Rupali Bank Limited on Monday launched the automated challan system for easy submission of revenue and various service fees to the government treasury.
Through introducing the service, the state-owned bank has joined the treasury activities of the government, said a press release.
Rupali Bank Managing Director and Chief Executive Officer (CEO) Mohammad Obaid Ullah Al Masud, finance ministry Deputy Secretary Abul Bashar Mohammad Amir Uddin and Bangladesh Bank Joint Director AKM Mukhlesur Rahman inaugurated the service at the bank's Dilkusha head office in the city.
At the programme, the Bangladesh Bank joint director said, "Both the government and the people will benefit from the launch of Rupali Bank's treasury activities."
Deputy Secretary Amir Uddin said as per the Banking Companies Act-1972, Sonali Bank was the only treasury bank in the country. "In an attempt to improve revenue management, some changes were made to the law to include other banks as treasury banks. As part of these activities, Rupali Bank Limited became the treasury bank of the government."
Rupali Bank Managing Director Obaid Ullah said the bank had entered a new era by joining the treasury management.
Though Sonali Bank and Agrani Bank started operations earlier, Rupali Bank will go to the top soon, he hoped.