Jamuna Bank PLC has entered into a Memorandum of Understanding (MoU) with the National Pension Authority to support and streamline the collection of contribution installments for the Universal Pension Scheme (UPS). The agreement was signed on July 14, 2025, during a ceremony held at the Finance Division, Ministry of Finance.
Mirza Elias Uddin Ahmed, Managing Director & CEO of Jamuna Bank, and Md Mohiuddin Khan, Executive Chairman of the National Pension Authority, signed the MoU on behalf of their respective organizations. The signing ceremony was attended by Dr. Md Khairuzzaman Mozumder, Secretary of the Finance Division, as the Chief Guest, along with senior officials from both organizations.
This partnership aims to enhance the outreach of the Universal Pension Scheme by leveraging Jamuna Bank’s extensive network, which includes branches, sub-branches, agent outlets, and a digital platform. Under the agreement, Jamuna Bank will facilitate enrollment, collection of contributions, and account management for UPS subscribers.
The strategic collaboration will allow Jamuna Bank to collect pension installments via both digital and physical channels, ensuring greater accessibility for citizens across Bangladesh. This initiative is part of the government’s broader effort to establish a transparent, inclusive, and sustainable pension system for all. The collection services are expected to begin shortly after the MoU’s signing.