RAKUB launches smart banking


Business Desk :
Rajshahi Krishi Unnayan Bank (RAKUB) has launched smart banking with the digital services of online banking, internet banking and electronic fund transfer aimed at bringing dynamism into its banking services.

It has launched the RAKUB service delivery and internet service activities in the RAKUB Mobile App through the central e-payment system ekpay of the Aspire to Innovate (a2i) programme, reports BSS.

With this breakthrough, clients of the bank will be able to open new accounts from home through e-KYC and submit income tax, VAT and passport fees, QR code-based checkless transactions and the iOS version of the RAKUB e-banking mobile app

As the largest development partner in agriculture as well as the agro-based industrial sector of northwest Bangladesh, the bank authority launched the modern banking technology at a ceremony in Rajshahi on Friday.

Secretary to the Financial Institution Division of the Ministry of Finance Sheikh Mohammad Salim Ullah attended and addressed the ceremony as the chief guest at Bangabandhu Sheikh Mujib Hi-tech Park.

Chairman Roisul Alam Mondal, a2i Joint Project Director Mollah Mijanur Rahman and Executive Director of Bangladesh Bank Rup Ratan Pain also spoke with RAKUB Managing Director Niranjan Chandra Debnath in the chair.


Deputy General Manager of the ICT Division Abul Kalam gave an illustration of the new apps together with presenting a paper titled “RAKUB Smart Banking Joyjatra towards building Smart Bangladesh.”

Through 383 branches, RAKUB has been operating its commercial activities in all 16 northwest districts of Rajshahi and Rangpur divisions targeting the agricultural sector and all its sub-sectors, including agro-processing and industries.

Earlier on August 4, 2023, the bank had launched the system of opening accounts from home through e-KYC, QR code-based checkless transaction and the iOS version of RAKUB e-banking mobile app in building Smart Bangladesh.

It had also entered into the era of mobile App and internet banking aimed at bringing dynamism into its banking services on March 23, 2022.

Apart from this, the bank introduced various other modern banking services in all its branches in order to reach banking services to the doorsteps of the public in general.

Around 40 lakh clients of the bank are being benefited in many ways, including banking transactions anytime and from anywhere, bill payment of utility services and opening new bank accounts from home.