Indian Army and Bank of Baroda signed MoU to provide services to serving and retired personnel

Indian Army and Bank of Baroda signed MoU to provide services to serving and retired personnel


Indian Army and Bank of Baroda signed a Memorandum of Understanding (MoU) on 30 Sept 2019 This Memorandum of Understanding (MoU) lays down the basis on which Bank of Baroda would be providing banking services to serving and retired personnel of the Indian Army.

The ceremony of Memorandum of Understanding (MoU) was chaired by Lieutenant General Ashwani Kumar, (Adjutant General). The Memorandum of Understanding was signed by Lt Gen Harsha Gupta, Director General (Manpower and Personnel Services) and Shri Vikramaditya Singh Khichi, Executive Director, Bank of Baroda.

Some salient features of this Memorandum of Understanding includes Free Personal Accident Insurance (Death & Permanent Total Disability) cover, Free Air Accident Insurance (AAI) cover of Rs 15 lakhs to Rs 50 lakhs and overdraft facility upto three times of monthly net salary.  These features are also applicable for pensioners of Indian army upto the age of 70 yrs.

Bank of Baroda is the 2nd largest Public Sector bank with extensive national and international presence having 9500+ domestic branches and presence in 24 countries. Through this Memorandum of Understanding (MoU), bank has assured a new and customized banking experience for serving and retired personnel of Indian Army.

Jai Hind!

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