CDBL vs uPension

Central Depository Bangladesh Limited (CDBL) was incorporated on 20 th August 2000 sponsored by the country's Nationalized Commercial Banks (NCBs), Investment Corporation of Bangladesh (ICB), Private Commercial Banks (PCBs), Foreign Banks, Merchant Banks, Publicly listed Companies, Insurance Companies and Dhaka & Chittagong Stock Exchanges with the collaboration of the Asian Development Bank (ADB). Legal basis for CDBL's operations is set out in the Depositories Act 1999, Depositories Regulations 2000, Depository (User) Regulations 2003, and the CDBL by-laws. CDBL's core services cover the efficient delivery, settlement and transfer of securities through computerized book entry system i.e. recording and maintaining securities accounts and registering transfer of securities; changing the ownership without any physical movement or endorsement of certificates and execution of transfer instruments. The Central Depository System (CDS) operated by CDBL has proved to be a convenient and reliable means to settle securities transaction. The investor has been freed from the hassles of physical handling of certificates, errors in paper work and the risks associated with damaged, lost and forged certificates. Live operations of the CDS commenced with the inauguration of the Electronic Government Securities Registry (EGSR) by the Governor of Bangladesh Bank on 20 th October 2003. The EGSR also serves as a platform for secondary market sale/purchase as well as Repo transactions of government securities to commercial banks linked online to the CDS. Equity market securities de materialization process i.e. eliminating physical certificate as record of security ownership by substituting it as an electronic book entry record in the CDS commenced on 24 th January 2004 with the entry of Square Pharmaceuticals Limited into the CDS. CDBL has achieved an ISO/IEC 27001:2013 certificate on Information Security Management System conforming to the specifications of ISO/IEC 27001:2013 and the best practices adopted in ISO/IEC 27002:2013.

The Universal Pension Scheme (UPS) app, introduced by the Government of Bangladesh, is a secure and user-friendly platform that enables citizens to enroll in and manage their pension plans with ease and transparency. Whether you're a private-sector worker, self-employed professional, or from the informal sector, this app puts your retirement planning at your fingertips. Key Features: Easy Registration Sign up seamlessly with your NID and mobile number to start your pension journey. Multiple Pension Plans Choose from various schemes designed to suit different income levels and employment types. Secure Online Payments Pay your monthly contributions through trusted digital payment channels Real-time dashboard Track your contributions, view your pension balance, and monitor your account history in real-time. Automated Notifications Receive alerts for due payments, policy updates, and pension milestones. Government Backed Your savings are safe and guaranteed by the Government of Bangladesh. Who Can Use It? Private-sector employees Self-employed individuals Migrant workers Farmers and rural workers Anyone seeking a secure retirement plan Your Data is Safe We use state-of-the-art encryption and follow strict data protection policies to ensure your personal and financial information is fully secure.