- Through this MoU, BOB will be offering customized banking services along with a host of facilities to the account holders.
- The banking services will be offered through ‘Baroda Military Salary Package’.
- Also, the bank has renewed its MoU with the Indian Army to offer customized banking solutions.
- The ‘Baroda Military Salary Package’ will be offered through 8200 domestic branches of the bank and through 20,000 business correspondents touchpoints.
- The package will be offered to serving as well as retired officers of IN and ICG.
- The package is comprised of benefits like free personal accident insurance cover, permanent total disability cover, Partial disability Cover and Air Accident Insurance Cover of sizable amounts.
- The package also offers benefits like Higher Education Cover and Girl Child Marriage Cover on death in case of serving personnel.
- It is also included with 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 the usage of Cards.
- Static Part:
- HQ of BOB: Vadodara, Gujarat
- MD and CEO of BOB: Sanjiv Chadha.
- Tagline of BOB: India’s International Bank
Question:
Q.1 Which bank signed MoU with Indian Navy and Indian Coast Guard?
a. Federal Bank
b. Bank of Baroda
c. State Bank of India
d. HDFC Bank
a. Federal Bank
b. Bank of Baroda
c. State Bank of India
d. HDFC Bank
