In just one month since its launch on August 17, the universal pension scheme in Bangladesh has garnered significant interest, with 12,970 individuals registering to participate. The National Pension Authority (NPA) views this response as positive and plans to enhance public awareness efforts, targeting both urban and rural areas.
An official from the Ministry of Finance and a member of NPA highlighted that people are voluntarily enrolling in the program, demonstrating strong enthusiasm. They emphasized that participants register based on their financial capacity and take the time to comprehend the scheme before making contributions.
Notably, the scheme operates digitally, minimizing the risk of potential hassles when claiming pension benefits upon maturity. The universal pension system offers varying pension amounts based on the deposit size, incentivizing higher contributions. Additionally, low-income individuals who deposit Tk500 monthly will receive an initial Tk500 subsidy from the government, ensuring inclusivity and potential multifold profits at the end of the term in all scheme categories.
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