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BB asks financial institutions to take part in pension scheme

Published : Monday, 19 February, 2024 at 8:56 PM  Count : 560

BB asks financial institutions to take part in pension scheme

BB asks financial institutions to take part in pension scheme


Bangladesh Bank (BB) has instructed officers and employees of non-banking financial institutions to ensure the participation in the Universal Pension Scheme.

Department of Financial Institutions and Markets (DFIM) of the central bank on Monday sent the instruction to the chief executives of all financial institutions in this regard.
Earlier on February 8, Banking Regulations and Policy department sent the instruction to the chief executives of all banks.

With a view to bringing the people, especially the elderly, of the country under a sustainable and well-organised social security system, the government enacted the Universal Pension Management Act, 2023, and the Universal Pension Scheme Rules, 2023.

EM






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