In line with the guidelines, RSA contributors are required to open a domiciliary account (DA) with the Pension Fund Custodian’s (PFC) designated collecting bank and remit pension contributions from this account to the PFA’s foreign currency collection account with the PFC. Accordingly, to contribute in US Dollars under the Personal Pension Plan (Fund VII), contributors must operate a domiciliary account with Zenith Bank, the appointed PFC collection bank for such contributions.
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