SECL signs MoU with Chhattisgarh Rajya Gramin Bank to extend corporate salary package benefits to employees

New Delhi: In a significant move aimed at enhancing employee welfare, South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited, has entered into a Memorandum of Understanding (MoU) with Chhattisgarh Rajya Gramin Bank (CRGB) for the inclusion of SECL employees’ salary accounts under the Corporate Salary Package scheme.

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The MoU was formalized in the esteemed presence of SECL Director (Human Resources) Biranchi Das and Director (Finance) D Sunil Kumar. The agreement was signed by Durga Prasad Samal, General Manager (HR – Coordination/Employee Establishment) on behalf of SECL, and Amarjeet Singh Khanuja, Assistant General Manager (Business & Credit/Operations), CRGB Headquarters, Raipur.

This development marks a milestone as it is the first MoU of its kind signed by SECL with a regional rural bank at the Coal India subsidiary level. The agreement ensures that 3,637 SECL employees who hold salary accounts with CRGB will now receive the comprehensive benefits associated with the Corporate Salary Package, similar to packages provided by nationalized banks.

With this MoU, 99 percent of SECL employees will now fall under the ambit of Corporate Salary Packages, providing them with a range of enhanced financial services and privileges including preferential loan processing, lower interest rates, and exclusive banking benefits.

This initiative reflects SECL’s ongoing commitment to strengthening employee-centric policies and ensuring parity in financial access and convenience across its workforce.

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