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The North Delhi Municipal Corporation (NDMC), enters into an agreement with PSU bank for real time transfer of salaries to its employees accounts.
Union Bank Of India, the partnering bank and Tech Mahindra,technology firm will also facilitate the process.
NMDC stated,”This process would mean that salaries would be sent to employees with a click of a button and without any further manual intervention.”
Further it added, it will transfer salaries worth Rs.221 crore to its approx 57,000 employees in real time, with this facility.
