Friday, Mar 14 2025 | Time 16:16 Hrs(IST)
Business EconomyPosted at: Mar 6 2025 7:16PM


BoI signs MoU with Indian Army; to offer BoI Rakshak Salary Package

New Delhi, Mar 6 (UNI) Public sector Bank of India on Thursday said it has signed a Memorandum of Understanding (MoU) with the Indian Army to extend the BOI Rakshak Salary Package to Army Personnel, Veterans and Agniveers recruited under the Agnipath Scheme.
The MoU covers special benefits including enhanced free comprehensive Personal Accident Insurance Cover (PAI), attractive offers on Debit and Credit Cards and a host of other offers, the Bank said in a statement.
Lt. Gen Rajeev Puri thanked BOI for extending the bouquet of services to Indian Army. He also suggested to have some Defence Friendly Branches of the Bank at Army Dominant areas.
Subrat Kumar, Executive Director Bank of India said, “We are proud to be associated with the Indian Army and happy to extend the Benefits of our Rakshak Salary Scheme. He assured best banking products and customer service, supported by state-of-the-art digital infrastructure.”
Kumar also urged that Army Pensioners should avail the benefits of BOI Door Step Banking. On Behalf of Bank of India, he expressed his gratitude towards the Indian Army.
BOI’s Rakshak Salary Scheme is a specially crafted salary account for personnel working in Defence Forces, Paramilitary, and State Police. It offers free personal accidental insurance cover of up to Rs 100 lakhs, free air accidental coverage of Rs 200 lakhs, along with many other privileges and concessions, with applicable terms and conditions.
UNI SKB CS1915
Please log in to get detailed story.
Tags: #BoI signs MoU with Indian Army; to offer BoI Rakshak Salary Package
More News
Air India launches 'Maharaja Club Points Plus’ offer

Air India launches 'Maharaja Club Points Plus’ offer

13 Mar 2025 | 11:49 PM

Kochi, Mar 13 (UNI) Air India, India’s leading global airline, has introduced ‘Maharaja Club Points Plus’ offer which enables frequent flyer members to maximise the reward points earned with eligible bank partners.

see more..
Canara Bank proposes to raise up to Rs 4,000 cr through Basel III-Compliant Tier II bonds

Canara Bank proposes to raise up to Rs 4,000 cr through Basel III-Compliant Tier II bonds

13 Mar 2025 | 10:57 PM

Hyderabad, Mar 13 (UNI) Canara Bank is proposing to raise up to ₹4,000 crores through Basel III–Compliant Tier II Bonds.

see more..

TVS Motors partner with PLI to elevate Indian Motorsport excellence

13 Mar 2025 | 10:57 PM

Hyderabad, Mar 13 (UNI) TVS Motor Company (TVSM) - a leading global automaker in the two and three-wheeler segment, on Thursday said that it has further strengthened its partnership with PETRONAS Lubricants International (PLI) to elevate the Indian motorsport landscape.

see more..

AbhiBus partner with Telangana Police to strengthen Bus Travel Security in Telangana

13 Mar 2025 | 10:55 PM

Hyderabad, Mar 13 (UNI) AbhiBus, India’s leading bus ticketing platform, on Thursday announced it has entered into a strategic partnership with T-Safe, a safety initiative of the Telangana Police, to strengthen bus commuter security.

see more..

Housing sector in India witnesses upsurge amid govt scheme credit growth at 14 pc : NHB reports

13 Mar 2025 | 7:41 PM

Kolkata, Mar 13 (UNI) India's housing sector is experiencing unprecedented growth, fueled by robust government initiatives and favourable market conditions.

see more..