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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.
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