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Salary and Pension Solutions for Indian Military Personnel

Salary and Pension Solutions for Indian Military Personnel

    • Free Personal Accident Insurance – Death & Permanent Total Disability cover of attractive amount
    • Platinum, Diamond, Gold and Silver variants according to officer rank.
    • Overdraft facility available*
    • Waiver in processing charges on Home loan
    • Baroda Scholar Loan to wards of defence personnel

*subject to approval as per extant guidelines of Bank

Bank of Baroda has entered into an agreement with Indian Army for new and customized banking experience for serving and retired personnel of Indian Army. The highlights of this MoU is Free Personal Accident Insurance - Death & Permanent Total Disability cover of attractive amount applicable for pensioners of Indian army up to the age of 70 yrs. Salary Accounts are to be opened and maintained under the new salary scheme codes SB174, SB175, SB176 and SB177.

Key benefits

  • All Salary Bands covered
  • Overdraft facility upto 3 salary credits
  • Lifetime free Credit Card as per account variant with 5x reward points
  • Discount on Depository Services/Demat AMC upto 100%
  • Discounted rental on Lockers

Terms & Conditions

For more details on Salary Accounts, please e-mail us at: liabilities.corp.bcc@bankofbaroda.com

For pension accounts: cppc.delhi@bankofbaroda.com

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