Nasfund and BSP Sign MOU to Improve Member Access to Bank Statements

Under the MOU, Nasfund and BSP will collaborate to share bank statement information
directly and securely, with the consent of members. This removes the need for members
to visit BSP branches in person solely to obtain bank statements when applying for partial
or full withdrawal of superannuation contributions. 
 

The new process is expected to significantly reduce queues at both Nasfund and BSP
branches and enhance the overall customer experience for members and customers alike. 
 

Nasfund CEO Mr. Rajeev Sharma said, “This agreement is a practical step that puts our
members first. By working closely with BSP, we’re making it easier for our members to
access the documents they need without unnecessary delays or multiple visits. It’s about
reducing wait times and improving how we serve our members.” 
 

BSP Group GM Retail – Ronesh Dayal said this enhanced service to our partnership is a
reflection of our shared commitment to putting people at the center of what we do. “At
BSP, we care about our customers, we aspire to make banking simpler, and we continue
to grow with our communities. Together, we are focused on making financial services and
retirement processes more accessible, convenient and secure. 

The MOU outlines clear guidelines how member and customer information will be
protected in accordance with legal and privacy requirements as well as how it will be
shared and handled by respective organizations. 
 

The implementation of this initiative will commence following today's signing.