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Bank of Baroda inks MoU with FSSAI to provide customised web-based payment solution
Aug-01-2025

Bank of Baroda has signed a Memorandum of Understanding (MoU) with the Food Safety and Standards Authority of India (FSSAI) to provide a customised web-based payment solution -- FSSAI Payment Solution.

This collaboration aims to promote ease of doing business by streamlining the digital payment interface with various stakeholders engaging with FSSAI. The solution will simplify and automate the disbursement of grants, vendor payments, and Management Information System (MIS) functionalities. The implementation of this IT-based platform will enable FSSAI and its affiliated agencies to manage grants and payments efficiently. It will also ensure effective monitoring and control over the Nodal Account, including seamless fund flow to State Child Accounts and District Sub-Child Accounts for improved financial oversight and transparency.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

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