NEW DELHI: Bank of Baroda (BoB) has signed a Memorandum of Understanding (MoU) with the Indian Army under which the bank would offer customised services along with a host of facilities to account holders.
The MoU includes handsome free personal accident insurance cover, free air accident insurance cover of Rs 15 lakh to Rs 50 lakh and an overdraft facility up to three times of monthly net salary, the public sector bank said in a statement.
It said that the features are also applicable for pensioners of Indian Army up to the age of 70 years. The second-largest public sector bank with more than 9,500 branches will provide customised banking experience for serving and retired personnel of the Indian Army, it added.
The agreement was signed by Lt Gen Harsha Gupta of Indian Army and BoB Executive Director Vikramditya Singh Khichi, it said.