SECR Partners with SBI for Enhanced Employee Benefits

The South East Central Railway's Nagpur division has partnered with the State Bank of India to open salary accounts for employees, offering benefits like personal and air accident insurance, and reduced-rate loans. This collaboration was formalized through an MoU, aiming to provide comprehensive financial benefits.

The Nagpur division of the South East Central Railway (SECR) has struck a significant partnership with the State Bank of India (SBI), India's largest lender, to open salary accounts for its employees. This strategic collaboration, formalized through a memorandum of understanding (MoU), promises to enhance the financial advantages available to the railway's workforce.

The MoU includes compelling benefits available in SBI's Railway Salary Package, notably featuring personal accidental insurance coverage of Rs 1 crore and air accidental insurance of Rs 1.60 crore. Employees can also access loans for homes and cars at concessional rates, alongside various lifestyle perks linked with the Rupay debit card.

SBI's Deputy General Manager for Business & Operations, Rajeev Sawrav, and Uday Kumar Bharti, the senior Divisional Personnel Officer for the Nagpur Division, signed the agreement last Friday, marking a forward step in boosting employee welfare and financial security.

(With inputs from agencies.)