NEW SALARY ACCOUNT AGREEMENT OF BIHAR GOVERNMENT
On 7th July 2025, a Memorandum of Understanding (MoU) was signed with 9 nationalized banks regarding salary accounts under the chairmanship of Deputy Chief Minister (Finance) Shri Samrat Chaudhary.
NEW SALARY ACCOUNT AGREEMENT OF BIHAR GOVERNMENT
8-JULY-ENG 12
RAJIV NAYAN AGRAWAL
ARA------------------------On 7th July 2025, a Memorandum of Understanding (MoU) was signed with 9 nationalized banks regarding salary accounts under the chairmanship of Deputy Chief Minister (Finance) Shri Samrat Chaudhary.
For whom:-Permanent and contract employees of Bihar Government, Ministers, MLAs, Legislative Councilors, Banks included State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda, Bank of India, Union Bank of India, Central Bank of India, Canara Bank, Indian Bank, UCO Bank
Special benefits of salary accounts:-Personal Accident Insurance: ₹40 lakh – ₹1 crore, Air Accident Insurance: ₹1 crore – ₹1.6 crore, Family Insurance: ₹5 lakh per member, Group Life Insurance: ₹10 lakh (natural death), Disability Compensation: ₹10 lakh – ₹80 lakh, Top-up Health Insurance at discounted rates, Loan Processing Fees: 50%–100% discount, Interest Rate Discount, Free ATM Card & More Free Transactions, ATM Withdrawal Limit: ₹1 lakh per day, Auto Sweep/Standing Instruction Facility, Free Fund Transfer: RTGS, NEFT, Draft, Overdraft Facility against Salary, Additional Benefits Different for Each Bank.
Government Employees can now choose any bank of their choice.
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