For Your Bravery and Honour

Personal Accidental Insurance offerings for Serving Personnel

  • Benefits
  • Eligibility
  • Documents Required
  • Most Important Terms and Conditions (MITC)

Salary and Pension Solutions for Indian Military 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
    1. Salary account cover On-duty ₹ 75 Lakhs and Off-duty ₹ 60 Lakhs
    2. Additional cover ₹ 10 Lakhs on Debit Card (Rupay variant)
    3. 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:

    1. Minimum     : 60 Years or retirement age whichever is earlier
    2. Maximum   : 70 Years
  • PAI Death Cover - upto ₹ 70 Lakhs
    1. Pension account cover upto ₹ 40 Lakhs
    2. Additional cover ₹ 10 Lakhs on Debit Card (Rupay variant)
    3. Additional cover ₹ 20 Lakhs on Credit Card (Co-branded) upto 70 Years
  • Permanent Total Disability (PTD) cover upto ₹ 40 Lakhs
  • Permanent Partial Disability (PPD) cover upto ₹ 20 Lakhs

  • Important Terms and Conditions for Personal Accidental Insurance Cover
    • Maximum Base PAI Cover 60 Lakhs for Serving Personnel / 40 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

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
  • 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 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 – Open to Gallantry Award winners and for Ranks of Colonel(or other equivalent ranks) and above irrespective of Relationship value

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)
    1. 100% Processing charges waiver *
    2. ROI independent of slab system linked in CIBIL with attractive offers*
    3. Scheme benefits extended to Veterans*

*Subject to terms and condition

Salary and Pension Solutions for Indian Military Personnel : Eligibility

Eligibility criteria
  • For salaried employee:
    1. Scheme is applicable for regular employee
    2. Scheme will be applicable after credit of one month salary of the employee and thereafter regular salary credit in the account
    3. 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 organizations payroll department
  • Or

  • For pensioner:
    1. Scheme will be applicable after credit of one month pension to the pensioners’ account and thereafter regular pension credit in the account

Employees of listed Forces are eligible
  • Indian Army (Including Rashtriya Rifles)
  • Indian Navy
  • Indian Air Force
  • Indian Coast Guard

Salary and Pension Solutions for Indian Military 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


  • Employee ID/ Service certificate for Salary Accounts or
  • Pension orders (PPOs) issued to retired employees by concerned organisation for Pension Accounts
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;
  • Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, If they contain the address;
  • 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

Salary and Pension Solutions for Indian Military Personnel : Most Important Terms and Conditions (MITC)

Withdrawal(s) & use of Withdrawal Form (Slip)

Withdrawals will be allowed either by withdrawal forms or by cheques. Payment against withdrawal form along with passbook is allowed for self only with per day limit of Rs. 25000/- (Minimum Rs. 25/- in Rural/SU and Rs. 50/- in Metro/Urban)

Passbook and statement of account

Free 1st Pass Book
Rs. 100/-- per duplicate Pass Book / Statement with latest balance only.

Transfer of Account/ Scheme

Upon submission of application along with pass book and unused cheque leaves the account can be transferred to another branch/ scheme free of charge.

Interest Calculation and Frequency
  • Interest for the period February to April will be credited in May, Interest for May to July will be credited in August, interest for August to October will be credited in November and interest for November to January will be credited in February every year.

Dormant/ Inoperative Account
  • Account becomes inoperative/dormant if there are no customer induced transactions in Savings account for over a period of two years. Interest is continued to be applied in all such Savings Bank accounts. No charges are levied for in-operation of accounts

  • Activation/Closure of Dormant/Inoperative accounts will be done after submission of necessary KYC documents, photo, fresh specimen signature, subject to satisfaction of the Bank.

  • All Accounts which have remained inoperative/dormant for a period of 10 years and above will be treated as unclaimed deposits and will be transferred to RBI. Upon receipt of the request from the customer such deposits will be returned subject to conditions

Nomination Facility:

Nomination facility available.

Rules for Transfer/ inter-sol transfer/clearing transactions and charges
  • Transfer Transaction at base branch Allowed freely without any limit
  • Transfer Transaction at Non-base branch (local as well as outstation) normally allowed only at a branch where either drawer or payee maintains account. However, for genuine transactions, Branch Head is authorized to allow transactions at non-base branch (where neither drawer nor payee maintains account) on case to case basis subject to certain conditions.

Disclosure of Information
  • The Bank may disclose information about customer’s account, if required and permitted by law, rule or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds, or in public interest, without specific consent of the account holder(s).

  • All relevant policies including code of commitments to customers and grievance redressal policy are available at the branches

  • MITCs OF ATM/DEBIT Card, Mobile Banking, Net- Banking in Application Forms are available separately.

  • The Bank will notify, 30 days in advance, any change in terms and conditions/ Fees and charges on its website

  • Deposits along with interest kept in different branches of our Bank is insured by Deposit Insurance & Credit Guarantee Corporation (DICGC) maximum upto Rs 5,00,000( Rs 5 lakh).

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  • Open online Savings Account using Video KYC (V-KYC)

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