Bandhan Bank on January 5 signed a Memorandum of Understanding (MoU) with the Indian Army for the Bandhan Bank Shaurya Salary Account which comes with banking privileges for the Army personnel.
In presence of Lt Gen. Harsha Gupta (AVSM, YSM, VSM), the MoU was signed by Lt Gen. Ravin Khosla (AVSM, SM, VSM), DG (MP & PS), Indian Army, and Chandra Managing Director & CEO, Bandhan Bank Shekhar Ghosh.
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 percent 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 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. We look forward to a long and fruitful association with Bandhan Bank.”
Chandra Shekhar Ghosh said, “It is a privilege for Bandhan Bank to get the opportunity to serve the brave hearts 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. All the staff members of the Bank are looking forward to serve those who have always put the nation first.”