Axis Bank has signed a special agreement with the Indian Army. Under this, defense personnel will also get many other facilities including insurance cover of lakhs of rupees. Family members will also get an additional debit card.
The country’s third largest private bank has made a special agreement with the Indian Army. Under this agreement, Axis Bank will now offer Defense Service Salary Package to the Indian Army. No ‘Power Salute’ has been kept for this initiative. Under this agreement, officers of all ranks of the army will be given many facilities. Information about this has been given in a statement issued by Axis Bank.
According to Axis Bank, people serving in the army will get personal accident cover of Rs 56 lakh, education grant up to Rs 8 lakh, Rs 46 lakh in case of permanent disability, Rs 46 lakh in case of partial disability, Rs 1 crore on air accident cover. Debit card facility will also be given in addition to the family members in addition to Rs.
All branches of Axis Bank will be ‘home branches’
Apart from defense personnel, pensioners will also get the benefit of this agreement. At present, Axis Bank is also offering unlimited free chequebooks, free demand drafts and pay orders. Indian Army personnel will get the facility of Universal Account Number for the whole country. All the Axis Bank branches located across the country will be ‘home branches’ for them. In the past, under the digital initiative of Axis Bank, soldiers have been getting many types of banking facilities.
Axis Bank preparing for expansion of subsidiaries
This private sector bank is also preparing to expand its subsidiaries in different segments in the banking sector. Actually, Axis Bank is working on this strategy to increase its market share. At present there are 8 domestic subsidiaries of Axis Bank. Apart from this, there is also one in the United Kingdom and one in America.
Currently, Axis Bank provides these services.
Presently Axis Bank is functioning as a full-service wholesale bank, which provides all types of financial services. This includes banking products, debt capital markets and investment banking to non-banking financial facilities. This also includes retail banking products such as Burgundy Wealth Management, salary and trust services, forex and commercial credit cards.
