Midland Bank strikes MoU with NPA to facilitate pension scheme

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

Md Mahiuddin Khan, executive chairman of the NPA, and Md Ahsan-uz Zaman, managing director and CEO of the bank, signed the MoU at the conference room of the Finance Division at the Ministry of Finance in the capital recently, according to a press release.

Md Khairuzzaman Mozumder, secretary to the finance ministry, attended the ceremony as the chief guest.

Under the agreement, Midland Bank will facilitate customer registration and the collection of contributions for all active pension schemes such as Progoti, Surakkha, Somota, and Probash.

Customers will also have the convenience of registering and making contributions via the bank's designated mobile application.

Senior officials from the Finance Division, the NPA, and the bank were also present.