What is Agniveer scheme?

Specially curated Saving account offered to Personnel recruited under Agnipath scheme of GOI as Agniveers in Indian Army, Indian Navy and Indian Air Force. They are recruited for a service tenure of 4 Years.

What are the eligibility criteria to open account under this scheme?

Personnel recruited in Indian Army, Indian Air Force, Indian Navy as Agniveer are eligible under this scheme

What is the Agniveer salary package under Agnipath scheme?

Personnel recruited under Agnipath scheme of GOI as Agniveers, under Indian Army, Indian Air Force, Indain Navy shall be eligible for PAI cover only after credit of one month salary and thereafter regular salary credit in the account. Since the Agniveers are recruited for a period of 4 Years they will

What are the benefits of Agniveer salary package?

Complimentary Personal Accident Insurance benefits with Salary Account PAI Death cover Salary account cover - On-duty upto ₹ 75 Lakhs and Off-duty upto ₹ 60 Lakhs Permanent Total Disability cover up to ₹ 60 Lakhs Permanent Partial Disability cover up to ₹ 30

What are the eligibility criteria for Personal Accidental Death Cover?

All the benefits are subject to regular monthly credit of Salary in the Savings account and PAI cover starts only after credit of one month salary. Maximum PAI cover subject to 10 times of Gross Annual Income of salary of the account holder or any of

Personal Accidental Insurance offerings for Agniveers

Salary Package for the Brave Beginners- Agniveers

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Benefits
Eligibility
Documents Required

Salary Package for the Brave Beginners- Agniveers : Benefits

Free Personal Accidental Insurance Offerings

Personal Accident Insurance Cover on Salary account
1. PAI Death Cover : On-duty PAI cover upto ₹ 75 Lakhs and Off-duty PAI cover upto ₹ 60 Lakhs
2. Permanent Total/ Partial Disability cover up to ₹ 60 Lakhs
3. Air Accident Insurance Cover up to ₹ 100 Lakhs
4. Inclusion of deaths in active operations in Personal Accident Insurance
5. Transportation of Dead body – Actual cost or ₹ 50,000/- whichever is lower
6. Cost of Plastic Surgery / Burn up to ₹ 2 Lakhs
Additional Personal Accidental Death and Permanent Total Disability cover of ₹ 10 Lakhs on available Agniveer Debit Card – Rupay variant
Additional Personal Accidental Death Cover (Air & Non-Air) of ₹ 20 Lakhs on available Co-branded Credit Card

Most Important terms & conditions for PAI cover*

Entry Age: 17.5 years (PAI Cover starts at 18 years) Applicant whose age is less than 18 years at the time of opening account under the scheme shall be eligible for PAI cover only on attaining age of 18 years.
Maximum PAI cover is subject to 10 times of Gross Annual salary of the account holder for any of the above mentioned applicable Insurance Coverage.
Air tickets to be booked with Bank’s debit card for Air Accident Insurance cover.
PAI offered on Debit and Credit card are subject to terms & conditions of card policy.
All the benefits are subject to regular monthly credit of Salary in the Savings account and will be available only upto the tenure of Agniveer.

Other Benefits

Agniveer Debit Card: Unlimited Free ATM usage at all Bank's ATMs, Waiver of Issuance Fee & Annual Fee charges
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

*All facilities are Subject to terms and condition

Salary Package for the Brave Beginners- Agniveers : Eligibility

Applicant whose age is less than 18 years at the time of opening account under the scheme shall be eligible for insurance cover only on attaining age of 18 years. Scheme is applicable for Personnel recruited under Agnipath scheme as Agniveers
Scheme will be applicable after credit of one month salary and thereafter regular salary credit in the account

Employees of listed Forces are eligible

Indian Army
Indian Navy
Indian Air Force

Salary Package for the Brave Beginners- Agniveers : 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 Agniveer personnel	Appointment Letter/ ID card / service certificate
Officially Valid Documents (OVDs) for Accounts of Individuals	Passport PAN card Driving license with photo Proof of possession of Aadhaar Number Voter’s Identity Card issued by Election Commission of India Letter issued by the National Population Register containing details of Name and Address
Deemed Officially Valid Documents, In case OVD does not contain current/ updated address. (At least one document from the list is Required)	Utility bill of any service provider i.e. electricity, telephone, postpaid mobile phone, piped gas, water bill (not more than two months old) Property or Municipal Tax receipt; Letter of allotment of accommodation from employer issued by State or Central Government departments, statutory or regulatory bodies, and public sector undertakings, scheduled commercial banks, financial institutions and listed companies. Similarly, leave and license agreements with such employers allotting official accommodation

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What is Agniveer scheme?

Specially curated Saving account offered to Personnel recruited under Agnipath scheme of GOI as Agniveers in Indian Army, Indian Navy and Indian Air Force. They are recruited for a service tenure of 4 Years.
What are the eligibility criteria to open account under this scheme?

Personnel recruited in Indian Army, Indian Air Force, Indian Navy as Agniveer are eligible under this scheme
What is the Agniveer salary package under Agnipath scheme?

Personnel recruited under Agnipath scheme of GOI as Agniveers, under Indian Army, Indian Air Force, Indain Navy shall be eligible for PAI cover only after credit of one month salary and thereafter regular salary credit in the account. Since the Agniveers are recruited for a period of 4 Years they will be eligible for benefits for the service tenure only.
What are the benefits of Agniveer salary package?
Complimentary Personal Accident Insurance benefits with Salary Account

PAI Death cover Salary account cover - On-duty upto ₹ 75 Lakhs and Off-duty upto ₹ 60 Lakhs

Permanent Total Disability cover up to ₹ 60 Lakhs

Permanent Partial Disability cover up to ₹ 30 Lakhs

Air Accident Insurance Cover up to ₹ 100 Lakhs

Inclusion of deaths in active operations in Personal Accident Insurance

Transportation of Dead body – Actual cost or ₹ 50,000/- whichever is lower

Cost of Plastic Surgery / Burn up to ₹ 2 Lakhs

OTHER BENEFITS

Additional PAI death and PTD cover of ₹ 10 Lakhs on Yoddha Debit Card – Agniveer Debit Card

Additional PAI cover of ₹ 20 Lakhs on Yoddha / Varunah / Vikram Credit Card subject to eligibility

Salary Overdraft maximum upto 1 Month net salary credit

Unlimited Free Transactions at all Bank ATMs

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 bobWorld App

Free Internet Banking – Baroda Connect

50% waiver on Locker Rentals

100% waiver on Demat Annual maintenance charges

75% waiver on issuance charges for Gift and Travel Card
What are the eligibility criteria for Personal Accidental Death Cover?
All the benefits are subject to regular monthly credit of Salary in the Savings account and PAI cover starts only after credit of one month salary.

Maximum PAI cover subject to 10 times of Gross Annual Income of salary of the 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.

Insurance on Debit and Credit card are subject to terms & conditions of card policy.

Applicant whose age is less than 18 years at the time of opening account under the scheme shall be eligible for insurance cover only on attaining age of 18 years. The PAI coverage will be extended upto service tenure maximum upto 4 Years. Later, if Agniveer is recruited as a regular soldier then they can avail the benefits under Baroda Military Salary Package.