UCB inks agreement with BB

United Commercial Bank signed an agreement with the Bangladesh Bank on Monday to collect treasury challan through automated challan system.

Managing Director of UCB Mohammed Shawkat Jamil and General Manager of Bangladesh Bank Forkan Hossain signed the agreement on behalf of their respected organizations, said a media release.

Deputy Governor of Bangladesh Bank Ahmed Jamal was present at the ceremony as chief guest while Nurun Nahar, Executive Director, Bangladesh Bank, Mohammed Habibur Rahman, Deputy Managing Director of UCB and other senior officials of both the organizations were also present.

Under the agreement, soon all branches of UCB will be able to collect payments of various government fees and revenues in real-time and submit to government treasury efficiently. This system will also enable real-time verification of challans which will ensure authenticity of the challans as well as timely submission of revenues to government treasury, said the release.