In a significant development toward employee welfare, Indian Railways and the State Bank of India (SBI), the nation’s largest public sector bank, have signed a transformative Memorandum of Understanding (MoU) with an objective to substantially upgrade insurance benefits for Railway employees.
This partnership introduces a sweeping enhancement in insurance coverage for Railway employees holding salary accounts with SBI:
With approximately 7 lakh Railway employees banking with SBI, this agreement marks a milestone in public sector collaboration focused on workforce welfare.
In addition to the core coverage, the MoU also includes several complementary insurance provisions:
The partnership stands as a testament to the shared commitment of Indian Railways and SBI to prioritise the safety, security, and dignity of their employees. Special emphasis has been placed on ensuring frontline workers, particularly those in Group C and equivalent categories.
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Published on: Sep 2, 2025, 9:43 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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