News Desk, New Delhi: In a landmark move aimed at strengthening the financial welfare of its personnel, the Central Industrial Security Force (CISF) has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) under the Central Armed Police Salary Package (CAPSP). The agreement was formalised during a function in Delhi, where Rekha Nambiar, Deputy Inspector General/Administration of CISF, and Ranjana Sinha, General Manager (NRI & SP) at SBI Corporate Centre, Mumbai, signed the MoU. Valid for three years, this partnership is expected to streamline salary account management and offer enhanced financial benefits to serving and retired CISF personnel. The initiative will benefit approximately 1.9 lakh CISF employees across the country, including 273 personnel stationed at the Digboi Refinery in Assam’s Tinsukia district. The MoU reflects CISF’s ongoing commitment to ensuring the financial security and overall well-being of its workforce. “This agreement marks a major milestone in our continuous effort to support our personnel, both in service and post-retirement,” a senior CISF official noted. These enhancements demonstrate a comprehensive approach to safeguarding CISF personnel, who often operate in high-risk and sensitive environments. By partnering with India’s largest public sector bank, the CISF aims to ensure seamless financial services while expanding critical risk coverage. The move is being widely welcomed within the force and by defence welfare analysts, who see it as a model for future collaborations between security agencies and financial institutions. It not only enhances the quality of life for personnel but also strengthens morale by ensuring robust post-service support. This MoU with SBI is a reaffirmation of CISF's core values — duty, dignity, and care — as it continues to stand guard over the nation’s vital infrastructure.
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