Bank Of Baroda Signs MoU With The Indian Air Force

Bank Of Baroda Signs MoU With The Indian Air Force

Bank of Baroda Bank, one of India’s premier public sector banks, announced today the signing of a Memorandum of Understanding (MoU) for Salary Savings Accounts with the Indian Air Force (IAF). According to the terms of the agreement, the Bank of Baroda would provide a Baroda Military Salary Package to uniformed personnel and veterans of the Indian Air Force. The MoU includes expanded free comprehensive Personal Accident Insurance cover (PAI), attractive offers on Retail Loans, and a slew of additional perks.

At the Indian Air Force Auditorium in New Delhi, the MoUs were ceremoniously exchanged. The ceremony was attended by Air Vice Marshal Ashok Saini, VSM, ACAS (Accounts & Air Veterans), Air Chief Marshal Vivek Ram Chaudhari, PVSM, AVSM, VM, ADC, and Shri Vikramaditya Singh Khichi, Executive Director, Bank of Baroda.

“We are happy and honoured to be able to deliver our services to the Indian Air Force – one of India’s most prominent organisations and the guardians of our skies,” said Shri Vikramaditya Singh Khichi, Executive Director of Bank of Baroda. Our specially curated pay accounts will improve the banking experience for Indian Air Force members and their families, and the Bank has a long history of providing world-class products and services to the Indian Armed Forces. We look forward to long and fruitful cooperation with the IAF, which will be supported by cutting-edge digital technology, a broad branch network, and the best customer service standards.”

The Baroda Military Salary Package includes lucrative benefits* like free comprehensive personal accident insurance up to INR 105 Lakh for serving personnel and up to INR 70 Lakh for Veterans, air accident insurance up to INR 100 Lakh for serving personnel, lifetime free Debit Card with unlimited free transactions at all Bank ATMs, lifetime free Credit Card, Yoddha Retail Loans at ROI independent of CIBIL based pricing and other alluring loan offers, as well as the Baroda Military Salary Package.

Other benefits* include a 50% discount on locker rentals, free remittances – RTGS / NEFT / IMPS (through all modes), and a 100% discount on Demat Annual Maintenance Charges.