Southeast Bank signs MoU with National Pension Authority

Southeast Bank PLC has signed a Memorandum of Understanding (MoU) with the National Pension Authority (NPA) to facilitate the collection of monthly contributions under the Universal Pension Scheme (UPS).

The agreement was signed at a ceremony held at the Conference Room of the Finance Department, Ministry of Finance, Dhaka, on May 15, 2025.

This strategic partnership enables Southeast Bank PLC to collect pension instalments from scheme holders through both digital and physical channels of the bank, significantly enhancing accessibility and convenience for citizens across Bangladesh, according to a press release.

The initiative supports the government’s vision of building an inclusive, transparent, and sustainable pension system for all.

The MoU was formally exchanged between Mr. Abidur Rahman Chowdhury, Managing Director (Current Charge) of Southeast Bank PLC, and Mr. Md Mohiuddin Khan, Executive Chairman of the National Pension Authority, on behalf of their respective organisations.

The event was graced by Dr. Md Khairuzzaman Mozumder, Secretary of the Finance Division, Ministry of Finance, who attended as the Chief Guest.

During the ceremony, speakers underscored the vital role of digital financial services in expanding the reach and effectiveness of government-led social protection programmes. This collaboration will enable pension scheme holders to make their contributions securely and efficiently through Southeast Bank’s diverse digital platforms and branch network, ensuring greater transparency and operational efficiency.

Southeast Bank PLC reaffirms its commitment to supporting national initiatives that promote financial inclusion and ensure a secure financial future for all citizens of the country.