NRB Bank joins national pension scheme to boost inclusion

The National Pension Authority (NPA) and NRB Bank PLC have signed a Memorandum of Understanding (MoU) to strengthen and expand the implementation of the Universal Pension Scheme (UPS) in Bangladesh.

The signing ceremony took place on Monday in the conference room of the Finance Division, Ministry of Finance. Dr Khairuzzaman Mozumder, Secretary of the Finance Division, attended the event as the chief guest. The ceremony was presided over by Mr Mohiuddin Khan, Executive Chairman of the National Pension Authority.

Under the agreement, NRB Bank will act as a partner in facilitating seamless enrolment and instalment collection across the bank's service channels. Mr Tarek Reaz Khan, Managing Director & CEO of NRB Bank PLC, signed the MoU on behalf of the bank.

The Universal Pension Scheme, operated by the NPA, currently includes four tailored programmes — Probas, Pragati, Suraksha and Samata — designed to serve different segments of society, including expatriates, private sector employees, the self-employed, and low-income groups.

Each participant is assigned a unique Pension ID, allowing real-time monitoring of contributions and returns. Beyond post-retirement financial security, the scheme offers a suite of benefits including tax concessions, loan eligibility, and government co-contributions for underprivileged enrollees.

This partnership marks another critical step in advancing Bangladesh's inclusive financial infrastructure and expanding the reach of long-term social protection.