From Mines to Millions: SCCL Staff Strike Gold with PNB’s Power-Packed Salary Accounts

Punjab National Bank (PNB) inked a historic Memorandum of Understanding (MoU) with The Singareni Collieries Company Limited (SCCL) to introduce an exclusive salary account scheme with robust financial protection and family benefits for SCCL employees. This partnership, inked in Hyderabad in the presence of PNB MD & CEO Ashok Chandra and SCCL CMD N. Balram, is set to transform the welfare of India's coal industry workers.

 

Important Features of the PNB-SCCL Salary Account Scheme

SCCL CMD N Balram had welcomed the move as a "historic milestone" to safeguard the families of coal workers, noting the scheme's potential to be replicated as a model by other industries. PNB's Ashok Chandra had assured the bank's move to take the coverage to other industries in the near future.

 

"This deal with SCCL will be a model for others. The tailored scheme has already been implemented for SCCL staff and hopefully the same level of detailed reporting will be implemented for other industries in the near future." — Ashok Chandra, MD & CEO, PNB

 

The scheme is already operational for all the SCCL employees, who can avail the use of these facilities by approaching their local PNB branch. 

 

Source: indianpsu.com, telanganatoday.com, rediff.com