Universal Pension Scheme in Bangladesh [Pension new System]

The Universal Pension Scheme in Bangladesh is going to have a massive impact on the financial state of the people of this country. It will encourage savings to the mass, and it’s a great decision on behalf of the Government of Bangladesh.

Below, we cover everything you need to know about the universal pension scheme in detail. So, make sure to read through the end to find out everything about it.

Universal Pension Scheme in Bangladesh

After waiting for so many years, the Universal Pension Scheme is finally announced for the people of Bangladesh. It’ll make life so much easier as people won’t have to rely on third-party schemes, which are not reliable at all.

However, there are some rules and regulations of this universal pension scheme that you should know. That’ll help you make the best out of this amazing scheme. Let’s check out a few facts that you should definitely know about it.

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When to start saving the pension 18 to 60 years
Age of receiving the pension 60 Year
Monthly payment for saving 1000 Taka
Monthly pension 60000 Taka
Method of paying On the Bank
How to get started Open a pension account

Who Are Eligible for Universal Pension Scheme

People who are aged from 18 to 60 and are a citizen of Bangladesh are eligible for the universal pension scheme. That means anyone of this age group can take the required documents to the bank and open a universal pension account for himself. It can’t get more convenient than this.

However, there is one category that can’t get it, which we talk about in detail in the upcoming segment. So, check it out at the end of this article.

How to Open Universal Pension Account 

Opening a universal pension account is pretty simple, and everyone can do it without facing any trouble. All one has to do is take the required documents and money to the nearest bank, and they will guide you through the entire process. It’s as simple as that.

However, you must have all the right documents in your hand if you want to open the account successfully. But what is the required paperwork for that case? Let’s check out all the documents you need to take to the bank if you want to open a universal pension account in Bangladesh.

When Will Get Pension 

After saving at least 100 Bangladesh taka for at least 10 years in the universal pension account, you can get money from the account on a monthly basis. Also, take note that the person will receive the pension after he’s 60 years old.

So, if you save 1000 taka per month from the age of 18, you’ll get 64,776 takas in return on a monthly basis. That’s when you turn 60 years old and only then you’ll start receiving the pension money.

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Who Will Not Get Universal Pension Scheme

Now that we talked about who is eligible for the universal pension scheme and the time of when they’ll get the pension, it’s vital to talk about that is not eligible for it. There’s only one category that will not get the universal pension scheme in this country.

If you are a Government employee of Bangladesh, you can’t get the universal pension scheme. That’s the rule of this scheme, and everyone else besides a Govt. employee is eligible for the scheme.


We just covered a lot of information about the universal pension scheme in our country. Hopefully, that answered all of the questions you had in your mind.


Yasin Rahman is a commentator, eSports expert and pundit on The FPL Zone podcast. A former professional Call of Duty player, Yasin is a passionate Wigan Athletic and Essex supporter with a love for all things football and cricket.
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