Indian Army, Bank of Baroda sign MoU for military salary package ANI | Updated: Dec 22, 2020 19:33 IST
New Delhi [India], December 22 (ANI): The Ministry of Defence on Tuesday said that the Indian Army and Bank of Baroda have entered into a Memorandum of Understanding (MoU) for Baroda Military Salary Package under which services 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. Indian Army and Bank of Baroda have entered into a Memorandum of Understanding (MoU) for Baroda Military Salary Package. The MoU was signed by Lieutenant General Ravin Khosla, DG (MP&PS) and Vikramaditya Singh Khichi, Executive Director, Bank of Baroda in presence of Lieutenant General Harsha Gupta, Adjutant General, Indian Army who also chaired the meeting, the Ministry of Defence said in an official release.
Bank of Baroda signs MoU with Defence Forces for its newly launched Baroda Military Salary Package
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Indian Army, BoB sign MoU for military salary package
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Indian Army and Bank of Baroda enter into MoU for Baroda Military Salary Package @adgpi 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 (Manpower Planning and Personnel Services) and Vikramaditya Singh Khichi, Executive Director, Bank of Baroda. The MoU lays down the basis on which banking services would be provided by Bank of Baroda to serving and retired Army personnel.
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.