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Axis Bank signs MoU with Indian Navy for salary accounts

Axis Bank signs MoU with Indian Navy for salary accounts

Axis Bank has signed an MoU with the Indian Navy, offering a defence Service Salary package with best-in-class benefits and features under its ‘’Power Salute’’ initiative.

The benefits include a personal accidental cover of up to ₹56 lakh to all navy personnel, veterans, and cadets. Also, additional up to ₹8 lakh children education grant; total permanent disability cover benefit up to ₹46 lakh; air accident cover of ₹1 crore.

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