Salary and Pension Solutions for Indian Military Personnel

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Salary and Pension Solutions for Indian Military Personnel

Exclusive salary & pension solutions for Indian military personnel with seamless banking, special benefits, and dedicated services.

  • cheque availibilty
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Details for Salary and Pension Solutions for Indian Military Personnel

Designed for Indian military personnel, this solution ensures seamless salary and pension management with exclusive benefits, priority banking, and easy transactions. Enjoy special privileges, secure financial planning, and dedicated support tailored to your service needs.

Interest Rate

4.50% p.a

Withdrawal Limit

Not available

Transaction Limit

Not available

Eligibility Criteria for Opening an Account

  • For salaried employee
  • For pensioner
  • Eligible Age – 18 years & above till retirement

Additional Benefits

  • Personal Accident Cover on Salary account
  • PAI Death Cover : On-duty PAI cover ₹ 75 Lakhs and Off-duty PAI cover ₹ 60 Lakhs
  • Permanent Total/ Partial Disability cover up to ₹ 60/ ₹30 Lakhs
  • Air Accident Insurance Cover ₹ 100 Lakhs
  • Free Personal Accidental Insurance Offerings For Veterans
  • Lifetime Free Debit Card
  • Personal Accident Insurance - Death and Total disability cover of ₹ 10 Lakhs.
  • Waiver of Issuance/ Re-issuance / Annual Fee
  • Lifetime Free Credit card subject to eligibility.
  • Unlimited Free Transactions at all Bank ATMs
  • Free Remittances – RTGS / NEFT / IMPS (through all modes)
  • Free Unlimited – Demand Draft / Banker’s Cheque
  • Free Unlimited – Personalized Cheque books
  • 14.50% waiver on Locker Rentals
  • 15.100% waiver on Demat Annual maintenance charges
  • 16.75% waiver on issuance charges for Gift and Travel Card
  • Salary Overdraft up to ₹ 3.00 Lakhs