India, Nov. 5 -- Around 1.75 lakh government employees in Jharkhand will receive enhanced banking and financial security benefits under a special salary package following a Memorandum of Understanding (MoU) signed between the state government and Union Bank of India on Wednesday.

The agreement was signed between the state's Finance Department and Union Bank of India at Project Building in Ranchi in the presence of Chief Minister Hemant Soren. It aims to provide government employees with a range of premium banking facilities, including insurance coverage, healthcare support and loans at concessional interest rates.

Under the package, employees maintaining salary accounts with Union Bank will be eligible for accidental death insurance, fi...