Updated By: LatestGKGS Desk
Indian Army and Corporate Bank signs MoU for salary Package
The Indian Army and Corporate Bank signs Memorandum of Understanding for Defence Salary Package today 8th November.
The meeting was chaired by Adjutanat General of Indian Army Lt Gen Rakesh Sharma and the higher officials of Corporate Bank which includes Executive Director, Mr. Gopal Murli Bhagat.
Soldiers to be provided Air Insurance Cover, Personal Accident insurance
The features of this Memorandum of Understanding is Personal Accident insurance cover of Rs. 5 lakh and Rs.10 lakh.
Apart from this, Air Insurance Cover of Rs.5 lakh to Rs.50 lakh will also be provided.
These facilities are extended to the pensioners but term Insurance Cover of Rs.5 and Rs. 10 lakhs is not provided to pensioners.
The bank to provide services like free drafts, free cheque books, free ATM cards, unlimited ATM transactions and other services.
