AB Bank is the first private sector bank to introduce ACS, an initiative of the Ministry of Finance and Bangladesh Bank.
Honorable Deputy Governor of Bangladesh Bank Mr. Ahmed Jamal and President & Managing Director of AB Bank Mr. Tarique Afzal formally inaugurated the service. Dr. Mohammad Hossain, Deputy Secretary, Ministry of Finance of Government of the People’s Republic of Bangladesh and Senior Management of the Bank were also present during the inauguration.
The Automated Challan System will enable fast and secure deposit of VAT, Tax, Govt. fees etc. This new system will reduce time and the possibility of fraud. Under ACS, treasury invoices can be deposited through cash or through cheque at any AB Bank branches or through on-line.
Honorable Deputy Governor Mr. Ahmed Jamal lauded the Managing Director of AB Bank for playing a leadership role in this initiative.
He said in his speech “I would like to thank AB Bank for launching the first Automated Challan System among the private banks”. He mentioned that among all private banks AB has been actively engaged with Bangladesh Bank in introducing this service which made it possible for them to be the first.