New Delhi: Canara Bank and the Employees’ Provident Fund Organisation (EPFO) have signed a Memorandum of Understanding (MoU) to offer the Canara Premium Payroll Package and strengthen banking solutions for EPFO employees across India.
The agreement marks a step towards strengthening institutional collaboration between the two organisations and providing enhanced banking services to EPFO employees.
Canara Bank and EPFO Sign MoU
Under the MoU, Canara Bank will extend its Premium Payroll Package to EPFO employees across the country. The collaboration is aimed at strengthening banking solutions and improving access to banking services for employees of the organisation.
The partnership will support the delivery of dedicated banking services while further strengthening the institutional relationship between Canara Bank and EPFO.
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Senior Officials Attend MoU Signing Ceremony
The MoU signing ceremony was attended by senior officials from Canara Bank and EPFO.
Officials present at the ceremony included:
- Alok Kumar Agarwal, CGM – Strategy, Resources & Government Services Wing, Canara Bank
- Vikram Duggal, CGM – Delhi Circle, Canara Bank
- Deepak Saxena, GM, Government Services Vertical, Delhi, Canara Bank
- M. M. Ashraf, Additional Central PF Commissioner, EPFO, Delhi
- Brij Mohan Singh, Regional Commissioner, EPFO, Delhi
Premium Payroll Package to Strengthen Banking Services
The Canara Premium Payroll Package is expected to provide EPFO employees with enhanced banking solutions as part of the collaboration.
The agreement focuses on:
- Strengthening banking solutions for EPFO employees
- Expanding access to premium payroll banking services
- Improving employee-focused banking services
- Strengthening institutional collaboration between Canara Bank and EPFO
The initiative will cover EPFO employees across India, supporting a more structured banking relationship between the organisation and the bank.
Canara Bank and EPFO Strengthen Institutional Collaboration
The MoU represents a significant step towards closer institutional cooperation between Canara Bank and EPFO.
Through the partnership, both organisations aim to facilitate improved banking services for EPFO employees and strengthen the delivery of employee-focused financial services across the country.
About Canara Bank
Canara Bank is a public sector bank headquartered in Bengaluru, Karnataka. Established in 1906, the bank provides a wide range of banking and financial services to individuals, businesses, government institutions and other customers through its extensive network across India.
About EPFO
Employees’ Provident Fund Organisation (EPFO) is a statutory organisation under the Ministry of Labour and Employment, Government of India. It administers provident fund, pension and insurance schemes for eligible employees and establishments covered under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
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