Monday, April 25, 2011

Union Bank to manage salary account for KVS employees

Union Bank of India and Kendriya Vidyalaya Sangathan has signed a Memorandum of Understanding (MoU), according to which Union Bank of India will salary distribution of the KV employees.

At present there are around 56,000 employees working with KVS. This step is aimed at bringing transparency to the salary disbursal of the employees.

The facility developed by Union Bank will consist if several other features also through which KVS will be able to collect and manage funds.

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