AB Bank has introduced the Automated Challan System (ACS), an initiative of the Ministry of Finance and Bangladesh Bank.
Deputy Governor of Bangladesh Bank Ahmed Jamal and President and Managing Director of AB Bank Tarique Afzal inaugurated the service, said a press release.Dr. Mohammad Hossain, Deputy Secretary, Ministry of Finance and Senior Management of the Bank were also present during the inauguration.
The Automated Challan System will enable fast and secure deposit of VAT, Tax, Govt. fees etc. This new system will reduce time and the possibility of fraud.
Under ACS, treasury invoices can be deposited through cash or through cheque at any AB Bank branches or through on-line.