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Bank of India Signs MoU with BSF to Enhance Financial Benefits under Rakshak Salary Package.

Banking & Finance | Dated: 14 Oct 2025

In October 2025, the Bank of India (BoI), a leading Public Sector Bank (PSB), signed a Memorandum of Understanding (MoU) with the Border Security Force (BSF) under the Rakshak Salary Package to provide enhanced financial and insurance benefits for BSF personnel and veterans. The signing took place at BSF Headquarters, New Delhi, in the presence of senior officials from both organisations.

🎯 Key Highlights:

💡 Other Important Facts:

  • (i) The MoU offers enhanced Personal Accident Insurance (PAI) coverage up to Rs. 1 crore and Air Accident Coverage up to Rs. 2 crore for BSF personnel.
  • (ii) BSF members will receive attractive deals on Debit and Credit Cards, providing additional convenience and financial perks.
  • (iii) The agreement includes value-added financial benefits aimed at ensuring greater financial security and support for BSF personnel and veterans.

📚 Test Your Knowledge:

Recently, which bank signed an MoU with the BSF under the Rakshak Salary Package?

Correct Answer: Bank of India

🚀 Quick Recap: