You are here: Home » Current Affairs » News » National
Business Standard

No more salary delays: NDMC, PSU bank join hands for real-time transfer

NDMC also roped in technology firm Tech Mahendra to facilitate the process

Press Trust of India  |  New Delhi 

Salary
Representational image

The North Delhi Municipal Corporation (NDMC) has entered into an agreement with a Public Sector Union (PSU) bank for real-time transfer of salaries to the accounts of its employees, the civic body on Thursday said.

The partnering bank, Union Bank of India, and technology firm Tech Mahendra will also facilitate the process, it said.

"This process would mean that salaries would be sent to employees with a click of a button and without any further manual intervention," the said in a statement.

With this system in place, the will transfer salaries worth Rs 221 cr to its approximately 57,000 employees in real time, it said.

The civic body said the decision is a significant step towards digitisation and will improve the satisfaction and efficiency of the employees.


First Published: Fri, October 13 2017. 10:21 IST
RECOMMENDED FOR YOU