CHENNAI, APRIL 07, 2025: NLC India Limited has signed a Memoranda of Understanding (MoU) on Monday with representatives of Punjab National Bank (PNB), Union Bank of India (UBI) and State Bank of India (SBI) to establish empanelment of these three banks for Corporate Salary Accounts of NLCIL employees.
The MoU was signed by Dhanapal, CGM/Finance-Treasury, NLCIL with P. Mahendar, GM, Punjab National Bank, R. Devaraj, Dy. Zonal Head, Union Bank of India and Ms. Kalpana Mudaliar, DGM (B&O), SBI, in the presence of Prasanna Kumar Motupalli, CMD, NLCIL, Dr. Suresh Chandra Suman, Director (Mines) and P&P (Addl.Charge), Samir Swarup, Director (HR), M. Venkatachalam, Director (Power), Prasanna Kumar Acharya, Director (Finance), and senior officials of NLCIL.
The collaboration offers a host of exclusive features like Personal Accident cover up to Rs.135 Lakhs, Air Accident cover up to Rs.250 Lakhs, Group Term Insurance up to Rs.10 Lakhs, Disability Cover up to Rs.125 Lakhs, Child Education & Girl Child Marriage support up to Rs.30 Lakhs in case of demise of any employee, Concessions on various loan products like Processing fee and interest rates and offers on other banking facilities with various add-on covers.
Additionally, NLCIL will facilitate the banks in conducting awareness campaigns among employees to ensure maximum participation and understanding of the scheme for enrolling under Corporate Salary Account.
This MoU marks yet another step by NLCIL in reinforcing its commitment towards employee welfare and social security.
