Indian Army and Bank of Baroda have gone into a Memorandum of Understanding, MoU for Baroda Military Salary Package. The MoU was endorsed by Lt Gen Ravin Khosla, DG (Manpower Planning and Personnel Services) and Vikramaditya Singh Khichi, Executive Director, Bank of Baroda. The MoU sets out the premise that Bank of Baroda would give banking administrations to serving and resigned Army faculty.
The bundle offers alluring advantages including free Personal Accidental Insurance cover, Permanent Total Disability cover, Partial incapacity Cover and Air Accident Insurance Cover of sizeable sums, just as Higher Education Cover Girl Child Marriage Cover on death in the event of serving workforce.
Different contributions under the bundle incorporate limitless free ATM exchanges at all bank ATMs, waivers or concessions on additional assistance charges in retail credits, open settlement office through RTGS or NEFT, free Demand Draft or Banker’s Check, markdown in storage rentals, and different extra advantages in the use of Cards.