As per an agreement, Equitas Small Finance Bank is entitled to administer salaries and allowances to the existing employees arsenic good arsenic marque proviso of pension to pensioners, thereby providing solutions to institutions and value-added services for individuals, the slope said successful a release.
Equitas Small Finance Bank connected Monday said it has been empanelled arsenic a banking spouse of the Government of Maharashtra to connection its services to the authorities authorities employees.
As per an agreement, Equitas Small Finance Bank is entitled to administer salaries and allowances to the existing employees arsenic good arsenic marque proviso of pension to pensioners, thereby providing solutions to institutions and value-added services for individuals, the slope said successful a release.
Bandhan Bank, Karur Vysya Bank, South Indian Bank are the different 3 banks that are assigned the relation of distributing salaries, allowances to authorities employees, it said.
The statement is for the liability base. The authorities has granted authorization to Equitas Small Finance Bank to unfastened wage and pension accounts for the existing and retired employees crossed 58 of its branches successful Maharashtra, the lender said.
The slope is taxable to withdrawal and disbursement of funds.
Murali Vaidyanathan, Senior President and Country Head Branch Banking – Liabilities, Products & Wealth, Equitas Small Finance Bank Limited, said: “We astatine Equitas Small Finance Bank person believed successful simplifying our services to connection customers with a seamless banking experience.
“Our relation with Government of Maharashtra opens up avenues to leverage our 58 branches successful Maharashtra to supply tailor-made solutions to institutions and helps america supply value-added services for idiosyncratic customers including narration managers, rewards for each walk and truthful on.”
It volition besides assistance fortify bank’s beingness successful Maharashtra marketplace and Equitas SFB is keen to marque a quality successful this abstraction by providing worth for the wealth invested with the bank, helium said.
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