September 1, 2025 11:09 PM

Indian Railways, SBI ink MoU to provide enhanced insurance benefits for railway employees

Indian Railways and the State Bank of India on Monday signed a Memorandum of Understanding (MoU) to provide enhanced insurance benefits to railway employees maintaining salary accounts with SBI. The agreement was signed in the presence of the Minister for Railways, Information & Broadcasting, Electronics & Information Technology, Ashwini Vaishnaw. As part of the MoU, the insurance cover for accidental death has been increased to ₹1 crore. Earlier, employees were covered under the Cent...