Southeast Bank, Banani Bidyaniketan sign deal for education finance solution

Southeast Bank PLC has signed a memorandum of understanding (MoU) with Banani Bidyaniketan School and College to provide an integrated education finance and management platform aimed at streamlining fee collection and school banking services.

The MoU was signed recently at the bank’s head office in Dhaka, according to a press release.

Under the agreement, the bank will deploy its Total Education Management Solution, branded as SoutheastEduFin, an advanced education management system designed to create a more efficient and digital payment ecosystem for the institution, students and guardians.

Md Khalid Mahmood Khan, managing director of Southeast Bank, and Md Mashiur Rahman, principal of Banani Bidyaniketan School and College, represented their respective organisations at the signing ceremony.

Deputy managing directors Mohammed Rashedul Amin and Md Sekander-E-Azam, along with senior officials from both sides, were also present.

As part of the partnership, Southeast Bank will offer a comprehensive suite of digital financial solutions to the educational institution.

SoutheastEduFin will cover core administrative and academic functions, including tuition fee management, attendance tracking, grade management, payroll processing and structured communication among teachers, students and parents.

The system will allow tuition fees to be paid through multiple channels, such as the bank’s branches and sub-branches, internet banking, mobile applications, mobile financial services and other integrated digital platforms, reducing manual processes and improving payment efficiency.

In addition, the bank will extend its school banking initiative, Taroka, to students of Banani Bidyaniketan School and College.

The programme offers student savings accounts with low initial deposits, no maintenance charges and competitive interest rates, with the aim of encouraging savings habits and improving financial literacy from an early age.