MoU between State Government and Banks for enhancing banking services for State Government employees

In a significant step towards enhancing banking services for State Government employees, SBI signed a Memorandum of Understanding (MoU) with the Government of Telangana on 25.06.2026to provide a comprehensive Salary Package Scheme with a host of exclusive banking benefits. The agreement aims at offeringSalary Package benefits, a bespoken banking solution designed to provide best in class benefits, financial flexibility and unmatched convenience to the employees of the Government of Telangana State. SBI has curated a unique value proposition for the State Govt employees, includes lifestyle benefits linked with Debit and Credit Cards, special benefits for family members, Comprehensive Pension Package, Complementary Personal Accident and Air Accidental insurance, discounts on lockers, personal loans etc. Speaking on the occasion, Shri Neelesh Dwivedi, Chief General Manager, SBI, Hyderabad Circleexpressed sincere gratitude to the State Government for their continued patronage and entrusting the banking sector with the privilege of offering salary package benefits to serve State Government employees more effectively and contribute to the broader financial inclusion and welfare objectives of the State. The MoU marks another milestone in the Bank’s commitment to strengthening its collaborationwith Government institutions and delivering technology-driven, customer-focused banking services across the State.