BoB inks MoU with Indian Army

Bank of Baroda has signed a Memorandum of  Understanding with Indian Army. As part of the MoU the banks will offer customised services, along with a host of facilities to account holders.The MoU includes free personal accident insurance cover, free air accident insurance cover of Rs. 15 lakh to Rs.50 lakh, and an overdraft facility up to three times of the monthly net salary, the public sector bank said in a statement. The features are also applicable for pensioners of Indian Army up to the age of 70 years, it said.