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Prime Bank PLC has signed a Memorandum of Understanding (MoU) with the National Pension Authority (NPA) recently (July 3).
Kabirul Ezdani Khan, Executive Chairman of the National Pension Authority, and Hassan O Rashid, Chief Executive Officer (CEO), signed the MoU on behalf of their respective organisations, according to a press release.
The MoU would enable Prime Bank PLC to collect monthly installments from pension scheme holders under the Universal Pension Scheme through digital and physical means.
Dr Md Khairuzzaman Mozumder, secretary, Finance Division, Ministry of Finance, was the chief guest on the occasion.
Senior officials of the National Pension Authority and Prime Bank were also present, the release adds.