The Business Bytes
TBB BUREAU
NEW DELHI, JANUARY 5, 2021
Bandhan Bank on Tuesday signed a Memorandum of Understanding (MoU) with the Indian Army for the Bandhan Bank Shaurya Salary Account which comes with banking privileges meant for the bravehearts of the Indian Army.
The MoU was signed by Lt. Gen. Ravin Khosla, DG (MP & PS), Indian Army, and Chandra Shekhar Ghosh, Managing Director & CEO, Bandhan Bank, here.
Services under Bandhan Bank Shaurya Salary Account will be offered to serving personnel of 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 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 dependent child in case of accidental death of the account holder.
Speaking on the occasion, Lt. Gen. Ravin Khosla said, “We are delighted to welcome Bandhan Bank. Their pan India presence and wide variety of banking products and services will help our personnel get access to hassle-free banking.”
“It is a privilege for Bandhan Bank to get the opportunity to serve the bravehearts of the Indian Army. Being a young Bank, it is a great honour for us that the Indian army selected us for their banking needs,” said Bandhan Bank MD Chandra Shekhar Ghosh.
