The Chittagong University of Engineering and Technology signed a memorandum of understanding with the Pubali Bank PLC at the CUET in Chattogram on Thursday.

Under this deal, Pubali Bank’s modern banking services will be ensured for CUET students, said a press release.

As part of this, the Pubali Bank will set up a digital banking booth on the ground floor of CUET’s Teachers-Students Centre building, which will have two CRMs and one RTDM and KEOSK system each. Online transaction facilities will also be available 16 hours a day under this digital banking system.

Students will be able to pay tuition fees and other fees easily through the bank’s CRM, RTDM and KEOSK systems, online banking and mobile app, so there will be no need to stand in long queues at the counter.

At the same time, banks will be able to provide various financial assistance to students, including student loans, based on CRM data.

The university administration has expressed hope that such initiatives will further accelerate the daily financial activities of students and play an important role in expanding the modern service system on the campus.

CUET vice-chancellor Professor Mahmud Abdul Matin Bhuiyan was present at the MoU signing ceremony.

CUET registrar, additional responsibilities, Professor Sheikh Mohammad Humayun Kabir signed the MoU on behalf of the CUET and Pubali Bank’s Madunaghat branch manager Rashidul Hasan Bhuiyan signed on behalf of Pubali Bank.