The Bank of Baroda on Wednesday announced the signing of a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) for salary savings accounts. As part of the MoU, the Bank of Baroda will offer the Baroda Military Salary Package to uniformed personnel and ex-servicemen of the Indian Air Force. The MoU includes exclusive benefits including enhanced complimentary comprehensive Personal Accident Insurance (PAI), great personal loan offers and more.
The MOUs were formally exchanged at the Indian Air Force Auditorium in New Delhi. The event was attended by the Chief of Air Staff, Air Chief Marshal Vivek Ram Choudhary, PVSM, AVSM, VM, ADC, Air Vice Marshal Ashok Saini, VSM, ACAS (Accounts & Air Veterans) and Vikramaditya Singh Khichi, Executive Director, Bank, part. Why Barod?
Vikramaditya Singh Khichi, Executive Director of Bank of Baroda, said: “The Bank of Baroda is privileged and honored to provide our services to the Indian Air Force – one of India’s most respected institutions and guardian of our skies. We have a long history of providing world-class products and services to the Indian Armed Forces and our specially curated payroll accounts will enhance the banking experience for Indian Air Force personnel and their family members. Backed by digital solutions, an extensive branch network and the highest standards of customer service, we look forward to a long and rewarding relationship with the Indian Air Force.
The Baroda Military Salary Package includes attractive benefits such as free comprehensive accident insurance coverage of up to Rs. 105 for serving personnel and Rs. 70 debit card. Unlimited free transactions at all ATMs, lifetime free credit cards, CIBIL-based rates and other attractive loan offers independent of ROI Yodha Retail Loans and Baroda Radiance Premier Banking Program Extended for Galantry Award Winners and above (Group Captain and above) even if relationship has value.
Other benefits include 50% discount on locker rental, free transfer – 100% discount on RTGS / NEFT / IMPS (across all modes), demat annual maintenance fees, etc.
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