Dhaka, July 15 -- United Commercial Bank PLC (UCB) has signed a Memorandum of Understanding (MoU) with the National Pension Authority (NPA), marking a significant step toward expanding the accessibility and efficiency of the Universal Pension Scheme (UPS) in Bangladesh.

Under this strategic partnership, UCB will act as a Banking Service Provider for the scheme, enabling seamless collection of pension instalments through a comprehensive network of secure banking channels, according to a press release.

These include UCB's own exchange house, partner exchange houses, branches, sub-branches, agent banking outlets, retail and corporate internet banking platforms, and other authorised channels.

The MoU was formally signed by Mr. Md. Mahiuddi...