Bank of Baroda signs MoU with Border Security Force for Salary and Pension Accounts
New Delhi : Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the signing of a Memorandum of Understanding (MoU) with Border Security Force to extend the Baroda Central Forces Salary Package offerings to its serving personnel and pensioners. The MoU covers special benefits including enhanced free comprehensive Personal Accident Insurance Cover (PAI), special offers on Yoddha Retail Loans, Debit and Credit Cards and a host of other benefits.
Lt. Gen. Ranbir Singh Salaria, PVSM VSM (Retd), Chief Defence Banking Advisor, Bank of Baroda said, “We are grateful to Border Security Force for choosing to bank with us. The signing of the MoU with BSF, the largest such force in the world, gives Bank of Baroda the opportunity to serve the brave men and women guarding our country’s borders and fulfill their banking needs with a full range of products and services.”
Benefits of the Baroda Central Forces Salary Package for Border Security Force*:
- Free Personal Accident Insurance offerings
- Salary account death cover – On-duty up to ₹75 Lakh and Off-duty up to ₹60 Lakh, along with Permanent Partial Disability/ Permanent Total Disability and add-on covers
- Pension account death cover – Up to ₹35 lakh along with Permanent Partial Disability/ Permanent Total Disability and add-on covers
- Additional PAI cover: ₹10 Lakh on bob World Yoddha Debit Card
- Additional PAI cover: ₹20 Lakh on Credit Card subject to eligibility
- Air Accident Insurance Cover up to ₹100 Lakh for serving personnel
- Yoddha Retail Loans with special benefits
- Other benefits such as unlimited free transactions at all bank ATMs and waiver of issuance/ annual fee on debit card, 50% waiver on locker rentals, free remittances through all modes etc.