Bandhan Bank has announced a partnership with the Indian Air Force (IAF) to launch a specialized salary account for IAF personnel, called the Bandhan Bank Shaurya Salary Account. This account will offer a range of exclusive benefits, including zero balance savings, protection for self and family, and attractive interest rates, available at over 1700 Bandhan Bank branches. This partnership builds on the bank’s existing collaboration with the Controller General of Defence Accounts (CGDA) to provide services to defence pensioners and their families through 557 designated branches.
The Memorandum of Understanding (MoU) was signed by Air Vice Marshal Updesh Sharma and Debraj Saha, Head of Government Business Group, Bandhan Bank. The partnership is aimed at providing a superior banking experience to IAF personnel, leveraging Bandhan Bank’s state-of-the-art digital platforms, extensive branch network, and customer-centric approach.
Bandhan Bank’s Executive Director and Chief Business Officer, Rajinder Babbar, emphasized the bank’s commitment to supporting the nation through its initiatives, stating, “Bandhan Bank is deeply committed to supporting the nation through every initiative we undertake. We take great pride in our legacy of providing world-class banking solutions, built on the trust and confidence that these esteemed institutions place in us.”
Debraj Saha noted that the partnership with IAF is a significant milestone for the bank, and it is honored to collaborate with the IAF to offer seamless solutions to its personnel. The Bank has also been appointed as an Agency Bank by the Reserve Bank of India, and has been authorized by the Central Boards of Direct Taxes and Indirect Taxes for collections of taxes, and disbursement of Central Civil Pension and Railway Pensions, among others.