We value your valour
Open Central Forces Salary Account and get attractive benefits.
Salary and Pension Solutions for Indian Central Forces Personnel
-
Benefits
-
Eligibility
-
Documents Required
-
Most Important Terms and Conditions (MITC)
Salary and Pension Solutions for Indian Central Forces Personnel : Benefits
Personal Accidental Insurance offerings for Serving Personnel
Eligibility Age:
- Minimum : 18 Years
- Maximum : 60 Years or retirement age whichever is earlier
Free PAI Coverage:
- PAI Death Cover - On- duty upto ₹ 105 Lakhs and Off-duty upto ₹ 90 Lakhs
- Salary account cover On-duty ₹ 75 Lakhs and Off-duty ₹ 60 Lakhs
- Additional cover ₹ 10 Lakhs on Debit Card (Rupay variant)
- Additional cover ₹ 20 Lakhs on Credit Card (Co-branded Credit card)
- Permanent Total Disability (PTD) cover upto ₹ 60 Lakhs
- Permanent Partial Disability (PPD) cover upto ₹ 30 Lakhs
Free Add-on covers:
- Daughters’ Marriage Cover (18-25 Years): upto ₹ 6 Lakhs (10% of entitled Base PAI Cover)
- Child Higher Education cover: upto ₹ 6 Lakhs (10% of entitled Base PAI Cover)
- Air Accident Insurance cover upto ₹ 1 Crore
- Inclusion of deaths in active operations in Personal Accident Insurance
- Transportation of Dead Body- maximum upto ₹ 50000/-
- Cost of Plastic Surgery / Burn- maximum upto ₹ 2 Lakhs
Free Personal Accidental Insurance for Veterans
- Eligibility Age:
- Minimum : 60 Years or retirement age whichever is earlier
- Maximum : 70 Years
- PAI Death Cover - upto ₹ 65 Lakhs
- Pension account cover upto ₹ 35 Lakhs
- Additional cover ₹ 10 Lakhs on Debit Card (Rupay variant)
- Additional cover ₹ 20 Lakhs on Credit Card (Co-branded Credit card) upto 70 Years
- Permanent Total Disability (PTD) cover upto ₹ 35 Lakhs
- Permanent Partial Disability (PPD) cover upto ₹ 17.50 Lakhs
- Maximum Base PAI Cover ₹ 60 Lakhs for Serving Personnel / ₹ 35 Lakhs for Veterans
- Maximum Base PAI cover subject to 10 times of Gross Annual Income of salary / pension account holder or any of the above mentioned applicable Insurance Coverage whichever is less
- Air tickets to be booked with Bank’s debit card for Air Accident Insurance cover
- Higher Education cover applicable for Graduation courses
- All the benefits are subject to regular monthly credit of Salary / Pension in the Savings account
- PAI offered through Debit and Credit is subject to the terms and condition of Card Policy
Important Terms and Conditions for Personal Accidental Insurance Cover
Benefits in ATM transactions
- Unlimited Free Transactions at all ATMs (BOB and other Bank ATMs)
- Cash on mobile ATMs: Cardless Cash withdrawal service from Bank of Baroda ATMs
Benefits in Yoddha Debit card
- Lifetime Free Debit Card
- Free Accidental Death and Permanent Total Disability cover of ₹ 10 Lakhs is offered through Yoddha Debit card
- Personal Accident Insurance - Death and Total disability cover of ₹ 10 Lakhs.
- Waiver of Issuance/ Re-issuance / Annual Fee
- Other attractive offers to know more click here
Benefits in Credit Card
- Lifetime Free Credit card subject to eligibility.
- Free Accidental Death Cover (Air & Non-Air) of ₹ 20 Lakhs with Co-branded Credit Card.
- Other attractive offers to know more click here
Other Benefits
- Account opening through Video KYC and Tab Banking
- Free Remittances – RTGS / NEFT / IMPS (through all modes)
- Free Unlimited – Demand Draft / Banker’s Cheque
- Free Unlimited – Personalized Cheque books
- Free Mobile Banking – Save, Borrow, Invest, Shop through bob World App
- Free Internet Banking – bob World Internet
- 50% waiver on Locker Rentals
- 100% waiver on Demat Annual maintenance charges
- 75% waiver on issuance charges for Gift and Travel Card
- Baroda Radiance Program for Customers with Net Relationship Value of ₹ 30 Lakhs and above
Retail Loan Facilities
- Salary Overdraft up to ₹ 3.00 Lakhs
- Digital Loans available
- Pre-approved Loans available
- Personal Loan upto ₹ 20 lakhs at attractive pricing
- YODDHA LOANS (Auto, Home, Two Wheeler, Education and Pension Loans)
- 100% Processing charges waiver *
- ROI independent of slab system linked in CIBIL with attractive offers*
- Scheme benefits extended to Veterans*
*Subject to terms and condition
Salary and Pension Solutions for Indian Central Forces Personnel : Eligibility
Eligibility criteria
- For salaried employee:
- Scheme is applicable for regular employee
- Scheme will be applicable after credit of one month salary of the employee and thereafter regular salary credit in the account
- At the time of opening of account of employees who are having salary arrangement with other Banks, employees shall provide a mandate to shift their salary to Bank of Baroda in the organization payroll department
- For pensioner:
- Scheme will be applicable after credit of one month pension to the pensioners’ account and thereafter regular pension credit in the account
Or
Employees of listed Forces are eligible
- Assam Rifles
- Border Security Forces
- GREF (Border Roads Organization - BRO)
- Indo-Tibetan Border Police
- Sashastra Seema Bal
- Central Industrial Security Force
- Central Reserve Police Force
- Railway Protection Force
- National Disaster Response Force
- Special Security Forces
Salary and Pension Solutions for Indian Central Forces Personnel : Documents Required
List Of Valid KYC Documents For Account Opening | |
Permanent Account Number (PAN)/ FORM60 is mandatorily to be obtained while opening of the accounts as per extant Reserve Bank of India Guidelines. | |
Mandatory Documents for defence personnel
|
|
Officially Valid Documents (OVDs) for Accounts of Individuals
|
|
Deemed Officially Valid Documents, In case OVD does not contain current/ updated address.
(At least one document from the list is Required)
|
|
Salary and Pension Solutions for Indian Central Forces Personnel : Most Important Terms and Conditions (MITC)
Need Assistance?
