Central Bank of India Signs MoU with West Central Railway, Targets 55,000 Employees Under Salary Package

New Delhi: Central Bank of India has entered into a Memorandum of Understanding (MoU) with West Central Railway (WCR) to provide its Cent Prestige Salary Package to railway employees across Rajasthan and Madhya Pradesh.

The agreement was formalized by Shri D.P. Khurana, General Manager (Resource), Central Bank of India, and Smt. Purnima Jain, Deputy Chief Personnel Officer, West Central Railway.

308 Railway Stations to Be Covered

Under the partnership, the bank will extend its salary account services to employees across 308 railway stations within the West Central Railway zone. The initiative is expected to benefit approximately 55,000 employees.

The Cent Prestige Salary Package offers a range of benefits including preferential loan pricing, overdraft facilities, digital banking features, insurance cover, and other value-added services designed specifically for salaried professionals.

Strategic Push for CASA Growth

The collaboration is expected to strengthen Central Bank of India’s institutional banking footprint while creating meaningful opportunities under its CASA (Current Account Savings Account) campaign.

With a large and geographically spread employee base, the partnership provides long-term deposit mobilization potential and cross-selling opportunities across retail banking products.

Expanding Institutional Presence

This agreement reinforces the bank’s strategy of deepening relationships with government and public sector institutions. By onboarding a sizeable salaried segment, the bank aims to enhance its low-cost deposit base and improve customer engagement in key regions of Rajasthan and Madhya Pradesh.

Central Bank of India continues to focus on expanding its salary account portfolio as part of its broader retail and institutional growth strategy.