The Bank of India (BOI) has signed a Memorandum of Understanding (MoU) with the Central Reserve Police Force (CRPF) to provide the BOI Rakshak Salary Package to CRPF personnel and veterans. The MoU was signed at a ceremony held at CRPF Headquarters in New Delhi, with dignitaries from both organizations in attendance. The partnership aims to strengthen financial support for paramilitary personnel and provide them with a range of benefits, including free comprehensive Personal Accident Insurance (PAI) cover, attractive offers on debit and credit cards, and access to value-added banking services.
The BOI Rakshak Salary Package is a specially designed salary account that caters to the unique requirements of personnel in the Defence Forces, Paramilitary Forces, and State Police. It offers a suite of benefits, including Personal Accident Insurance, Air Accident Coverage, and other exclusive banking features to provide financial protection and convenience to its account holders. The package is designed to provide CRPF personnel with financial security, convenience, and support, ensuring they can access banking services and insurance facilities efficiently.
The MoU signing ceremony was chaired by Mr. Kabib K, Inspector General (ADMN), CRPF, who expressed gratitude to Bank of India for providing a comprehensive range of banking services specifically designed for CRPF personnel. Ms. Shampa Sudhir Biswas, General Manager, Bank of India, highlighted BOI’s pride in collaborating with the CRPF and reaffirmed the bank’s commitment to delivering superior banking products and customer service, supported by advanced digital infrastructure.
Bank of India is one of India’s leading public sector banks, offering a wide range of banking products and financial services to meet the needs of individuals, corporates, and government entities. With a strong presence across urban and rural India, BOI focuses on delivering inclusive banking solutions supported by modern digital infrastructure and customer-centric services. The partnership with CRPF is a significant step towards providing financial support and security to paramilitary personnel, and BOI is committed to delivering superior banking products and services to its customers.
The MoU is expected to benefit over 300,000 CRPF personnel and veterans, providing them with access to a range of banking services and insurance facilities. The partnership is also expected to strengthen the relationship between Bank of India and the CRPF, and promote financial inclusion and security among paramilitary personnel. Overall, the MoU is a significant development in the banking sector, and is expected to have a positive impact on the financial well-being of CRPF personnel and their families.