SBI signs MoU with Puducherry government for special salary account scheme

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Representatives of SBI and the Puducherry authorities  inking the MoU recently.

Representatives of SBI and the Puducherry authorities inking the MoU recently. | Photo Credit: Special arrangement

State Bank of India (SBI) has signed a memorandum of knowing (MoU) with the Puducherry authorities for extending the benefits nether the State Government Salary Package (SGSP) strategy for the latter’s employees. The MoU besides includes a Police Salary Package (PSP) component.

Chief Secretary Sharat Chauhan and S. Haritha Poornima, wide manager (Network-3), SBI, Chennai Circle, were the signatories of the statement successful the beingness of Ratna Ghosh Kishore, Joint Secretary (Finance), H. Sheik Moideen, Director, Department of Accounts and Treasuries (DAT), Balanand R., SBI lawman wide manager (business and operations), Salem, Smitha S. Nair, DGM, Chennai) M. Natarajan, determination manager, Puducherry, and S. Anbumalar, adjunct wide manager, SBI.

M. Nandhini, K. Balasubramaniyan K.M. Harish, D. Parthasarathy and Rajadurai Venkatesan from SBI besides attended the function.

According to a property note, Chief Minister N. Rangasamy has agreed to the petition made by Mr. Natarajan, who had called connected him, to promote authorities employees to marque usage of the scheme’s benefits.

The facilities see idiosyncratic mishap security screen of up to ₹1 crore and radical word security screen of ₹10 lakh to employees who support SGSP and PSP wage accounts with the SBI. In summation to the existing wage relationship customers, the benefits volition beryllium extended to caller employees who volition unfastened caller wage accounts with the SBI. The slope volition besides connection concession successful processing charges for a scope of loans, the property enactment said.

Published - December 27, 2025 06:31 p.m. IST

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