BASIC Bank signs MoU with National Pension Authority

State-owned BASIC Bank Limited has signed a Memorandum of Understanding (MoU) with the National Pension Authority to enhance and facilitate the activities of the Universal Pension Scheme.

The signing ceremony was held on Monday, 14 July 2025, at the conference room of the Finance Division, according to a press release.

Finance Secretary Dr. Md Khairuzzaman Mozumder graced the occasion as the Chief Guest. The MoU was signed by Md. Mahiuddin Khan, Executive Chairman of the National Pension Authority, and Mr. Md. Quamruzzaman Khan, Managing Director & CEO of BASIC Bank Limited. Senior officials from both institutions were also present.

Under the terms of the MoU, BASIC Bank will assist individuals in enrolling in various Universal Pension Schemes and facilitate the collection of monthly subscription installments through its nationwide branch network. This initiative aims to make participation in the Universal Pension Scheme more accessible and convenient for the general public.