Bank of India Signs MoU with East Coast Railway for Salary & Pension Accounts

Mumbai, February 25, 2026:: Bank of India has entered into a Memorandum of Understanding (MoU) with East Coast Railway (ECoR) to facilitate the opening of Government Salary and Pension Accounts for its employees.

This partnership underscores Bank of India’s commitment to provide seamless, reliable, and efficient banking solutions to government institutions and their workforce. Under the MoU, employees of East Coast Railway will benefit from modernized account services, digital banking facilities, and streamlined salary and pension disbursements.

Also Read: Union Bank Expands in Uttar Pradesh with Strategic Government Salary Account Partnership

The collaboration aims to enhance convenience for railway employees while ensuring timely and secure financial transactions. It also aligns with the government’s vision of financial inclusion and efficient delivery of public services.

“This initiative reflects our continued dedication to supporting government employees with trusted banking services,” said a Bank of India spokesperson. “We are committed to leveraging technology and banking expertise to make financial processes simpler and faster for all stakeholders.”

The partnership with East Coast Railway marks another step in Bank of India’s strategy to strengthen relationships with government institutions across India while providing employees with accessible and customer-centric financial solutions.