Question 1203

Which of the following bank had signed a Memorandum of Understanding (MoU) with Assam Rifles?

Answer

Bank of Baroda

Why?

Correct answer is Bank of Baroda Key Points ​ BoB Signs MoU with Assam Rifles to Provide Central Forces Salary Package Bank of Baroda (BoB) had signed a Memorandum of Understanding (MoU) with Assam Rifles, the oldest paramilitary force, to provide the ‘Baroda Central Forces Salary Package (BCFSP)’ to all personnel of the Assam Rifles, both serving and retired. The MoU was signed by Colonel P S Singh, Colonel Administration, Head Quarters, Directorate General, Assam Rifles and Debarata Das, Zonal Manager, Kolkata Zone, BoB. ​ Additional Information Benefits Offered through the agreement BoB will offer services such as free unlimited transactions at all Bank ATMs, free remittance services like National Electronic Fund Transfer (NEFT)/ Real Time Gross Settlement (RTGS) online or through branch, free debit card, free unlimited demand draft facilities, 50 percent discount on locker rentals, 100 percent waiver on Demat annual maintenance charges and 75 percent waiver on issuance charges for Gift and Travel cards. It also offers special benefits like Personal Accident Insurance (PAI) and a co-branded credit card. PAI -In case of death, cover to the serving and retired Assam Rifles personnel between the age group of 18-70 years. For on-duty personnel, the cover will be Rs. 43.75 lakh and for off-duty personnel, Rs. 35 lakh. For total Disability, the cover will be Rs 35 lakh and for partial disability, it is Rs 17.5 lakh ​ About Bank of Baroda (BoB) Establishment - 20 July 1908 Headquarters - Vadodara, Gujarat (Head office), Mumbai, Maharashtra (Corporate centre) CEO & Managing Director (MD) - Sanjiv Chadha Tagline - India's International Bank.