Archive · 1 Feb 2026
MP Transco Expands Banking Options with Bank of Maharashtra
MP Transco, a company that manages power transmission in Madhya Pradesh, has teamed up with the Bank of Maharashtra to offer better banking services to its employees.
They signed an agreement that allows employees to open special savings accounts with the Bank of Maharashtra.
These accounts come with many benefits, like insurance for life, accidents, and health, as well as discounts on loans and locker rentals.
The employees will also get a premium debit card and can use digital banking services without any extra charges.
This agreement was made to ensure that MP Transco employees have the best banking and financial benefits available.
MP Transco signed an MoU with the Bank of Maharashtra to expand banking options for its employees.
The agreement provides 'Govpride Salary Savings Account' facilities to MP Transco salary account holders.
Employees will receive benefits such as life insurance, accident insurance, medical insurance, loan concessions, and premium RuPay debit card facilities.
The scheme offers zero-charge digital banking services and additional benefits like super top-up health insurance.
The MoU was finalized with the efforts of the MP Transco Finance Department team and Bank of Maharashtra DGM Omkar Kumar.
- Who
- Madhya Pradesh Power Transmission Company (MP Transco) and Bank of Maharashtra
- What
- Signed a Memorandum of Understanding (MoU) to expand banking options for MP Transco employees
- When
- Recently (specific date not mentioned)
- Where
- Jabalpur, Madhya Pradesh
- Why
- To provide maximum banking and financial benefits for MP Transco employees
- Organizations Involved
- Madhya Pradesh Power Transmission Company (MP Transco) and Bank of Maharashtra
- Location
- Jabalpur, Madhya Pradesh
- Agreement Type
- Memorandum of Understanding (MoU)
- Account Type
- Govpride Salary Savings Account
- Benefits
- Life insurance, accident insurance, medical insurance, loan concessions, locker discounts, premium RuPay debit card, zero-charge digital banking, super top-up health insurance
- Key Personnel
- Mukul Mehrotra (CFO, MP Transco), Omkar Kumar (DGM, Bank of Maharashtra), Rajesh Bhayre (Joint Director, MP Transco), Neeraj Kumar Tripathi (Deputy Director, MP Transco), Rajkumar Patel (Accounts Officer, MP Transco), Amit Yadav (Senior Manager, Bank of Maharashtra), Devvrat Rai (Branch Manager, Bank of Maharashtra), Vikesh Khare (Branch Manager, Bank of Maharashtra), Ankit Nagar (Branch Manager, Bank of Maharashtra), Oli Goswami (Branch Manager, Bank of Maharashtra)