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Coronavirus pandemic | Bank of Baroda to provide Rs 2,000 to every banking correspondents

To control the spread of COVID-19, it is necessary to keep the BC points sanitised and clean, the bank said in a release.

March 28, 2020 / 08:46 PM IST

Bank of Baroda on March 28 said it will provide Rs 2,000 each to business correspondents to maintain hygiene standards amid coronavirus outbreak. The effort is meant to ensure protection by the bank from COVID-19, towards its customers, general public and business correspondents themselves.

To control the spread of COVID-19, it is necessary to keep the BC points sanitised and clean, the bank said in a release.

"Under such circumstances, it has been decided by top management to provide financial support of Rs 2,000 to each active and functional BC agent towards maintenance of hygiene at their outlets for purchase of sanitiser, disinfectants, masks, gloves etc. and the amount has been already credited directly into their accounts," it said.

Further, the bank has encouraged the BC agents to extend their continued services during this difficult period, and has also decided to incentivise them by paying Rs 100 per working day to every active BC agents, performing minimum 5 transactions, towards transportation for extending services from 10 am to 5 pm. This facility will be available till April 4, 2020.

Vikramaditya Singh Khichi, Executive Director, Bank of Baroda said, "It is our responsibility to maintain a clean and safe environment for everyone within the bank and outside.

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COVID-19 Vaccine

Frequently Asked Questions

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A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

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There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

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"This initiative will ensure that the premise of the BC touch points are safe and secure for all the people. We also like to thank our Business Correspondents for their support at the hour of the need."
PTI
first published: Mar 28, 2020 08:35 pm

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