24 News Hour-News Matters
24 News Hour-News Matters
  • Home
  • Business
  • Education
  • Entertainment
  • News Update
  • Others
    • Technology
    • Health & Lifestyle
  • Privacy Policy
  1. Home
  2. Business
  3. Axis Bank signs MOU with Indian Coast Guard
Business

Axis Bank signs MOU with Indian Coast Guard

Mumbai, 18 August2022:  Axis Bank, India’s third largest private sector bank,reinforced its commitmentto the Defence sectorby signinganMOU with the Indian Coast Guard,offering adefence service salary package withbest-in-class benefits and features underits‘’Power Salute’’ initiative.

The signing ceremony was held at the Coast GuardHeadquarters, with the Indian Coast Guard, represented by Deputy Inspector General Kajal Roy, Principal Director (Administration), in the presence of Additional Director General, Rakesh Pal PTM, TMand Axis Bank was represented by Ms. Tanu Malhotra,Executive Vice President andLt Col M.K Sharma, National Accounts Head. 

Through this exclusive Defence service salary package, Axis Bank will offer numerous benefits to all ranks ofthe Indian Coast Guard -Veterans, Cadets, Recruits –

  • Personal Accidental cover ofupto56 lakhsto all personnel, Veterans, Cadets, Recruits
  • Additional Children Education Grant upto 8 lakhs
  • Total Permanent Disability Cover benefit upto 46 lakhs
  • Permanent Partial disability cover of upto 46 lakhs
  • Air Accident cover of 1 Crore
  • NIL Processing fee & 12 EMI waiver on Home loans
  • Zero Balance accounts for 3 family members with no charges
  • Universal account number across India wherein all Axis Bank branches will function as “Home branch’’

The MOU is a reflection of Axis Bank’s constant endeavour to serve the Defence Forces and help them meet their financial requirements, aspirations and milestones. Axis Bank’s digital initiatives will enable the defence personnel at borders and other remote areas to stay connected and get easy access to its bouquet of financial solutions.

Previous post
Next post

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Saatvik Green Energy Limited ?900 crore Initial Public Offering to open on September 19, 2025
  • iValue Infosolutions Limited: Initial public offering to open on Thursday, September 18, 2025
  • BOOK DIRECT ON AIR INDIA EXPRESS – UP TO 20% OFF, ZERO CONVENIENCE FEE, AND EXTRA OFFERS
  • Kerala Urban Conclave to be held in Kochi on September 12-13
  • Media statement – Hinduja Group
Latest News
Business

Saatvik Green Energy Limited ?900 crore Initial Public Offering to

September 18, 2025
Business

iValue Infosolutions Limited: Initial public offering to open on Thursday,

September 18, 2025
Business

BOOK DIRECT ON AIR INDIA EXPRESS – UP TO 20%

September 13, 2025
Business

Kerala Urban Conclave to be held in Kochi on September

September 8, 2025
Copyright © 2025 Qoxag. All Right Reserved.