Bank of Baroda signs MoU with Indian Army for customised services

Bank of Baroda (BoB) has signed a Memorandum of Understanding (MoU) with the Indian Army under which the bank would offer customised services along with a host of facilities to account holders.

The MoU includes handsome free personal accident insurance cover, free air accident insurance cover of Rs 15 lakh to Rs 50 lakh and an overdraft facility up to three times of monthly net salary. The features are also applicable for pensioners of Indian Army up to the age of 70 years.

Static/Current Takeaways Important For RRB NTPC/IBPS RRB Mains:

  • Managing Director & CEO of BOB: P S Jayakumar; Headquarters: Baroda, Gujarat.

Source: The Hindu

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