NLCIL Signed MoU with Banks For Opening Corporate Salary Accounts for NLCIL Employees
This MoU marks yet another step by NLCIL in reinforcing its commitment towards employee welfare and social security.
NLC India Limited has signed a Memoranda of Understanding (MoU) today, on 07.04.25, with representatives of Punjab National Bank, Union Bank of India and State Bank of India to establish empanelment of these three banks for Corporate Salary Accounts of NLCIL employees.
The MoU was signed by Shri Dhanapal, CGM/Finance-Treasury, NLCIL with Shri P. Mahendar, GM, Punjab National Bank, Shri R. Devaraj, Dy. Zonal Head, Union Bank of India and Ms. Kalpana Mudaliar, DGM (B&O), SBI, in the presence of Shri Prasanna Kumar Motupalli, CMD, NLCIL, Dr. Suresh Chandra Suman, Director (Mines) and P&P (Addl.Charge), Shri Samir Swarup, Director (HR), Shri M. Venkatachalam, Director (Power), Dr. Prasanna Kumar Acharya, Director (Finance), and senior officials of NLCIL.
The collaboration offers a host of exclusive features like Personal Accident cover upto Rs.135 Lakhs, Air Accident cover up to Rs.250 Lakhs, Group Term Insurance upto Rs.10 Lakhs, Disability Cover upto Rs.125 Lakhs, Child Education & Girl Child Marriage support upto Rs.30 Lakhs in case of demise of any employee, Concessions on various loan products like Processing fee and interest rates and offers on other banking facilities with various add-on covers.
Additionally, NLCIL will facilitate the banks in conducting awareness campaigns among employees to ensure maximum participation and understanding of the scheme for enrolling under Corporate Salary Account.
This MoU marks yet another step by NLCIL in reinforcing its commitment towards employee welfare and social security.
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