Bandhan Bank Signs MoU with IAF for Shaurya Salary Account

Current Context: On March 26, 2025, Bandhan Bank signed an MoU with the Indian Air Force (IAF) in New Delhi to introduce the Shaurya Salary Account, a specialized banking solution for defense personnel.

• Aim: To provide specialized banking solutions for defense personnel through the Shaurya Salary Account, offering exclusive benefits tailored to their needs.

Highlights:

• Features include a zero-balance savings account, insurance coverage for personnel and families, and attractive interest rates.
• Bandhan Bank serves as a SPARSH Service Centre, supporting defense pensioners and their families through 557 designated branches.
• The initiative strengthens Bandhan Bank's partnership with government organizations and enhances banking services for the Indian Air Force.

Question:

Q.1 What is the primary objective of the Shaurya Salary Account launched by Bandhan Bank for IAF personnel?
a) To offer low-interest loans for businesses
b) To promote agricultural financing
c) To encourage financial literacy programs
d) To provide exclusive banking banking solutions for defense personnel

Answer: d) The Shaurya Salary Account is designed specifically for defense personnel, offering customized banking solutions such as zero-balance savings, insurance coverage, and attractive interest rates.