The country's third-largest private lender Axis Bank on Tuesday signed MOU with the Indian Army offering a defence service salary package under its "Power Salute" initiative. The Defence service salary package will offer different benefits to all ranks of army officers, Axis Bank said in a media statement. The benefits of the MoU will cover both serving Defence personnel as well Defence pensioners. At present, the bank also offers unlimited free payable-at-par chequebooks, and unlimited free demand drafts and pay orders. The signing ceremony was held at Army Headquarters, with the Indian Army represented by Lt Gen R P Kalita, UYSM, AVSM, SM, VSM, DG (MP&Ps) and Reynold D’ Souza, Executive Vice President and Lt Col MK Sharma National Accounts Head, Axis Bank.

Source: Mint July 06, 2021 13:52 UTC