SCoR, Central Bank of India ink pact to extend welfare facilities for railway staff

The South Coast Railway (SCoR) and the Central Bank of India have signed a Memorandum of Understanding (MoU) to enhance welfare facilities for railway employees. The signing ceremony took place on Friday, with officials from SCoR and the bank present. The agreement aims to provide railway employees with improved financial and banking services.

Under the MoU, eligible railway workers can open salary accounts with zero balance, access personal accident and term insurance coverage up to ₹1.5 crore, and benefit from other related perks. Prominent attendees included Senior Personal Officer Prem Kumar Lakhawat from SCoR Vijayawada Division, Central Bank of India General Manager M. Pichai, and regional heads from Vijayawada and Guntur. The terms and conditions of the agreement were discussed during the signing ceremony.