SBI, BoB, UBI, Canara Bank And District Cooperative Bank Sign MoU With Uttarakhand Government

In the presence of Uttarakhand Chief Minister Pushkar Singh Dhami and State Finance Minister Premchand Aggarwal, State Bank of India, Bank of Baroda, Union Bank of India, Canara Bank and District Cooperative Bank signed an MoU with the Uttarakhand government for corporate salary package and other benefits for government employees at the Secretariat on Wednesday. Currently, about 64 percent of the state government employees who have salary accounts in these banks will benefit from this contract.

The state government, led by Chief Minister Pushkar Singh Dhami, decided on this contract keeping in mind the interests of government employees. The Chief Minister expressed hope that all these banks will continue to work to make the corporate salary package more beneficial for the employees. Our effort will be that in future 100% of the employees can take advantage of this beneficial package. In the branches of these banks, the account holders of salary savings account in salary accounts will be provided the facility of personal insurance cover as well as other financial benefits. Under this, in case of accidental death, complete disability and partial disability of the personnel, the benefit of claim in the form of compensation and other benefits will be provided to their dependents without paying any premium.

As per the agreement between the State Government and these 05 banks, in the unfortunate event of the death of any employee, this coverage will provide financial assistance to his family, which will be between Rs. 30 lakh to Rs. 100 lakh. In case of complete disability, financial assistance of Rs. 30 lakh to Rs. 50 lakh and in case of partial disability, financial assistance of Rs. 10 lakh to Rs. 40 lakh will be provided by the bank under the package. Along with this, there is also a provision of financial assistance in this package for future needs like medical treatment due to accident, ambulance facility, education of children, daughter’s marriage. In case of natural death of the employee, the bank will also provide contribution of Rs.3 lakh to Rs.10 lakh to help their dependents avoid challenges.

On this occasion, Chief Secretary Radha Raturi, Additional Chief Secretary Anand Bardhan, Principal Secretary R.K. Sudhanshu, Secretary Dilip Jawalkar, Additional Secretary Manmohan Mainali, Treasury Director Dinesh Lohani, SBI General Manager Deepesh Raj, Deputy General Manager Vinod Kumar, M. Anil, Bank of Baroda General Manager M. Anil, Union Bank General Manager Amarendra Kumar, Canara Bank Assistant General Manager Mayank Mohan Kaushik, Neeraj Belwal from Cooperative Bank, Rajiv Pant from State Level Bankers Committee were present.