BRAC Bank PLC has signed a Memorandum of Understanding (MoU) with the National Pension Authority to receive monthly deposits of the government's National Pension Scheme.
Kabirul Izdani Khan, executive chairman of National Pension Authority, and Selim RF Hussain, managing director and CEO of BRAC Bank, signed the MoU on behalf of their respective organisations at the Secretariat in the capital on Thursday. Md Khairuzzaman Mozumder, finance secretary,  was the chief guest at the MoU signing ceremony.
Additional Secretary of the Ministry of Finance Sulekha Rani Basu, Member of the National Pension Authority Md Golam Mostafa, Deputy Managing Director and Head of Corporate Banking of BRAC Bank Tareq Refat Ullah Khan, and other senior officials were present during the MoU signing ceremony.  
“We are really thankful to the Ministry of Finance and the National Pension Authority for partnering BRAC Bank with the National Pension Scheme. This universal pension scheme will benefit people of our country and ensure their future financial security,” said Selim RF Hussain.
“This will encourage people to start saving for future and develop saving habit. It will play a vital role in building an inclusive society,” he said.
“With the help of BRAC Bank's advanced technology and seamless systems, customers will be able to make their monthly payments easily and conveniently. For this, we will soon establish API connectivity with the National Pension Authority. We will be working with the government to take the pension scheme to the doorsteps of people of the country,” he added.