Kolkata, Dec 5 (PTI) Bank of Baroda on Thursday said it was designated as a pension disbursing bank in West Bengal under the Employees' Pension Scheme (EPS), 1995.

The EPS is a type of social security scheme launched by the Employees' Provident Fund Organisation (EPFO).

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A Memorandum of Understanding (MoU) was signed between the bank's Kolkata Zone and the EPFO's Kolkata Regional Office in this regard, the lender said in a statement.

With this development, pensioners in West Bengal can now avail of pension disbursement services through Bank of Baroda's extensive network of over 300 branches and 400 ATMs across the state.

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"This will facilitate the employees of central PSUs/ undertakings, state PSUs/ undertakings, municipalities and industrial establishments etc in the state of West Bengal," Bank of Baroda's Kolkata Zone head Sanjay K Tiwary said.

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