Archive · 23 Dec 2025
Jharkhand Signs MoU with Bank of India for Employee Benefits
The Jharkhand government made an agreement with the Bank of India to help its workers and retired employees.
This deal will give them a special bank account for their salaries and pensions.
It also includes insurance in case of accidents.
The Chief Minister said this will make life better for workers and their families.
They even gave money to the family of a worker who died in an accident.
The bank will help manage the money, and it won't cost the government extra.
Many important people were there when the agreement was signed.
Jharkhand government signed an MoU with Bank of India for salary and pension accounts for employees and pensioners.
Benefits include accidental insurance cover up to Rs 1 crore (Rs 2 crore for air accidents) and free banking services.
Chief Minister Hemant Soren emphasized the move towards structured welfare mechanisms and financial security.
A cheque of Rs 50 lakh was given to the family of a deceased employee under the new scheme.
The unified banking framework aims to improve administrative efficiency and transparency in financial transactions.
- Who
- Jharkhand government and Bank of India
- What
- Signed MoU for salary, pension, and insurance benefits
- When
- Tuesday (specific date not mentioned)
- Where
- Jharkhand Secretariat
- Why
- To provide financial security, administrative efficiency, and social security for employees and pensioners
- Accidental Insurance Cover
- Up to Rs 1 crore (Rs 2 crore for air accidents)
- Beneficiaries
- State government employees, pensioners, and contractual staff
- Key Officials Present
- Chief Minister Hemant Soren, Finance Minister Radha Krishna Kishore, Chief Secretary Avinash Kumar
- Signatories
- Sandeep Singh (Jharkhand), Sanjeev Kumar (Bank of India)
- Financial Impact
- No direct additional burden on state exchequer
- Cheque Amount
- Rs 50 lakh to Manju Lakra