Northern Railway & State Bank of India Collaborate to Enhance Employee Benefits

Northern Railway & State Bank of India Collaborate to Enhance Employee Benefits:

A significant meeting was held o­n January 2, 2025, between State Bank of India (SBI) and Northern Railway, chaired by General Manager, Sh. Ashok Kumar Verma along with senior officials of Northern Railway. The meeting focused o­n accepting and agreeing to the SBI offer for the Railway Salary Package (RSP) for Northern Railway employees. This collaboration aims to empower thousands of Northern Railway employees by providing them with convenient, accessible, and rewarding banking services. The Railway administration is actively considering similar offers from other banks for the continued welfare of its employees.

Key Highlights of the SBI Railway Salary Package:

 

•Enhanced Insurance Coverage: Employees can avail of complimentary benefits such as Personal Accidental Insurance (Death) cover up to 100 Lakhs and Group Term Life Insurance Cover (GTL) up to 10 Lakhs.

•Super Top-Up Health Insurance Policy: Attractive rates are available for comprehensive health insurance coverage.

•Exclusive Banking Benefits: Employees can enjoy benefits like attractive loan rates, ATM cum Debit Card – RSP RuPay, Family Saving Account – “SBI Rishtey,” and locker rent concessions.

 

Sh. Ashok Kumar Verma, General Manager, Northern Railway, expressed his appreciation for SBI’s initiative and assured his full support for the offer. He emphasized that such initiatives contribute significantly to the well-being of railway employees and their families.

 

Sh. Devashish Mishra, General Manager, SBI  emphasized the significance of this collaboration, highlighting the shared commitment to employee welfare. He informed that all willing employees holding an existing salary account with SBI can avail of these benefits. For those with incorrectly categorized accounts, an application-cum-undertaking needs to be submitted to the bank.

 

To ensure widespread awareness, GM/NR announced that Northern Railway will actively assist SBI through various measures:

•Setting up of information camps

•Dissemination of information o­n the salary package

•Conducting training sessions o­n personal finance