Bank of Baroda signs MoU with Assam Rifles to provide salary package to central forces
Bank of Baroda (Bank), one of India’s leading public sector banks, today announced that the bank has signed a Memorandum of Understanding (MoU) with the oldest paramilitary Assam Rifles to provide Baroda Central Force Salary Package. Huh. Under the agreement, Bank of Baroda will offer Baroda Central Force Salary Package to all serving and retired personnel of Assam Rifles. Apart from this, the bank will also offer special benefits including personal accident insurance and a co-branded credit card.
The MoU between the Bank and the Assam Rifles was signed by Col. PS Singh, Col. Administration, Headquarters, Directorate General, Assam Rifles and Shri Debarta Das, Zonal Manager, Kolkata Zone, Bank of Baroda.
Benefits of Baroda Central Forces Salary Package for Assam Rifles
Personal Accident Insurance (PAI)
In case of death, covering serving and retired Assam Rifles personnel between the age group of 18-70 years. For on-duty personnel, the Personal Accident Sum Assured will be Rs. 43.75 lakhs and for off-duty personnel, the Personal Accident Sum Assured is Rs. 35 lakhs.
Disability: Total disability – Rs 35 lakh; Partial Disability – Rs 17.5 lakh
co-branded credit card
Speaking on the occasion, Lt Gen Ranbir Singh Salaria, PVSM, VSM (Retd.), Chief Defense Banking Adviser, Bank of Baroda said, “We at Bank of Baroda are proud to serve the Assam Rifles and extend our best-in Honored to be able. -Class banking services to them. The Bank’s specially designed Central Force Services Package is designed to support the banking needs of our national heroes and their families.
As part of the MoU, Bank of Baroda offers a wide bouquet of services like free unlimited transactions at all bank ATMs, free remittance services – NEFT/RTGS online or through branch, free debit cards, free unlimited demand draft facilities, 50% off will provide. Discount on locker rent, 100% discount on demat annual maintenance charges and 75% off on gift and travel card issuance charges.
(Except for the headline, this story has not been edited by News East India staff and is published from a syndicated feed.)