Srinagar: Khyber Cement has signed a memorandum of understanding (MoU) with Jammu and Kashmir Bank to provide its eligible employees access to preferential banking services and financial benefits under the bank’s Corporate Salary Package.
The agreement provides for zero-minimum-balance salary accounts, digital banking facilities, personal accident insurance coverage, concessions on select loan products and other preferential banking services.
The MoU was signed at Khyber Cement’s corporate office by Manzoor Ahmad Mir, Head of Commercial, Legal and Regulatory Affairs at Khyber Cement, and Sheikh Mohammad Muzaffar, Zonal Head, Kashmir, J&K Bank. Arshad Qadri, Divisional Head, Kashmir, J&K Bank, was also present.
Umar Tramboo, Director of Corporate and Strategy at Khyber Cement, said the partnership was aimed at supporting employees’ financial well-being and long-term security.
He said the company viewed employee welfare as an important component of organisational growth and remained focused on providing staff with accessible financial services.
Mir said the agreement would help enhance employee welfare through convenient banking solutions and expressed hope for a mutually beneficial association.
Qadri said J&K Bank’s Corporate Salary Package was designed to provide Khyber Cement employees with convenient banking facilities and financial benefits. He added that the partnership would strengthen institutional ties between the bank and the industrial sector in Jammu and Kashmir.
