A Memorandum of Understanding (MoU) has been signed between Bandhan Bank and the Indian Army for the launching of Bandhan Bank Shaurya Salary Account. It comes with banking privileges for the Indian Army. Services under Bandhan Bank Shaurya Salary Account will be offered to serving personnel of the Indian Army through the Bank’s network of banking outlets. The account will offer a host of features, including zero balance facility with 6% interest on balance above Rs.1 lakh, unlimited free ATM transactions across ATMs, waiver of issuance and annual charge on Shaurya Visa Platinum Debit Card and unlimited free NEFT/RTGS/IMPS/DD transactions.
Bandhan Bank Shaurya Salary Account also offers protection for self and assets. This includes free personal accident insurance of Rs.30-lakh, air accident cover of Rs.1-crore and free educational benefit of up to Rs.1-lakh per year for 4 years to the dependent child in case of accidental death of the account holder. The MoU was signed by Lt. Gen. Ravin Khosla (AVSM, SM, VSM), DG (MP & PS), Indian Army, and Chandra Shekhar Ghosh, Managing Director & CEO, Bandhan Bank, in presence of Lt. Gen. Harsha Gupta (AVSM, YSM, VSM), in New Delhi.
