Category : Agreements
 Employees’ State Insurance Corporation(ESIC) signed Memorandum of Agreement (MoA) with State Bank of India for direct transfer of benefits electronically into bank accounts of all stakeholders. As per an agreement signed between the two, SBI will provide e-payment services directly to bank accounts of all ESIC beneficiaries and payees without any manual intervention as an integrated and automated process through its cash management product e-payment technology platform. |
| Source: The Economics Times |
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