Bank of India Signs MOU with Indian Coast Guard for BOI Rakshak Package.

MOUs and Agreement

Bank of India, one of the leading public sector banks, reinforced its commitment to the Defence Sector by signing an MOU with the Indian Coast Guard, offering a Defence service Salary Package with best-in-class features under its “BOI Rakshak Salary/ Pension Savings Scheme”.The Signing Ceremony was held on 9th May 2024 at the Coast Guard Headquarters, New Delhi with the Indian Coast Guard represented by Shri Narendra Singh, Deputy Inspector General & Principal Director (Administration) and Bank of India was represented by Shri Sharda Bhushan Rai, Chief General Manager Head Office (Resource/ Marketing/ GBD) Mumbai, Shri Lokesh Krishna, General Manager FGMO New Delhi and Shri Ajay Kumar Panth, Deputy General Manager, Government Business Department.Through this exclusive BOI Rakshak Package, Bank of India will offer numerous benefits to all Ranks of the Indian Coast Guard, Veterans, Recruits and Agniveers including Personal Accidental Insurance coverage upto 150 Lakhs, Permanent Total Disability cover upto Rs 50 Lakhs, Air Accidental Cover upto Rs 100 Lakhs and Permanent Partial Disability Cover of Rs 25 Lakhs. Apart from this the Bank will also offer Concessions in Retail Loans, Processing Charges and Locker Rentals.


      Bank of India strengthens its commitment to the Defence Sector by signing an MOU with the Indian Coast Guard.

      The "BOI Rakshak Salary/ Pension Savings Scheme" offers best-in-class features to Indian Coast Guard personnel, veterans, recruits, and Agniveers.

      Benefits include personal accidental insurance coverage, disability cover, air accidental cover, and concessions in retail loans and processing charges.

 

     


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