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Baroda Military Salary Package to serving and retired personnel

December 23, 2020 G. Buvaneswari

Services under ‘Baroda Military Salary Package’ will be offered to serving and retired personnel of Indian Army

Indian Army signs MoU with Bank of Baroda for new ‘Baroda Military Salary Package’

Indian Army and Bank of Baroda have entered into a Memorandum of Understanding (MoU) for ‘Baroda Military Salary Package‘. The MoU was signed by Lt Gen Ravin Khosla, DG(MP&PS) and Shri Vikramaditya Singh Khichi, Executive Director, Bank of Baroda in presence of Lt Gen Harsha Gupta, Adjutant General, Indian Army who also chaired the meeting. The MoU lays down the basis on which banking services would be provided by Bank of Baroda to serving and retired personnel of Indian Army.

Services under ‘Baroda Military Salary Package’ will be offered to serving and retired personnel of Indian Army through the Bank’s network of over 8,200 domestic branches and around 20,000 business correspondent touchpoints.

The package offers very attractive benefits including free Personal Accidental Insurance cover, Permanent Total Disability cover, Partial disability Cover and Air Accident Insurance Cover of sizeable amounts, as well as Higher Education Cover and Girl Child Marriage Cover on death in case of serving personnel. Other offerings under the package include unlimited free ATM transactions at all bank ATMs, waivers or concessions on various service charges in retail loans, free remittance facility through RTGS/NEFT, free Demand Draft/Banker’s Cheque, substantial discount in locker rentals, and various additional benefits in usage of Cards.

Source : PIB

Related posts:

  1. Defence Salary Package agreement Signed between Indian Army and Corporation Bank
  2. Defence Salary Package MoU signed between Indian Army and SBI
  3. Review of confirmation of payment of EPF contribution by contractors in r/o of outsourcing staff
  4. Elements to be taken into account for the purpose of Encashment of leave as per 7th CPC order: MSP

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