Mizoram Police Salary Package launched

Syllad | The Rising MeghalayaJanuary 5, 2023

The Mizoram Police Department inked an memorandum of understanding with four banks on Thursday for implementing the Mizoram Police Salary Package.

The Memorandum of Understanding was signed with four Axis Bank, Bank of Baroda, HDFC and ICICI Bank Ltd at Mizoram PHQ Conference Aizawl, in the presence of DGP Devesh Chandra Srivastva IPS, top officials from Mizoram police and senior officers/ representatives from the said four banks.

The MoU pertains to various attractive offers offered by the banks for Mizoram police personnel, for having salary account with the banks of their choice.

Under the Mizoram Police Salary Package, each Police personnel under Mizoram police may choose any of the banks for salary account with whom Police Headquarters has signed agreement. The agreement has been initially signed for a period of three years, which may be extended or terminated upon mutual consent.

During this period, any salary account holders of Mizoram police personnel may avail such benefits from the banks concerned. The rates and amounts offered by the banks, though differ, include coverages like personal accidental death, air accidental death, unlimited ATM transaction, personal & home loan, overdraft policy, child education & marriage benefits and many more.

Details of the agreement (MoU documents) are being communicated to all ranks of Mizoram police to ensure maximum benefits for all concerned.

The Agreement of similar kind had already been signed with only State Bank of India (SBI) way back in 2016, which is still in force.