BSNL has signed Memorandum of Understanding with State Bank of India and with Punjab National Bank for Corporate Salary Package for BSNL employees. This MoU is valid for a period of three years from the date of execution.SBI <<<>> PNB <<<>>
Additionally, BSNL has also signed a separate MoU with SBI and with PNB for Home Loan facility and other Loans at concessional interest rate for BSNL Executives and employees.SBI <<<>> PNB <<<>>
The Corporate Salary Package under the MoU comes with various benefits viz. Zero balance account for employees and their families, free term insurance, free accidental insurance, free air accidental death insurance, optional family health insurance cover on a payment of very nominal annual premium etc at no cost to executives or employees of BSNL.
Only required on their part is one has to apply for Salary bank account with these banks and all these benefits will be available to them and their family members on selective basis.
We have seen many Executives are not opting for GTI, GHI due to heavy and non-affordable premium and in case of sudden and unfortunate death of executive with no GTI policy, the family members have to face a lot of hardship and difficulties.
Hence, after signing similar MoU by Railways with SBI, SNEA has taken up matter with BSNL Management and with very positive approach Management has come up with supportive step and MOUs are signed with two banks leaving it optional to individual to decide the bank.
This is good opportunity to each and every executive of BSNL to change/convert his/her Salary Account either to SBI or PNB and get benefits out of it as these benefits normally available while service in PSUs are not available from BSNL as PSU but the same are available just on having Salary account with SBI and PNB.
We appreciate efforts of Management for passing on certain benefits to executives in BSNL by signing MoU with different banks making executives eligible for all these benefits.
We appeal to all the executives to go through these MoUs, understand its importance and to shift their salary account to either SBI or PNB as you think fit. We are sharing comparison of benefits by having Salary account at SBI & PNB and its choice to individual to decide the bank. Copy<<<>>
