Dhaka, according to a press release.

Under the MoU, Citizens Bank will facilitate customer registration and monthly subscription collection for all active pension schemes -- Progati, Surakkha, Somota, and Probash.

Customers will also be able to register and make contributions to the pension schemes conveniently through Citizens Bank's branches, sub-branches, and alternative delivery channels.

Md Khairuzzaman Mozumder, secretary to the Finance Division at the Ministry of Finance, along with senior officials of the Finance Division, the National Pension Authority, and Citizens Bank, was also present.