Shimla. Himachal Pradesh Electricity Board has taken an important initiative for its employees and pensioners. The Board has authorized seven banks to operate salary accounts. Under this, employees will get the benefit of accident insurance, disability insurance and many other banking facilities along with special salary package. The move is aimed at providing better social security to electricity board employees as they often work in hazardous conditions. According to the order issued by the Electricity Board, employees and pensioners will now get the option to operate salary accounts in authorized banks as per their convenience. For this, the Board has authorized Punjab National Bank, State Bank of India, Bank of Baroda, ICICI Bank, HDFC Bank, Himachal Pradesh State Cooperative Bank and Kangra Central Cooperative Bank. These banks have been selected through the Expression of Interest (EOI) process. Memorandums of Understanding (MoUs) have also been entered into between the Board and the respective banks. After this, the employees will get the benefit of special salary package apart from normal banking facilities. PNB and SBI will provide insurance cover up to Rs 1.5 crore According to the Electricity Board, under the salary package, employees will be provided insurance protection in case of accidental death, permanent total disability and permanent partial disability. Punjab National Bank and State Bank of India will provide accident insurance cover ranging from Rs 1 crore to Rs 1.5 crore to eligible employees. At the same time, Bank of Baroda will provide insurance benefits ranging from Rs 40 lakh to Rs 50 lakh to the employees depending on the salary category. Other authorized banks will also provide various facilities to the employees as per their respective salary packages. Employees doing risky work will get security Electricity Board employees are involved in power lines, transformers and other technical work in the field, where there is a risk of accidents. In such a situation, accident insurance cover will become a support of financial security for the employees and their families. The board management believes that this facility is a big step in the interest of the employees. This will not only provide financial security to the employees, but they will also get the benefit of better banking services. Employees and pensioners will get benefits The benefit of this scheme will be available to the current employees of the Electricity Board as well as pensioners. Through salary account, they can get priority in banking services, possible benefits in loan facilities and other special services. There is enthusiasm among the employees also due to this initiative of the board. He says that insurance protection is very important during risky operations. Employees and their families will get relief from future worries by getting insurance cover up to crores of rupees. This initiative of Himachal Pradesh Electricity Board is being considered an important step towards the safety and welfare of the employees. Now, through seven authorized banks, better financial facilities and strong insurance protection will be available to the employees.
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