New Delhi: Central Bank of India has signed a Memorandum of Understanding (MoU) with the Government of Uttarakhand to facilitate the opening of salary accounts for state government employees. The agreement was formalized in Dehradun in coordination with treasury officials.
The partnership aims to streamline salary disbursement processes while expanding access to modern banking services for government staff across Uttarakhand.
MoU Signed in Presence of Treasury Officials
The MoU was signed by Mr. Shishram Tundwal, Zonal Head (Delhi), Central Bank of India, and Ms. Amita Joshi, Director, Treasury Nideshalaya, Uttarakhand.
The signing ceremony was facilitated by Mr. Rampramod Anand, Regional Head, Dehradun Regional Office, in the presence of Additional Secretaries Mr. Harsingh Baunal and Mr. Mohammad Gulfam Ahmad.
Officials described the agreement as a significant step toward enhancing coordination between the banking sector and the state treasury.
Tailored Salary Account Services for Government Employees
Under the agreement, eligible Uttarakhand government employees will be able to open dedicated salary accounts with Central Bank of India and access a range of banking services, including:
- Digital banking facilities
- Debit card services
- Net and mobile banking
- Employee-focused financial products as per bank norms
The initiative is expected to improve the efficiency of salary processing while ensuring secure and convenient banking solutions for government personnel.
Boost to Digital Banking and Financial Inclusion
The collaboration is also aimed at promoting financial inclusion and digital banking adoption among state employees. For the Uttarakhand government, the MoU is expected to support smoother treasury operations and faster salary disbursement mechanisms.
At the same time, the agreement strengthens Central Bank of India’s presence in Uttarakhand, expanding its institutional and salaried customer base.
About Central Bank of India
Central Bank of India is one of India’s leading public sector banks, offering a wide range of retail, corporate, and digital banking services. The bank continues to expand its partnerships with government departments and public institutions to enhance financial access and strengthen its nationwide footprint.
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