Kotak Mahindra Bank signed MoU with Indian Army

Current Context: India’s private sector bank, Kotak Mahindra Bank has signed MoU with the Indian Army.

• The MoU was signed to provide a salary to the accounts of all active and retired army personnel.
• The bank will also provide additional benefits to the army personnel.
• This MoU will enable the bank to offer its products and services to the active and retired Indian army personnel.
• The zero balance salary account of army personnel will earn an interest of upto 4% per annum.
• The bank will also offer free unlimited ATM usage on all VISA ATMs.
• Also, a complimentary personal accident insurance cover for on-duty and off-duty incidents will be granted to army personnel.
• The bank will offer educational benefits for the salary account holder’s children up upto age 22 years for the case of an accident claim.
• Zero processing fees will be charged for loan filing, unlimited cheque book facility, best in class rates Demat accounts will be offered by Kotak Mahindra Bank to the army personnel.
• Static Part: 
• HQ of Kotak Mahindra Bank: Mumbai
• Tagline of Kotak Mahindra Bank: Let’s Make Money Simple

Question: 

Q.1 Which bank signed MoU with the Indian Army for salary accounts?
a. Axis Bank
b. Karnataka Bank
c. Kotak Mahindra Bank
d. State Bank of India