United Commercial Bank (UCB) PLC and Bangladesh Bank have signed an agreement on September 20, 2021, to collect Treasury Challan through Automated Challan System (ACS).
Managing Director of UCB Mr. Mohammed Shawkat Jamil and General Manager of Bangladesh Bank Mr. Forkan Hossain signed the agreement on behalf of their respected organizations.
Deputy Governor of Bangladesh Bank Mr. Ahmed Jamal was present at the ceremony as Chief Guest.
Nurun Nahar, Executive Director, Bangladesh Bank, Mr. Mohammed Habibur Rahman, Deputy Managing Director of UCB, and other senior officials of both the organizations were also present during the signing ceremony.
Under this agreement, soon all branches of UCB will be able to collect payments of various government fees and revenues in real-time and submit to the government treasury efficiently.
This system will also enable real-time verification of challans which will ensure the authenticity of the challans as well as timely submission of revenues to the government treasury. ♦
