Equitas Small Finance Bank has empanelled as the banking partner of the state government of Maharashtra with an aim to offer its services to employees of the State Government. The Bandhan Bank, Karur Vysya Bank, and the South Indian Bank have been assigned the role of distributing salaries and allowances to the government employees.
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This partnership will enable the ESFBL to distribute salaries and allowances to the existing employees apart from making provision of pension to pensioners. The state government has authorised the Equitas SFB to open salary and pension accounts for the existing and retired employees across 58 branches of the bank across the state.
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