Bank of Baroda signs MoU with Telangana State Police Department for Baroda Police Salary Package

Hyderabad : Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the signing of a Memorandum of Understanding (MoU) with Telangana State Police (TSP) to extend the Baroda Police 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.

After the approval of the MoU by Shri Anjanikumar, IPS, Director General of Police Telangana, the MoU was signed between Smt. Abhilasha Bisht, IPS, ADGP (Welfare &  Sports) on behalf of Telangana Police and Shri Ritesh Kumar, General Manager and Zonal Head, Bank of Baroda, Hyderabad Zone. Lt Gen RS Salaria, PVSM, VSM (Retd), Chief Defence Banking Advisor, Bank of Baroda and Brigadier S K Prasad (Retd), Defence Banking Advisor, Hyderabad Zone were also present during the signing ceremony amongst others.

The Baroda Police Salary Package offers many benefits to the TSP, including Personal Accident Insurance Death Cover up to Rs.1.05 crore on duty and up to Rs.90 lakh off duty. In addition, it offers Permanent Total Disability cover up to Rs.60 lakh and Permanent Partial Disability cover up to Rs.30 lakh.

Shri Ritesh Kumar, General Manager and Zonal Head, Bank of Baroda said, “We are grateful to Telangana State Police for choosing to bank with us. The signing of the MoU gives Bank of Baroda the opportunity to serve the brave men and women of TSP who are diligently serving the people of the state and fulfil their banking needs with a full range of products and services.”