Midland Bank, BB ink deal on ACS

Midland Bank Limited and Bangladesh Bank have signed an agreement to collect Treasury Challan through Automated Challan System (ACS).

Under this agreement, all the branches of Midland Bank will collect passport fees, value-added tax (VAT), corporate and personal income tax, and other government fees, a press release said.  

The Automated Challan System will allow the customers to pay their treasury challans from any branch of Midland Bank Ltd. The system will ensure smooth payment of government revenues in real-time to the government treasury without any hassle. 

The agreement was signed by Forkan Hossain, general manager of Bangladesh Bank, and Md Ahsan-uz Zaman, managing director & CEO of Midland Bank Ltd, in the presence of Ahmed Jamal, honourable deputy governor of BB.  

AKM Mohiuddin Azad, executive director of BB, Md Zahid Hossain, deputy managing director, and Md Ridwanul Haque, EVP, and Head of Retail Distribution of Midland Bank Ltd along with other executives from both institutions attended the signing ceremony.