Our Indian Army Authorities and Bank of Baroda have entered in to a
MEMORANDUM OF UNDERSATANDING ( MOU)
This is called as “BARODA MILTARY SALARY PACKAGE”.
It is similar to SBI DSP - Defence Salary Package.
This account is provided for serving and retired Military personnel.
The Attractive
benefits are:
Personal Accidental Insurance cover, Permanent/Partial Disability cover, Air Accident insurance cover, Child Education and Giorl child marriage cover on death in case of Serving Military Personnel.
Unlimited Free ATM transactions at all Bank’s ATM-
Free Remittance facilities through RTGS / NERT.
No commission for DD/ Bank cheques -
Various additional benefits in usage of Cards.
Our veterans having accounts with bank of Baroda can convert their existing pension account in to this Baroda Military Salary Package and avail the facilities,
SOI; Pensioners Advocate- Jan 2021 ,