Dhaka, July 14 -- In a move to strengthen the implementation of the Universal Pension Scheme, the National Pension Authority (NPA) on Monday signed a Memorandum of Understanding (MoU) with 17 private banks, aiming to streamline registration, contribution collection, and API (Application Programming Interface) integration for the system.

Speaking as the chief guest at the signing ceremony Secretary, Finance Division Dr. Md. Khairuzzaman Mozumder urged private banks to extend full cooperation and actively promote the pension scheme to ensure wider public participation.

"The successful execution of the Universal Pension Scheme depends largely on the sincerity and proactive involvement of our banking partners," said Dr. Mozumder.

He called...